Rewired launches $100 million robotics-focused venture studio and fund

Investments will focus on applied science and technologies that advance machine perception and unlock the next-generation of smart robotics

Rewired has launched a robotics venture studio and fund. To start with, the company is investing $100 million in applied science and technologies that advance machine perception. 

Rewired says its initial proposition is that improving machine perception will unlock the next generation of smart robotics.

To that end, the company is focusing on the sensors, software, and systems that help autonomous machines to interact with unpredictable environments and collaborate with humans.  Continue reading Rewired launches $100 million robotics-focused venture studio and fund

Global agriculture robots market driven by ‘high population growth and food shortages’

The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report. 

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period.  Continue reading Global agriculture robots market driven by ‘high population growth and food shortages’

ABB’s YuMi collaborative robot rings opening bell at Nasdaq stock market

Collaborative robot YuMi was the – arguably oblivious – guest of Robo Global, creator of the world’s first robotics and automaton investor index series

ABB’s YuMi dual-arm, collaborative robot rang the opening bell today at the Nasdaq MarketSite Studio in Times Square in New York City to start the trading day.

YuMi was a guest of Robo Global, which offers The Robo Global Robotics and Automation Index Series, the world’s first benchmark index series to track the global robotics and automation market.

Greg Scheu, president of the Americas region for ABB, joined YuMi and Robo Global executives at the podium for the ceremony.  Continue reading ABB’s YuMi collaborative robot rings opening bell at Nasdaq stock market

Worldwide sales of Toyota hybrids surpass 10 million units

toyota china motor show

In the footsteps of the iconic Prius that started it all, Toyota now sells 34 different hybrid models in more than 90 countries and regions across the globe

Toyota says it has reached cumulative global hybrid vehicle sales of 10.05 million units as of January 31, surpassing the 10 million unit mark.

More than a numerical milestone, Toyota says this demonstrates the staying power of a technology that is now emerging as a mainstream solution to reduce greenhouse gas emissions and other pollutants.

Helping to mitigate the environmental effects of automobiles has long been a priority for Toyota, claims the company in a statement.  Continue reading Worldwide sales of Toyota hybrids surpass 10 million units

Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

nairobi tower kenya crop

Despite headwinds in the global economy, internationalisation will continue to drive the growth of companies in the engineering consultancy sector as infrastructure demand remains strong globally.

Meinhardt Group, a global engineering, planning and management firm, is working closely with International Enterprise Singapore, the government agency partnering Singapore companies in going global, on its expansion strategy to Africa and the Middle East.

This includes the company’s recent acquisition of African engineering consultancy to gain in-roads into East Africa.  Continue reading Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

IoT ‘transforming’ industrial robotics market, says report

industrial robots

Sharmila Annaswamy, industrial automation and process control research analyst at Frost & Sullivan, provides an exclusive insight of the impact of industrial robots on manufacturing and how the IoT is changing everything 

During the last decade, the advent of robotics has phenomenally transformed the industrial sector in terms of manufacturing capability.

They are traditionally used to carry out tasks that are complex, repetitive or hazardous to enhance productivity, quality and reduce operational costs for the manufacturers.

However, the industrial robotics market is going through a phase of transformation driven by Industrial Internet of Things.

But the challenges in integrating and programming them restrain their widespread application across verticals. Continue reading IoT ‘transforming’ industrial robotics market, says report

Global collaborative robotics market forecast to grow to $95 billion in seven years

The worldwide collaborative robot market is expected to be worth $95 billion by 2024, according to a new report by Transparency Market Research.

Companies in the global collaborative robot market are focused on the acquisition of smaller and local automation companies to expand their operations, says Transparency.

Leading companies such as ABB, Kuka, Kawasaki Heavy Industries, and Robert Bosch are expected to launch products in the coming years to fulfil the requirement of their clientele in the several end-user industries.  Continue reading Global collaborative robotics market forecast to grow to $95 billion in seven years

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

ABB to invest $90 million in new research centre in Canada

abb montreal

Engineering giant ABB is to invest another $90 million into a research and development centre in Canada. 

The Swiss company, which also is one of the world’s biggest industrial robot manufacturers, is to establish its new North American research and development facility in Montréal.

As a result of the investment, Canadians will develop next-generation solutions for electric vehicles, says the government in a statement. Continue reading ABB to invest $90 million in new research centre in Canada

Rethink Robotics raises $18 million in new funding

scott eckert, sawyer robot
Scott Eckert with Sawyer, Rethink Robotics’ new collaborative industrial robot

Rethink Robotics, maker of the Baxter and Sawyer industrial robots, says it has raised new funds for global expansion and new product development  

Rethink Robotics has raised $18 million in new funding as part of its Series E financing round.

The new round includes funding from leading asset manager and private equity investment firm, Adveq, as well as contributions from all previous investors, including Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, DFJ, Two Sigma Ventures, GE Ventures and Goldman Sachs.

The funding will support Rethink’s global expansion initiatives and new product development, says the company.  Continue reading Rethink Robotics raises $18 million in new funding

Industrial internet: Hannover Messe increases activity in industrial automation markets around the world

hannover messe

Get your complementary ticket to Hannover Messe 2017

Whether it is referred to as the Industrial Internet or Industrie 4.0, digitalization is currently on the agenda in every major economy.

The approaches taken and the expectations raised are very different, as two new studies demonstrate.

“Around the world, digitalization of the economy is being approached from different angles,” explains Acatech president Henning Kagermann in the preface to the new Huawei survey, An International Comparison of Industrie 4.0Continue reading Industrial internet: Hannover Messe increases activity in industrial automation markets around the world

IoT Tech Expo Global 2017 lines up keynote speakers

iot tech expo global 2017

The IoT Tech Expo Global conference has announced keynote speakers for the upcoming global event in London 2017. 

Taking place on January 23-24th at the Olympia venue, the event will feature keynote speakers from the likes of Shell, Rolls-Royce, SSE, Maersk, Thyssenkrupp, Sky, Nest, Ford, Heathrow Airport and more.

The two-day event will cover a range of industries from manufacturing to healthcare, transportation to government, logistics to retail, with a total of 7 conference tracks covering the entire Internet of Things ecosystem.  Continue reading IoT Tech Expo Global 2017 lines up keynote speakers

ISO and SAE to develop technical standards for intelligent transport and vehicle systems

An illustration of an intelligent transport system which integrates road vehicles. Picture courtesy of Nissan
An illustration of an intelligent transport system which integrates road vehicles. Picture courtesy of Nissan

The International Standards Organisation and SAE International, the engineers’ association, have entered a “pilot agreement” for the joint development of new technical standards and harmonization of existing standards. 

The new Partnership Standards Development Organization (PSDO) cooperation agreement will apply in two areas, Road Vehicles (ISO TC22) and Intelligent Transportation Systems (ISO TC204).

David Schutt, CEO of SAE International, says: “This important agreement is a response to the transformational changes taking place in many global industries, including mobility engineering. Increasing technological complexity must be addressed through collaborative efforts in standardization to avoid duplication and reduce cost across the global network of automotive business partners.  Continue reading ISO and SAE to develop technical standards for intelligent transport and vehicle systems

BMW to start research with IBM Watson artificial intelligence system

Auto giant to locate research team at IBM’s Munich Watson IoT HQ, as computing colossus explores conversational interfaces in BMW i8 hybrid sports cars

IBM has entered into a new collaboration with the BMW Group, through which the companies will work together to explore the role of Watson cognitive computing in personalizing the driving experience and creating more intuitive driver support systems for cars of the future.

As part of the agreement, the BMW Group will collocate a team of researchers at IBM’s global headquarters for Watson Internet of Things (IoT) in Munich, Germany and the companies will work together explore how to improve intelligent assistant functions for drivers.

IBM recently pledged to invest $200 million to make its new Munich center one of the world’s most advanced facilities for collaborative innovation as part of a global investment of $3 billion to bring Watson cognitive computing to the Internet of Things.  Continue reading BMW to start research with IBM Watson artificial intelligence system

Industrial automation market forecast to grow to more than $350 billion by 2024

The global market for industrial automation will grow to beyond $350 billion by 2024, according to a new report.

The European share of the global market will reach 30 per cent, says the study by  Transparency Market Research.

Transparency Market Research adds that the global industrial automation market is highly fragmented due to the presence of several players in the market. The top four players with a strong foothold in the global market held a share of 12.2 per cent in 2015.  Continue reading Industrial automation market forecast to grow to more than $350 billion by 2024