August 31, 2024: Amazon Acquires Covariant Founders and Talent - Amazon has hired the founders of AI robotics startup CovariantPieter Abbeel, Peter Chen, and Rocky Duanalong with about 25% of its employees. The company also acquired a non-exclusive license for Covariants robotic AI models, aimed at improving warehouse tasks. This move parallels a similar hiring strategy used in June with AI startup Adept, allowing Amazon to gain new technology and expertise amidst antitrust scrutiny. Covariant will continue operations under new CEO Ted Stinson, focusing on industries such as apparel, health, and pharmaceuticals.
