Market trends and business perspectives
From retail to manufacturing to flying, AI is everywhere, and the trading industry is no exception.
The financial services industry was one of the first to adopt AI in the early 80s and automated trading systems (ATS) now account for almost 85% of all trading in the US.
Globally, the market size is expected to reach over $18 billion by 2024. [Read more…] about How has AI changed the trading industry?
Micron Technology, a provider of memory and storage solutions, has launched its UV Robot Design Challenge.
The company says the competition is designed to address the growing need for reliable, low-cost ultraviolet light robotic solutions that can help automate disinfection and potentially combat the spread of Covid-19 and other diseases.
UV germicidal irradiation has been shown to destroy the RNA in viruses and can help mitigate the transmission of microbes, which can remain active on surfaces for prolonged periods of time. [Read more…] about Micron launches robot design challenge
Hitachi Elevator Asia has been awarded the contract for the supply and installation of 300 lifts by the Housing & Development Board of Singapore.
This is the largest single order for the Hitachi group’s lifts and escalators business in Singapore.
Hitachi Elevator Asia will see the supply, delivery and installation of the 300 lifts at HDB blocks. [Read more…] about Hitachi awarded its ‘largest order’ to install 300 lifts at Singapore apartments
Siemens has acquired Swedish service and software company Vizendo, a provider of virtual operator training for automotive manufacturing.
Virtual training enables industrial companies to reduce their training times and launch new products faster and in higher quality.
Karen Florschütz, CEO of the customer services business unit at Siemens, says: “Virtual training has huge growth potential. Vizendo’s service and software range ideally complements our digital services and thus our Digital Enterprise portfolio. [Read more…] about Siemens acquires provider of virtual training for industrial companies Vizendo
Delta Electronics is to acquire 100 percent of the shares of Trihedral Engineering, a Canadian SCADA and IIoT software company, for more than $33 million.
The acquisition will unite Delta’s hardware and Trihedral’s software in the rapidly growing field of automation, AI, and data analytics.
Delta says the initiative will further strengthen its sales expansion in various fields such as industrial automation for smart manufacturing. [Read more…] about Delta acquires industrial automation software company Trihedral
Mitsubishi Electric says it has developed a cooperative artificial intelligence technology that it says “enhances work collaboration between humans and machines”.
The system uses something Mitsubishi calls “inverse reinforcement learning”, or IRL, to learn and imitate the actions of skilled workers.
IRL, one of the key features of Mitsubishi Electric’s “Maisart AI” technology, enables machines to imitate human-like actions based on relatively small amounts of data. [Read more…] about Mitsubishi Electric develops ‘co-operative AI’ for human-machine work
The boffins say that the secret is ‘foreign atoms in the oxide layer’ which have so far gone unnoticed by experts
Scientists and researchers from the materials science-oriented technology group Heraeus and the Jülich Aachen Research Alliance have developed what they describe as “artificial synapses” similar to the ones found in the human brain.
The collective of brainboxes say that their discovery could be useful in the development of branches of artificial intelligence, such as machine learning and deep learning.
The boffins discovered how the switching properties of artificial synapses can be specifically influenced. [Read more…] about Heraeus and Aachen University develop ‘fastest-ever’ artificial synapses
When there’s a Covid-19 vaccine, we’ll all want one fast. Here’s how Honeywell says digital tools can help speed up the process…
The coronavirus pandemic has demonstrated the need to develop a vaccine as quickly as possible.
The typical vaccine development and production process depends on how the vaccine is created, with the manufacturing process taking anywhere from several days to several weeks for a single batch.
As the coronavirus spreads around the world, the urgency of being able to scale up a vaccine is even more critical. [Read more…] about How automation can help fast track a vaccine
Rolling stock manufacturer Alstom is to trial what could be described as “fully driverless trains” in Germany.
The company has going ahead with a test project to implement Automatic Train Operation technology in the daily passenger operation of regional trains.
The project will begin in 2021 in partnership with the Regional Association of the greater area of Braunschweig, the German Aerospace Center (DLR) and the Technical University of Berlin (TU Berlin). [Read more…] about Alstom to test fully driverless trains in Germany
Higher levels of automation is the “obvious answer” to the challenges brought about by the disruption to the e-grocery supply chain, according to warehouse robots maker Swisslog.
The company says Covid-19 is “accelerating changes to e-grocery fulfillment”.
After years of relatively stagnant demand, e-grocery services started to ramp up in 2019 and analysts were predicting significant growth in 2020. [Read more…] about Automation is the ‘obvious answer’ to coronavirus disruption to e-grocery supply chain, says Swisslog
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