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Robot Operating System market forecast to expand almost 9 per cent a year because of its ‘user friendly nature’

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The global market based on the Robot Operating System is likely to grow at an “exponential rate”, according to the report by Transparency Market Research, which estimates the expansion to be almost 9 percent to more than $400 million by 2026. 

The researcher says the success will be because of ROS’ “user-friendly nature”, which may or may not have accounted for the success of open-source software in general.

ROS, which itself is open source, is not actually an operating system, it’s what’s called “middleware”, which acts as a bridge between the actual operating system and the applications.  [Read more…] about Robot Operating System market forecast to expand almost 9 per cent a year because of its ‘user friendly nature’

Alibaba and Cainiao open China’s ‘largest’ robot-operated warehouse

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Supply chain robotics company Cainiao has installed 700 robots at China’s largest robot-run warehouse to process orders on Singles Day, according to a report on CNBC. 

The warehouse, located in Wuxi, near Shanghai, is owned by e-commerce giant Alibaba, which is also majority-owner of Cainiao, and Singles Day is said to generate more than $25 billion in sales.

CNBC reports that last year, on Singles Day – November 11, Cainiao processed over 800 million packages, and this year, Alibaba expects that figure to surpass 1 billion.  [Read more…] about Alibaba and Cainiao open China’s ‘largest’ robot-operated warehouse

China-US trade dispute causing industrial robot makers to forecast lower earnings

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The ongoing trade dispute between China and the US has caused three of the world’s largest industrial robot makers to lower their earnings forecasts, according to a report on Nikkei.

Yaskawa, Kuka, and Fanuc have all “downgraded their full-year earnings forecasts”, reports Nikkei.

Fanuc predicts net profit of $1.26 billion for the year ending March 2019, which is approximately $26 million lower than its previous forecast.  [Read more…] about China-US trade dispute causing industrial robot makers to forecast lower earnings

Automotive robotics market to surpass $14 billion by 2026

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The automotive robotics market is anticipated to reach over $14 billion by 2026 according to a new research published by Polaris Market Research.

In 2017, the articulated robots dominated the global automotive robotics market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global automotive robotics market revenue in 2017.

There has been an increase in the demand of automotive robotics across the world owing to greater need for automation of manufacturing processes.  [Read more…] about Automotive robotics market to surpass $14 billion by 2026

Christie’s sells painting produced by AI for almost half a million dollars

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World-famous auction house Christie’s in New York has sold a painting produced by an artificial intelligence system for almost half a million dollars. 

The shock price is almost 45 times the $10,000 upper estimate the auctioneer had placed on the painting before the sale, as reported on this website.

The painting, called “Portrait of Edmond Belamy”, sold for “an incredible $432,500”, in Christie’s own words on its website.  [Read more…] about Christie’s sells painting produced by AI for almost half a million dollars

Norway postal service hires robot to deliver letters

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The Norwegian postal service. Posten-Norge, has hired a robot to deliver letters and parcels.

The company supplying the robot, Buddy Mobility, says: “Our robot provides Posten with operational cost savings to offset revenue losses from dramatically decreasing mail volumes.

“At the same time, the robot offers new revenue streams around package and parcel delivery.”  [Read more…] about Norway postal service hires robot to deliver letters

Fast-growing exoskeleton market set to exceed $5 billion in annual revenue, says report

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The fast-growing exoskeleton market is forecast to exceed $5 billion in annual revenue over the next 10 years, according to consultants at ABI Research.

Across a range of applications, exoskeletons are increasingly being introduced to augment human capability; for assistive purposes in the workplace, and for enabling and rehabilitative purposes for the healthcare market.

Though a technology that has been talked about since the Sixties, exoskeletons are only now beginning to demonstrate their practical value. As of 2018, global shipments stand at 7 thousand units with a global hardware revenue of $192 million.  [Read more…] about Fast-growing exoskeleton market set to exceed $5 billion in annual revenue, says report

Christie’s in New York to auction painting produced by artificial intelligence for around $10,000

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A painting produced by artificial intelligence will be auctioned by Christie’s in an auction tomorrow – Thursday, 25th October 2018 – in New York.

The portrait, called Edmond de Belamy (main picture), is believed to be the first piece of AI art to go under the hammer at a major auction house and is created by French art collective “Obvious”.

The AI system compares its own portraits against ones made by human artists and works on them until it is unable to tell the difference between the two.  [Read more…] about Christie’s in New York to auction painting produced by artificial intelligence for around $10,000

Swisslog and Savioke introduce new autonomous service robot to healthcare industry

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Swisslog Healthcare, in conjunction with robotics company, Savioke, have launched Relay robot, a new autonomous service robot for application in healthcare settings.

Initially deployed for pharmacy and laboratory pick-up and delivery, the Relay robot helps hospitals optimize labor productivity.

Cory Kwarta, North America president, Swisslog Healthcare, says: “Today’s healthcare environment challenges nurses, lab techs, and pharmacists to decide how they spend their valuable time.  [Read more…] about Swisslog and Savioke introduce new autonomous service robot to healthcare industry

GreyOrange to install ‘advanced’ sorters across Asia in anticipation of world’s busiest shopping days

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GreyOrange Robotics says it is installing advanced sorters across Asia, from Saudi Arabia to the Philippines, ahead of world’s busiest shopping days.

New installations of sortation systems in Riyadh, Mumbai and Manila to manage large surge in volumes for Singles Day, Black Friday and Cyber Monday.

GreyOrange, a specialist robotics and warehouse automation company, plans the installations of its newest Linear Sorters in several locations across Asia; in Saudi Arabia, India and the Philippines.  [Read more…] about GreyOrange to install ‘advanced’ sorters across Asia in anticipation of world’s busiest shopping days