Robotics & Automation News

Market trends and business perspectives

Archives for February 3, 2023

The Core Concepts of Successful Online Stock Investing

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People who want to invest in stocks now commonly engage in online trading as an alternative option to more old-school methods.

Due to the fact that shares can now be exchanged online, it is a lot easier for those who are just starting out in the world of stock trading to get their feet wet in the sector.

In the following paragraphs, we will discuss the basics of online equities trading, including the advantages, pitfalls, and best practices for achieving financial success through the use of this medium. [Read more…] about The Core Concepts of Successful Online Stock Investing

UPS and Gap units partner to offer ‘unmatched automation and supply chain capabilities’ to apparel merchants

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Two business units from within logistics giant UPS and famous retail brand GAP are combining their expertise to offer “unmatched automation and supply chain capabilities” to apparel and footwear merchants.

The companies say their new offering will enable mall and medium-sized businesses (SMBs) to benefit from capabilities “previously only available to billion-dollar brands”.

Ware2Go, a UPS company, is collaborating with Gap’s GPS Platform Services division that combines Gap’s global supply chain network, customer insights, technical, and digital capabilities with Ware2Go’s cutting-edge supply chain technology. [Read more…] about UPS and Gap units partner to offer ‘unmatched automation and supply chain capabilities’ to apparel merchants

stow Robotics and Phononic collaborate to design cold chain fulfillment solutions

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stow Robotics, the warehouse automation business unit within stow Group, and Phononic, a provider of solid state cooling technology, have formed a strategic alliance to provide cold chain fulfillment solutions that serve the retail grocery industry across North America and Europe.

Combining stow Robotics’ automation expertise with Phononic’s sustainable active cooling technology, the two companies are collaborating to design, develop and scale solutions for cold chain fulfillment, particularly for grocery automated fulfillment centers.

stow Group is one of the leading suppliers of industrial storage solutions. Through stow Robotics, stow Group is implementing warehouse automation for every industrial need with its growing platform of scalable and innovative automated technologies. [Read more…] about stow Robotics and Phononic collaborate to design cold chain fulfillment solutions

Three strikes and you’re out! Humans give up on robots after multiple mistakes

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Humans are less forgiving of robots after multiple mistakes – and the trust is difficult to get back, according to a new University of Michigan study.

Similar to human co-workers, robots can make mistakes that violate a human’s trust in them. When mistakes happen, humans often see robots as less trustworthy, which ultimately decreases their trust in them.

The study examines four strategies that might repair and mitigate the negative impacts of these trust violations. These trust strategies were apologies, denials, explanations and promises on trustworthiness. [Read more…] about Three strikes and you’re out! Humans give up on robots after multiple mistakes

China overtakes USA in robot density

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China’s massive investment in industrial robotics has put the country in the top ranking of robot density, surpassing the United States for the first time, according to a report by the International Federation of Robotics.

The number of operational industrial robots relative to the number of workers hit 322 units per 10,000 employees in the manufacturing industry. Today, China ranks in fifth place.

The world’s top 5 most automated countries in manufacturing 2021 are: South Korea, Singapore, Japan, Germany and China. [Read more…] about China overtakes USA in robot density

Luwu Intelligence launches ‘world’s first’ Raspberry Pi robotic dog with arm

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Luwu, a STEM education technology company focused on the research and development of advanced robotics, has launched XGO 2, an advanced desktop-sized AI quadruped robot with an arm.

This state-of-the-art robot brings a new level of intelligence and functionality to the world of robotics. XGO 2 is now available on Kickstarter: https://www.kickstarter.com/projects/xgorobot/xgo-2-worlds-first-raspberry-pi-robotic-dog-with-an-arm

XGO 2 is an intelligent and agile robotic dog, capable of sophisticated movements, 12 degrees of freedom, and a variety of motions. Its open-source nature allows users of all programming levels to program and customizes it with Blocky and Python. [Read more…] about Luwu Intelligence launches ‘world’s first’ Raspberry Pi robotic dog with arm

Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

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One of the fastest growing companies in the global robotic and digital surgery space, Ronovo Surgical, recently raised new financing to accelerate its vision of broad, cross-specialty adoption of robotic-assisted surgery.

The latest round of financing arms Ronovo with more than $50 million raised since 2020. Led by LongRiver Investments (LRI), this round garnered continued support from existing investors – Lilly Asia Ventures, Vivo Capital, Matrix Partners China and GGV Capital – with CEC Capital acting as exclusive financial advisor.

Exiting stealth mode, Ronovo unveils its inaugural robotic platform – Carina, an innovative modular system built on proprietary technology to enable configurable robotic assistance for laparoscopic surgeries across multiple specialties. [Read more…] about Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

Wandelbots expands no-code solution to US with Yaskawa as early customer

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Wandelbots, the German-based no-code robotics software firm, recently opened a US headquarters in Chicago to expand its global operations and accelerate human-centered robotics solutions in the manufacturing industry.

Its signature software, Wandelbots Teaching, works the same with any robot, allowing users to control various models with no prior programming knowledge.

As the industrial robotics market continues to grow, developers and end users need an easy-to-use platform for robotic automation. [Read more…] about Wandelbots expands no-code solution to US with Yaskawa as early customer

Rapid Robotics and Universal Robots partner to fight labor shortages with fast collaborative robot installations

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Rapid Robotics has formed a new partnership with Universal Robots in which the Danish collaborative robot producer will be supplying collaborative robot arms for Rapid Robotics’ installation of cobot work cells across North America.

As a proven manufacturer of high-quality, versatile robots, Universal Robots will enable Rapid Robotics to serve a greater number of customers and maintain the rapid deployment times they’ve come to expect even as Rapid Robotics continues to expand its national footprint.

Jordan Kretchmer, CEO and co-founder of Rapid Robotics, says: “As the number of unfilled, critical manufacturing roles increases and global economic uncertainty continues to impact supply chains, more and more North American manufacturers are turning to automation. [Read more…] about Rapid Robotics and Universal Robots partner to fight labor shortages with fast collaborative robot installations