Serve Robotics, a sidewalk robot delivery company backed by Uber and Nvidia, debuted on the stock market with a $40 million splash. It completed a reverse merger and secured $30 million in funding from existing investors. Serve has ambitious revenue goals and plans to scale its robot fleet across multiple US cities. The company also aims to generate ad revenue to offset delivery costs. Serve's robots operate at Level 4 autonomy and rely on remote human operators in certain scenarios.
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