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Renault Group invests in ‘humanoid robot’ maker Wandercraft

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Renault Group has made a minority investment in Wandercraft, which is said to be “the first company to develop, manufacture and market medical self-balancing exoskeletons”.

Building on its strong expertise in powerful and reliable exoskeletons, Wandercraft has developed an advanced platform for uses such as manufacturing.

Moreover, Wandercraft describes its exoskeleton as a “humanoid robot”, and the (main) picture supplied with the press release shows the exoskeleton apparently working alone in a warehouse of some sort. [Read more…] about Renault Group invests in ‘humanoid robot’ maker Wandercraft

Why Rockwell Automation’s share price has surged more than 30 percent since April

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Earnings surprise, strategic loans, and smart manufacturing innovations fuel investor confidence

Since hitting a low point in early April 2025, Rockwell Automation’s share price has surged more than 30 percent, reaching new highs and catching the attention of analysts and institutional investors.

The rally comes on the back of a strong earnings report, a major financing move, and a series of product announcements that reinforce the company’s position at the forefront of industrial digital transformation. [Read more…] about Why Rockwell Automation’s share price has surged more than 30 percent since April

Dubai-based robotics company Micropolis plots growth course after its NYSE debut

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Over two months after its March 7, 2025 debut on the NYSE American exchange (MCRP), Dubai-based robotics company Micropolis is focused on translating its autonomous robotics innovations into commercial success.

The firm, specializing in smart city robots, raised $15.5 million in its IPO and currently holds a market capitalization of approximately $76 million as of mid-May 2025.

Now, the challenge lies in scaling operations and achieving profitability. [Read more…] about Dubai-based robotics company Micropolis plots growth course after its NYSE debut

The Future of Banking: Automation, AI, and Personalized Finance

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When was the last time you walked into a bank? For most people, the answer is “I can’t even remember.” Gone are the days of waiting in line to deposit checks or apply for loans.

Everything happens on our phones now. With a few taps, you can transfer money, check your balance, or even invest in stocks. Banking has gone digital, and it’s not slowing down.

The real shift isn’t just about moving online – it’s about how banks operate. Automation, artificial intelligence (AI), and hyper-personalized finance are reshaping everything from loan approvals to customer service. [Read more…] about The Future of Banking: Automation, AI, and Personalized Finance

MassVentures to award $4.5 million in grant funding to 26 ‘deep tech’ startups

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‘START Grants’ help Massachusetts-based Companies Convert Federally Funded Research into new Businesses and Jobs.

The Massachusetts Executive Office of Economic Development and MassVentures has announced that 26 companies will receive $4.5 million in grant funding through MassVentures’ SBIR Targeted Technologies (START) Grant Program.

Launched in 2012, the program helps startups convert research developed under SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) contracts into viable businesses and jobs in Massachusetts.

This year, MassVentures expanded the program by increasing the number of grants awarded from 17 to 25 and awarding an additional $1.5 million. [Read more…] about MassVentures to award $4.5 million in grant funding to 26 ‘deep tech’ startups

Bosch Rexroth sees sales fall almost 14 percent in ‘challenging’ year

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Bosch Rexroth reported a 13.6 percent drop in sales for 2024, generating €6.5 billion, as weak global demand weighed on performance. Order intake also declined by 4.9 percent to €6.1 billion.

Dr Steffen Haack, CEO of Bosch Rexroth, says: “2024 was a challenging year, as expected. We are currently seeing that the situation is stabilizing and are already working on being prepared for when the business picks up.

“We are looking ahead and want to emerge from this phase stronger than before in order to remain successful even in a difficult environment.” [Read more…] about Bosch Rexroth sees sales fall almost 14 percent in ‘challenging’ year

Kuka sinks into the red with €43.5 million loss, triggering leadership change and strategic shift

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Automation giant struggles with economic turbulence and intensifying competition, as new leadership prepares to chart a course beyond the era of ‘easy’ automation

Kuka, one of the world’s oldest robotics and automation companies, established in Germany in 1898, has reported a sharp decline in both revenue and earnings for 2024, marking a turbulent year of transition. 

The Augsburg-based firm closed the year with a €43.5 million net loss (listed in the annual report as “earnings after taxes and after loss from discontinued operations”), which is down from a €85.6 million profit in 2023, even as it reported record-high free cash flow and a growing backlog of orders.

The company also confirmed a leadership change, with CEO Peter Mohnen stepping down, to be replaced by Christoph Schell. Mohnen’s departure caps a year in which Kuka launched a new digital division, faced tough economic conditions, and found itself under intensifying competitive pressure in core markets like intralogistics and automotive automation. [Read more…] about Kuka sinks into the red with €43.5 million loss, triggering leadership change and strategic shift

ABB financials and spin-offs: What’s behind the sharp drop in share price?

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ABB’s share price just a month ago was above CHF 50 (which converts to slightly more than $60). In the past few days, it’s fallen to below CHF 40. The company is listed on the SIX Swiss Exchange, trading under the ticker symbol ABBN.

While the sudden decline may appear alarming, it’s important to consider the broader context. ABB’s stock has more than doubled over the past five years, indicating strong long-term investor confidence in the Swiss engineering giant.

The recent dip may reflect short-term uncertainty rather than a fundamental problem with the company’s business model or product offerings. [Read more…] about ABB financials and spin-offs: What’s behind the sharp drop in share price?

GE Aerospace: How the spin-off and manufacturing strategy are shaping its stock performance

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General Electric’s historic transformation reached a major milestone in April 2024, when the company completed the spin-off of its energy businesses into a new company called GE Vernova.

The remaining aviation-focused company, GE Aerospace, retained the iconic “GE” ticker symbol on the New York Stock Exchange.

At the time of the spin-off, GE Aerospace opened trading at around $136 per share. Since then, the stock has performed strongly, climbing nearly 50% to trade at approximately $200 as of late April 2025. [Read more…] about GE Aerospace: How the spin-off and manufacturing strategy are shaping its stock performance