A company which is developing robotic pizza production systems has raised $48 million in funding, according to a report on ZDNet.com.
The new funding for Zume Pizza follows a previous round, in December, which raised $23 million.
ZDNet says Zume’s system could increase speed and freshness at the same time as reducing labour costs.
(Main picture courtesy of ZDNet.)
According to on Global Times, the Taiwan Semiconductor Association estimated that the output value of the global Semiconductor market in 2017 is expected to grow by 9.8 per cent compared to 2016.
In this market analysis, DailyStockTracker.com takes a closer look at four companies in the semiconductor equipment and materials category – Cree, Oclaro, Synopsys, and United Microelectronics. Continue reading Market analysis: Semiconductor stocks
Global X Funds, the New York-based provider of exchange-traded funds, today celebrated the one-year anniversary of the launch of the Global X Robotics and Artificial Intelligence ETF (BOTZ).
The company says Botz has received considerable interest from investors in its first year, having surpassed $450 million in assets under management.
Botz launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index. Continue reading Robotics investment fund grows to $450 million since launch one year ago
A robotics investment fund claims it has seen returns of almost 40 per cent since it was established a year ago, according to a report on Business Insider.
Botz is a Nadaq-listed exchange-traded fund, which has holdings in a variety of companies in the robotics and artificial intelligence sectors.
ETFs are like shares in a collection of different companies – usually in a particular sector such as robotics and AI – and they are sold as though they were shares in one company. Continue reading Robotics investment fund claims 40 per cent returns in one year
ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management.
Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence.
The ROBO Global Robotics & Automation Index ETF recently surpassed $1 billion in assets under management, and its managers say it has achieved the psychologically significant benchmark less than four years after launching. Continue reading Largest robotics and automation investment fund now has $1 billion in assets under management
By Edward Tse, CEO of Gao Feng
China’s fast economic growth, its gradual but consistent transition from a planned economy toward a market economy, the emergence of highly intensive competition in the open sectors, the increasing prevalence of technology and the availability of angel investing and venture capital funds all contributed to the emergence of waves of entrepreneurship and innovation in China that the country had not seen before.
In their search for growth strategies, these Chinese entrepreneurs were typically fast and agile. Some of them developed diversified conglomerates, and there were others that decided on a narrow focus, taking the core competence approach.
The results have been mixed. Interestingly, some of them, through trial and error, discovered a third way of strategy development. We call it “multiple jumping”. Continue reading Finding a third way forward for China’s economy