Headquartered in Pittsburgh, PA, the new institute is made up of governments, industry, academia, and non-profit organizations from across the country. Combined they have contributed $173 million that will be fused with $80 million in federal funding.
After reading all the press releases for this batch of 21 research reports, one can see that although they vary widely in their forecasts they almost all agree that the robotics market is expected to grow at a double-digit pace through 2022.
Toy and entertainment drones, camera drones for professional and business use, moon-shot drones and military drones are all becoming more and more distinct as much of the drone industry gets commoditized. Prices are dropping even as impressive new features are added. It’s a difficult time in the drone business.
UPDATED 1/13/2017: SF District Attorney files false advertising suit against Lily Robotics. Details added below.
Rethink Robotics, the Boston-based maker of the Baxter and Sawyer robots founded by iRobot co-founder Rodney Brooks, raised an additional $18 million in an unfinished $33 million Series E round led by private equity firm Adveq.
Teledyne Technologies, which specializes in deepwater gas and oil exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging, in an all cash $780 million transaction, will acquire British imaging sensor maker E2V Technologies.
A recent article in The Washington Post by Morgan Stanley strategist and author of “The Rise and Fall of Nations” Ruchir Sharma, provides a nuanced overview of the issues of jobs, robots, productivity and income disparity.
In a move consistent with many other recent acquisitions of stars within the robotics industry, Liquid Robotics announced that they sold their company to Boeing’s Autonomous Systems for Defense, Space & Security division.
The Beijing World Robot Conference (WRC), sponsored by Beijing City, the Ministry of Industry and Information Technology, and the China Association of Science and Technology, was held October 21-25. It was big, long, ran over a weekend and gave a run-down of the breath of China’s fast-emerging robotics industry.
Intel is establishing an autonomous driving division; hacker George Hotz is open-sourcing his self-driving software in a bid to become a network company; LiDAR and distancing devices are changing. What does it all mean?
In the last six years, (2010–2015), according to the IFR (International Federation of Robotics), US industry has installed around 135,000 new industrial robots. The principal driver is automation in the car industry. During this same period, (2010–2015), the number of employees in the automotive sector increased by 230,000.
In President-elect Trump’s interview with the NY Times yesterday, when discussing jobs, closed factories and factories that may leave the country, he was asked: “Are you worried that those companies will keep their factories here, but the jobs will be replaced by robots?
For the last few years, there have been very few stock IPOs (Initial Public Offerings). Promising companies have been acquired instead, eg: Kiva Systems and Universal Robots. But two robotics-related companies have recently filed: one for the Tokyo Stock Exchange and the other for the New York Stock Exchange.
Key executives leaving (or were requested to leave) Goggle’s drone delivery Project Wing; GoPro recalls all of its newly launched Karma drones and doesn’t offer a replacement; DJI slashes prices. What’s going on?
Farmers, ranchers and growers the world over are transitioning to precision agricultural methods, i.e., subdividing their acreage into many unique sub-plots — in some cases right down to the individual plant, tree, or animal — thereby enabling increased productivity, trace-ability and lower overall costs. Low-cost aerial vehicles, sensors and cameras are integral to the process and are being used to map, observe, sense and spray.