AI and robotics stocks outperforming other shares on markets

Artificial intelligence and robotics stocks are performing better than many other investments on the stock market, according to a report on CNBC

The website says robotics and AI stocks are “crushing” the old economy and is up by 30 per cent compared with under 10 per cent for other stocks.

In particular, the Global X Robotics and Artificial Intelligence ETF (BOTZ) and the ROBO Global Robotics and Automation Index (ROBO) have done well.  Continue reading AI and robotics stocks outperforming other shares on markets

Brain Corp raises $114 million to develop self-driving technology for robots

Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.

Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.

The investment will be used to further develop AI technology and create brains for multiple types of commercial and consumer robots.  Continue reading Brain Corp raises $114 million to develop self-driving technology for robots

American workers sleepwalking into automated obscurity, says new report

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Picture courtesy of Challenge Magazine

Despite an endless stream of stories in the media warning of humanity’s impending irrelevance in an automated future, it seems American workers remain rather blasé about the prospect of being automated out of existence in the workplace. 

New research by Randstad US contradicts many reports that American workers fear losing their job due to automation.

The 2017 Randstad Employer Brand Research found that only 14 percent of US employees worry that automation will take their job away, and nearly one-third (30 per cent) say they think automation will make their job better.  Continue reading American workers sleepwalking into automated obscurity, says new report

CaliBurger’s ‘Flippy’ robot gets $3 million to flip burgers

A burger-flipping robot developed by Cali Group and Miso Robotics has received $3.1 million in financing from strategic investors including Acacia Research and Match Robotics. 

Miso was co-founded and funded by Cali Group, which owns the Caliburger chain of fast food restaurants across the US. The company is currently specialising in automation for the catering industry.

The burger-flipping robot has been named “Flippy”, appropriately enough, and was the first robotic product developed by Miso, and the company has since developed numerous automation applications for the robot, including preparation, grilling, frying, and so on.  Continue reading CaliBurger’s ‘Flippy’ robot gets $3 million to flip burgers

Harman introduces Sherlock AI system to help its designers and engineers find and put things together more quickly

Harman International, a design and engineering company which supplies a range of products and services to automotive companies, has introduced a new artificial intelligence system into its company.

The AI system, Sherlock, is described as a “virtual colleague” for Harman employees, and is said to have completely redefined the innovation management workflow in some of the company’s divisions.

Armin Prommersberger, senior vice president technology, lifestyle audio division, at Harman, says Sherlock offers a level of insight into the business that would be impossible to gain without it.  Continue reading Harman introduces Sherlock AI system to help its designers and engineers find and put things together more quickly

World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list

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The World Economic Forum, the global nonprofit foundation whose annual meeting in Davos is attended by global leaders from business and politics, has published a list of companies which it considers to be the most pioneering in the field of technology.

In publishing its Technology Pioneers 2017 list, WEF has chosen 30 different companies to highlight from a variety of industries including biotechnology, agriculture, energy, transport, as well as a number of companies from the robotics and automation sector.

One of them is Horizon Robotics, a Chinese company which develops computer infrastructure to enable artificial intelligence computing and real-time decision-making, mainly aimed at enhancing self-driving vehicle safety.  Continue reading World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list

Apple unveils home automation device and the most expensive desktop computer ever

apple ceo tim cook
Apple CEO Tim Cook welcomes developers from 75 different countries to WWDC 2017

So the rumours were true about the home automation device. Some of the other rumours ahead of the ongoing Apple Worldwide Developers Conference were also true, but then there have been some surprises as well. 

First, the home automation device. Apple has launched what it calls HomePod – a voice assistant much like Amazon Alexa-enabled Echo and Google Home – within which Siri will live.

The question with such voice devices is always, how good are they at conversation with humans? In general, natural language processing technology is not yet able to understand human speech well enough to make such devices easy to use.  Continue reading Apple unveils home automation device and the most expensive desktop computer ever

Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost

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Partnership, collaboration, and technology investment crucial for growth opportunities, says Frost & Sullivan’s industrial automation and process control team 

The Internet of Things and data analytics are transforming the manufacturing space, and data is the new currency.

Currently, human intervention is needed for logical and reasonable decision making. However, with the rise of cognitive technologies, machines will be empowered to detect constantly changing manufacturing scenarios and respond in real time with minimum human intervention.

To be successful, manufacturers need to invest in artificial intelligence technology to improve plant efficiency and productivity, and build partnerships and collaborations that drive data-driven intelligence.  Continue reading Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost

Apple developing processor especially for AI

Apple A10 chip for iPhone 7
Picture of chip for iPhone 7 via ExtremeTech.com

Apple is developing a processor specially for artificial intelligence applications, according to a report on Bloomberg

The maker of iPhones, iPads and a number of other computing devices and machines is said to refer to the chip internally as the “Apple Neural Engine”.

Bloomberg, which says its source requested anonymity, adds that the AI-dedicated chip will be used for facial recognition, speech processing and other tasks which require the processing of large amounts of data.  Continue reading Apple developing processor especially for AI

Increased use of AI and robotics linked to brighter outlook for US business growth

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Business optimism may be fueling recent spike in number of executives reporting increased use of automation

The number of US companies reporting an increase in their use of automation doubled in the first quarter of 2017, fueled in part by a recent spike in business confidence, according to a report released by global talent solutions firm Randstad Sourceright.

Based on a global survey of C-suite and human capital leaders, Randstad Sourceright’s Talent Trends research finds that 36 percent of US companies have increased the use of artificial intelligence and robotics over the last 12 months, up from 18 percent during the fourth quarter of 2016.

Over the same period, the number of respondents indicating that they expect significant growth in the next 12 months soared from 10 percent to 28 percent.  Continue reading Increased use of AI and robotics linked to brighter outlook for US business growth

Omron develops AI-equipped machine automation controller

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Omron says it has developed a machine automation controller equipped with a machine learning artificial intelligence algorithms.

The company claims it is the first of its kind in the industry.

Omron says the AI-equipped controller achieves real-time integration between a programmable logic controller function, which controls production lines and equipment changing in microseconds on factory floors, and an AI processing function.

Using Omron’s extensive range of sensors to monitor the status of equipment and processes, the controller safely regulates them before an irregularity can occur by predicting unusual movements of machinery based on the causal model that the built-in AI has been made to learn.  Continue reading Omron develops AI-equipped machine automation controller

Nvidia and Bosch launch artificially intelligent self-driving car computer

Nvidia CEO Huang on stage at Bosch event
Nvidia CEO Jen-Hsun Huang on stage at Bosch event

One of the world’s largest automotive suppliers, Bosch, provided a massive stage today for Nvidia CEO Jen-Hsun Huang to showcase its new artificial intelligence platform for self-driving cars.

Speaking in the heart of Berlin to several thousand attendees at Bosch Connected World — an annual conference dedicated to the Internet of Things — Huang detailed how deep learning is fueling an AI revolution in the auto industry.

The small AI car supercomputer was unveiled last week in the opening keynote address by Bosch CEO Dr Volkmar Denner, who focused on how his company, which had €73 billion in revenue last year, is pushing deeper into the areas of sensors, software and services.  Continue reading Nvidia and Bosch launch artificially intelligent self-driving car computer

Nvidia launches new board for robotics development

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Company says its IoT platform for manufacturing, industrial, retail will be made possible by Nvidia’s artificially intelligent-powered Jetson 

Nvidia has unveiled the Nvidia Jetson TX2, a credit card-sized platform that it says delivers AI computing at the edge – opening the door to “powerfully intelligent” factory robots, commercial drones and smart cameras for AI cities. 

Jetson TX2 offers twice the performance of its predecessor, or it can run at more than twice the power efficiency, while drawing less than 7.5 watts of power. This allows Jetson TX2 to run larger, deeper neural networks on edge devices.

The result: smarter devices with higher accuracy and faster response times for tasks like image classification, navigation and speech recognition. Continue reading Nvidia launches new board for robotics development

Chinese robot maker CloudMinds creates robots based on cloud intelligence

cloud-computing

Company backed by SoftBank says it has switched from artificial intelligence to cloud intelligence

A Chinese company called CloudMinds says it has created what it says is a “cloud intelligence ecosystem” for robotics. 

CloudMinds specialises in the research, development and manufacturing of cloud intelligence-based applications.

It has several investors, including SoftBank Group, the Japanese multinational telecommunications and Internet firm.  Continue reading Chinese robot maker CloudMinds creates robots based on cloud intelligence

ZF unveils AI driving system which could be used for forklift trucks, while Toyota adopts the fuel cell

toyota fuel cell forklift truck

ZF teams up with Nvidia on artificial intelligence system for autonomous cars, trucks and industrial applications

ZF says its ProAI system for automated driving is built on high-performance Nvidia Drive PX 2 AI computing platform, and will enable vehicles to “see, think, and act”. 

ZF is one of the world’s largest automotive suppliers and a global leader in active and passive safety technology, and has been working with Nvidia to develop artificial intelligence systems for the transportation industry for some time.

The two companies are looking at various sectors, including:

  • automated and autonomous driving systems for passenger cars;
  • commercial trucks; and
  • industrial applications.

The ZF ProAI for highway automated driving is ZF’s first system developed using Nvidia AI technology.  Continue reading ZF unveils AI driving system which could be used for forklift trucks, while Toyota adopts the fuel cell