Rockwell launches new AI system for monitoring and managing industrial operations

Rockwell Automation has launched a new artificial intelligence system which the company says “models, monitors and optimizes industrial operations”. 

The company says that the “novel” AI system learns specific applications and alerts operators to errors, and suggests solutions.

Creating diagnostic analytics solutions in industrial operations has long required expert data scientists with a deep understanding of the specific application to be analyzed, says Rockwell.  Continue reading Rockwell launches new AI system for monitoring and managing industrial operations

Walmart testing autonomous floor scrubber developed by Brain Corporation

One of the world’s largest retail chains, Walmart, which has more than 4,600 stores in the US, is testing autonomous, robotic floor scrubbers in several of its stores, according to QZ.com

The original, conventional vehicle – usually driven by a human – was built by International Cleaning Equipment, but it has been roboticised by Brain Corporation, which specialises in autonomous vehicles for floor care.

Quartz says Walmart is evaluating the robot in five of its stores, with a view to introducing into more of its stores.  Continue reading Walmart testing autonomous floor scrubber developed by Brain Corporation

Robots and artificial intelligence are coming soon to your work, home, and cars

Article contributed by John Hawthorne, Industrial Quick Search Directory

We are becoming more accustomed to jaw-dropping video game technology, Amazon’s Alexa speakers, and nifty Android and iOS apps that seem to let us do just about anything.

While commercial technology continues to make leaps and bounds each year, what role does artificial intelligence play in all this, and how will AI and robots become part of our lives in the near future?

The following is an overview of several way that AI and robots are helping us through algorithms and physical functioning at work, in our homes, and in the way we move around.   Continue reading Robots and artificial intelligence are coming soon to your work, home, and cars

China’s abundance of big data is helping the development of artificial intelligence

By Edward Tse, CEO of Gao Feng 

Tekes Future Watch China – Artificial Intelligence is the latest in a series of reports prepared by Gao Feng for Tekes, the Finnish Funding Agency for Innovation.

The report is aimed at helping Tekes to study China’s digital landscape and at highlighting strategic implications for both Finnish companies and policymakers.

After decades of development, artificial intelligence has become one of the most disruptive technology enablers in today’s exponential age.   Continue reading China’s abundance of big data is helping the development of artificial intelligence

Kindred AI launches warehouse robots already in use by ‘major retailers’

A company called Kindred AI has launched a new range of warehouse robotics systems powered by artificial intelligence. 

In one system, Kindred appears to be using a Fanuc robot, and in another, an arm that looks like it’s from Universal Robots.

The company, which says it is building “human-like intelligence in machines”, says “major global retailers” have started pilot programs integrating Kindred Sort, the company’s first commercial offering, in their existing fulfillment centers.

Kindred also says it has raised $28 million in Series B funding led by Tencent, bringing the total amount raised to $44 million. Previous investors Eclipse Ventures and First Round Capital participated in the new round.  Continue reading Kindred AI launches warehouse robots already in use by ‘major retailers’

Robots in the cosmetics industry: Complex tasks for sophisticated machines

Like most business sectors, the cosmetics industry is a growing market for industrial robotics and automation suppliers. 

At the moment, it’s a relatively small market compared to automotive, electronics, and other sectors, but according to a study by Alltake Market Research, unit shipments in the sector will grow more than 20 per cent by 2022.

However, Alltake combines cosmetics and pharmaceutical into one category for its projections.  Continue reading Robots in the cosmetics industry: Complex tasks for sophisticated machines

Range against the machine: Exclusive interview with Garry Kasparov

 

With so many people voicing their fears about a future world in which artificial intelligence not only influences our day-to-day activities, but also makes life-or-death decisions in security and defence scenarios, there is arguably no one more qualified to comment on the issue of man versus machine than Garry Kasparov. 

For younger readers who may not know who Kasparov is, he is probably the most celebrated and most controversial chess grandmaster there has ever been.

Back in the days when the Cold War as at its height, and the then USSR and the US were constantly on the verge of wiping humanity from the face of the Earth, Kasparov took on the very icon of American power, IBM, and what was at the time its most powerful supercomputer, Deep Blue. It was the first time such tests were conducted in such an internationally high-profile way.  Continue reading Range against the machine: Exclusive interview with Garry Kasparov

Toyota shows off its progress in robotics, autonomous cars and artificial intelligence

 

Toyota Research Institute has been demonstrating its progress in the development of automated driving technology and other project work to the investor community this week.

Dr Gill Pratt, CEO of TRI, says: “In the last few months, we have rapidly accelerated our pace in advancing Toyota’s automated driving capabilities with a vision of saving lives, expanding access to mobility, and making driving more fun and convenient.

“Our research teams have also been evolving machine intelligence that can support further development of robots for in-home support of people.” Continue reading Toyota shows off its progress in robotics, autonomous cars and artificial intelligence

Robotics investment fund grows to $450 million since launch one year ago

 

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 IndexContinue reading Robotics investment fund grows to $450 million since launch one year ago

Globetouch and CloudMinds to provide connectivity for robots

Globetouch and CloudMinds Technology have formed a partnership to provide connectivity for robots and other artificial intelligence initiatives.

Both companies are making the announcement during Mobile World Congress Americas 2017, a conference and expo bringing together industry leaders to meet and explore new business models in mobile technology.

Globetouch provides connectivity services and IoT platforms for the connected vehicle and the Internet of Things market.  Continue reading Globetouch and CloudMinds to provide connectivity for robots

Investing in robotics with a $100 million fund and a humanitarian perspective

Investing in robotics is something many people are interested in. 

Not surprising, since funds which have invested in robotics and related technologies on the stock markets have returned significantly more profits than funds in other business sectors.

Rewired is a new fund which is starting out with $100 million to invest in what it says will be “the next generation of robotics”. Continue reading Investing in robotics with a $100 million fund and a humanitarian perspective

Largest robotics and automation investment fund now has $1 billion in assets under management

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

Artificial intelligence driving revenue growth, says Infosys

US Secretary of State John Kerry in Davos
US Secretary of State John Kerry at a previous World Economic Forum meeting in Davos

In a report specially prepared for the World Economic Forum meeting of world leaders from business and politics at Davos, Switzerland, Infosys says businesses and economies which adopt artificial intelligence are seeing dramatic growth. 

The IT consulting giant says companies and countries which embrace AI can expect to see revenue rise around 40 per cent by 2020.

Infosys adds that 80 per cent of AI adopters who can replace workers with computer systems are actually planning to retain and retrain their staff.  Continue reading Artificial intelligence driving revenue growth, says Infosys

Chatbot market racing towards $1 billion, says report

robot assistant
Picture: Matthew Hurst

The market for chatbots is on course to reach $1 billion by 2024, according to a new report by Transparency Market Research

Advances in high-end artificial intelligence development is allowing companies to attain a far greater consumer pool than before, says Transparency.

Facebook, Google, and Microsoft were the “clear winners” in the global chabot market in 2015, adds the company.  Continue reading Chatbot market racing towards $1 billion, says report

Denso teams up with Carnegie Mellon to develop artificial intelligence knowledge

carnegie mellon

Industrial robot-making giant Denso to advance artificial intelligence knowledge, signs technical advisory contract with Carnegie Mellon University

In an effort to deepen and advance its knowledge in artificial intelligence, Denso has entered into a technical advisory contract with one of the world’s foremost researchers in computer vision, Carnegie Mellon University Professor Dr Takeo Kanade.

Through this contract, Denso is looking to advance its artificial intelligence technology and expand its engineering expertise in the areas of advanced driver assistance systems (ADAS), autonomous drive, and the Internet of Things (IoT).

Dr Kanade, a UA and Helen Whitaker University Professor of Robotics and Computer Science at Carnegie Mellon, will provide technical guidance to Denso engineers on image recognition and machine learning, and will also speak at lectures and seminars organized by Denso for a variety of purposes, such as recruiting, relationship building, and so on. These activities will be held mostly in Japan.  Continue reading Denso teams up with Carnegie Mellon to develop artificial intelligence knowledge