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

Software developer and integrator Universal Logic receives order for 60 Yaskawa Neocortex AI robotic work cells

An industrial technology integrator called Universal Logic says it has receieved a large order for 60 of its specially designed robotic work cells. 

The company has developed a software-intense work cell which it calls Neocortex, aimed at supply chains and logistics operations which require automated material handling systems for high-mix, high volume applications.

Universal Logic’s Neocortex Goods to Robot Cells for automated order fulfillment of consumer goods have now been ordered by an undisclosed customer, who wants 60 complete cells for their order fulfillment of consumer goods.  Continue reading Software developer and integrator Universal Logic receives order for 60 Yaskawa Neocortex AI robotic work cells

Effects of artificial intelligence will surpass the industrial revolution, says SoftBank CEO

The chief executive of telecommunications giant SoftBank says the effects of artificial intelligence will take the world much further and have a more profound effect than even the industrial revolution. 

Masayoshi_Son
An old picture of Masayoshi Son, courtesy of Wikipedia

In an article accompanying a special edition of the CBS news magazine 60 Minutes, SoftBank CEO Masayoshi Son was quoted as saying the new “information revolution” is being partly driven by data collected through billions of sensors.

SoftBank has been buying up a variety of AI and robotics startups, most recently a company called Nauto, which is developing systems for driverless cars.

At the root of the technology, Son says, are microprocessors and microcontrollers. “Those who rule chips will rule the entire world,” he said. “Those who rule data will rule the entire world. That’s what people of the future will say.”

Growing market for advanced driver assistance systems brings big bucks for Bosch

dirk hoheisel
Dirk Hoheisel, Bosch board member responsible for mobility solutions, making his presentation

The demand for advanced driver assistance systems is surging, according to Bosch, which says it pocketed almost $4 billion last year from supplying the technology. 

The company is developing a range of hardware and software solutions for what it calls automated driving, and one of them is an onboard artificial intelligence-driven computer, which will go into production within the next few years.

ADAS is often seen as autonomous – or driverless – car technology, except it’s integrated into cars already being purchased in large numbers today.  Continue reading Growing market for advanced driver assistance systems brings big bucks for Bosch

Chinese e-commerce giant starts delivering orders using robots

jd robot

One of China’s largest online shopping companies has started to deliver goods to its customers using robots, according to a report in QZ.com

The four-wheeled autonomous vehicle (pictured above) is about the size of a washing machine and was developed by Jingdong, or JD.com as it’s also known in China.

And although the robot was used for the first time earlier this week, JD’s chairman, Liu Qiangdong, says the company could completely roboticise its entire logistics process within a few years.

The company already uses small autonomous vehicles in its logistics warehouses to move goods around (pictured below).  Continue reading Chinese e-commerce giant starts delivering orders using robots

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

physee window

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

Boeing to test self-flying plane technology next year

Jason Clark, Vice President of Boeing 777 and 777X Operations, points to a model during a media tour of the 777 Wing Horizontal Build Line at Boeing's production facility in Everett, Washington, US. June 1, 2017. Reuters / Jason Redmond
Jason Clark, vice president of Boeing 777 and 777X operations, points to a model during a media tour of the 777 wing horizontal build line at Boeing’s production facility in Everett, Washington, US. June 1, 2017. Reuters / Jason Redmond

By Alwyn Scott, Reuters

Boeing is looking ahead to a brave new world where jetliners fly without pilots and aims to test some of the technology next year, the world’s biggest plane maker said in a briefing ahead of the Paris Airshow.

The idea may seem far-fetched but with self-flying drones available for less than $1,000, “the basic building blocks of the technology clearly are available”, said Mike Sinnett, Boeing’s vice president of product development.

Jetliners can already take off, cruise and land using their onboard flight computers and the number of pilots on a standard passenger plane has dropped to two from three over the years.  Continue reading Boeing to test self-flying plane technology next year

ABB and IBM form industrial artificial intelligence partnership

ABB and IBM have formed a strategic collaboration that brings together ABB’s industrial digital offering, ABB Ability, with IBM Watson Internet of Things cognitive capabilities to “unlock new value for customers in utilities, industry, transport and infrastructure”, according to the two supersized tech companies. 

Customers will be provided access to ABB’s domain knowledge and portfolio of digital solutions combined with IBM’s expertise in artificial intelligence and machine learning as well as different industry verticals.

The first two joint industry solutions powered by ABB Ability and Watson will bring real-time cognitive insights to the factory floor and smart grids.  Continue reading ABB and IBM form industrial artificial intelligence partnership

Job-stealing robots a growing concern for world leaders

A “RoboThespian” humanoid robot at the Tami Intelligence Technology stall at the World Robot Conference in Beijing, China. Picture: Reuters
A “RoboThespian” humanoid robot at the Tami Intelligence Technology stall at the World Robot Conference in Beijing, China. Picture: Reuters

By Martinne Geller and Ben Hirschler, Reuters

Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.

And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to jobs needs to be addressed more seriously.

From taxi drivers to healthcare professionals, technologies such as robotics, driverless cars, artificial intelligence and 3D printing mean more and more types of jobs are at risk.  Continue reading Job-stealing robots a growing concern for world leaders

Artificial intelligence takes centre stage at World Economic Forum

Sergey Brin, co-founder of Google, at Davos 2017
Sergey Brin, co-founder of Google, at Davos 2017

In a number of talks and statements at this year’s World Economic Forum, held in Davos, Switzerland, artificial intelligence has been taking centre stage, with many saying that while no one really knows the limit of the technology, it has already had profound effects on business and society.

One of Google’s original founders, Sergey Brin, said he looked at AI a few years back, and didn’t really know AI would develop to the extent it has done.

“I didn’t pay attention to it at all, to be perfectly honest,” he said in a discussion at WEF. “Having been trained as a computer scientist in the 90s, everybody knew that AI didn’t work. People tried it, they tried neural nets and none of it worked.”  Continue reading Artificial intelligence takes centre stage at World Economic Forum

Tiny chip capable of running deep neural networks could accelerate robotics development

movidius

One of the challenges in robotics development is the fact that the computer processing required is just massive, often too much for a complex machine to handle onboard without packing very large pieces of hardware. 

One way around it has been to connect the robots up to cloud computing systems which run such things as neural networks and can remotely process data – but this is inefficient and slow.

Even if takes a few seconds to process massive quantities of data, those seconds are just too much time wasted for a machine such, for example, an autonomous car on the move – these things need to be instantaneous.  Continue reading Tiny chip capable of running deep neural networks could accelerate robotics development

Smart trash bin automatically separates and sorts out rubbish

bin-e intelligent trash can

It probably looks more stylish than your average bin, and it’s definitely a whole lot smarter. 

What’s being described at the world’s first smart trash can is being developed in Poland.

Its makers, at a company called Bin-e, say the “intelligent bin” will not only facilitate work in an ecologically friendly environment but also allow us to save time devoted to garbage segregation at work.  Continue reading Smart trash bin automatically separates and sorts out rubbish

Obama warns of divisiveness of automation technology

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US President Barack Obama making his farewell speech. Image: White House

In his farewell address to the nation, US President Barack Obama warned of the dangers of automation technology. 

Obama said: “The next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good, middle-class jobs obsolete.”

The Obama administration has been looking the whole issue of robotics, automation and artificial intelligence, and consulting on the possible impact of those technologies on the US economy.  Continue reading Obama warns of divisiveness of automation technology

China tech leaders claim 90 per cent of jobs could be replaced by AI

cite image
The human-robot joint press conference held by Cite

Tech leaders in China believe 90 per cent of jobs in some sectors of the economy could be replaced with artificial intelligence systems. 

Speaking at a press conference ahead of the China Information Technology Expo, the experts said AI will be the main theme of this year’s event.

Cite 2017 will be held from April 9 to 11, 2017. Organisers held a press conference in Las Vegas, Nevada recently, at which they showcased the rising Chinese firms that will “lead the way” in the fields of AI, virtual reality and intelligent robots, the three themes that they expect will generate the most buzz at this year’s exhibition.  Continue reading China tech leaders claim 90 per cent of jobs could be replaced by AI

Toyota shows off futuristic Concept-i vehicle featuring AI that learns from driver

toyota concept-i
The Toyota Concept-i features AI which anticipates the driver’s needs, says the company

Toyota has demonstrated a concept vehicle which features artificial intelligence that “grows with the driver”. 

The appropriately named Concept-i is said to offer an “immersive” AI system which anticipates drivers’ requirements and “inspires their imaginations and improves their lives”.

The AI system is nicknamed “Yui” and is likely to feature in Toyota’s other cars going forward.  Continue reading Toyota shows off futuristic Concept-i vehicle featuring AI that learns from driver