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Simbe Robotics adds RFID and machine learning capabilities to Tally robot

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Simbe Robotics has integrated Radio Frequency Identification (RFID) and Machine Learning technology to enable its autonomous inventory robot, Tally, to capture in-store data on all RFID-tagged merchandise, from apparel to electronics, sporting goods to home decor.

In addition to its pre-existing computer vision abilities, Tally now captures over 700 RFID product tags per second with higher than 99% accuracy.

This frees shop workers from using handheld scanning devices and provides retailers with real-time insight into product availability and placement.

[Read more…] about Simbe Robotics adds RFID and machine learning capabilities to Tally robot

Autonomous truck startup raises $30 million

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Autonomous truck startup Embark has raised $30 million in new funding, bring the total to $47 million, according to a report on the Forbes website. 

The company recently completed a US coast-to-coast test run of its driverless truck. Towards the end of last year, the company also partnered with Frigidaire, and Ryder, on a pilot test.

The market for autonomous trucks is believed to be potentially huge, and many companies are developing the technology (see our feature). [Read more…] about Autonomous truck startup raises $30 million

Market briefing: Performance of engineering and machinery stocks

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In this commentary, Stock Trader Report provides insight into recent movements in share prices of some engineering and machinery companies 

On Thursday, July 19, 2018, US markets saw five out of nine sectors finishing the day in red and four in green.

Benchmark US indices were bearish at the end of the previous day’s session:

  • Nasdaq Composite down 0.37% closing at 7,825.30;
  • the Dow Jones Industrial Average 0.53% lower, finishing at 25,064.50;
  • and the S&P 500 ending at 2,804.49, down 0.40%.

Before the market opening today – July 20 – StockTraderReport.com scans the performance of the following four diversified engineering and machinery stocks:

  • ABB (NYSE: ABB);
  • Ametek (NYSE: AME);
  • Actuant (NYSE: ATU); and
  • Colfax (NYSE: CFX).

More detailed information about these and other companies can be found on the Stock Trader Report website, and the company is offering a free limited time offer.  [Read more…] about Market briefing: Performance of engineering and machinery stocks

Collaborative robotics evolving into billion-dollar market

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Cognitive systems are fueling the future of the robotics industry, while the collaborative robotics sector is “morphing into a billion-dollar market”, according to ABI Research.

There is a growing interest within the robotics industry as to the benefits of cognitive systems and how they can improve robotic solutions, both in the incremental sense of improving productivity and the strategic sense of adding entirely new capabilities that broaden the use-cases for robotics in the traditional parameters of the industry and beyond.

The innate value of cognitive systems run concomitant to the development of collaborative robotics, says ABI, which provides strategic guidance on transformative technologies.  [Read more…] about Collaborative robotics evolving into billion-dollar market

Zhen Robotics develops mobile delivery robot e-commerce in China

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A company called Zhen Robotics has unveiled a small, wheeled autonomous robot that can be used to make deliveries of packages to the home. (Main picture and video below.)

The vehicle, which is about the size of a small suitcase, is called “Little Yellow Horse”, and is developed with the backing of the Federal Institute of Technology in Zurich, Switzerland, Imperial College in London, UK, Tsinghua University, in China, and Alibaba, the well-known e-commerce giant.

Zhen Robot describes itself as an artificial intelligence company which develops such things as precision navigation technology for robots, intelligent control technology, and environmental modeling technology, which refers to deep learning methods for identifying pedestrians and dangerous objects to enable robots to safely avoids obstacles.  [Read more…] about Zhen Robotics develops mobile delivery robot e-commerce in China

HRG takes initiative in recruiting talent for robotics development

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It might sound strange to some people but some Chinese companies have difficulties finding enough skilled workers for certain jobs.

You might expect that would not affect manufacturing because many jobs in the sector may require minimal training.

But, in fact, many jobs in manufacturing involve complex tasks which often require learning new skills and thorough training.  [Read more…] about HRG takes initiative in recruiting talent for robotics development

Exechon finds new customer for XMini industrial robot

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Exechon Enterprises – a joint venture comprising of Lockheed Martin, Injaz National, and Tecgrant AB – has sold an XMini industrial robotic manufacturing tool to Refco Metals, a UAE-based manufacturer of aluminum assemblies for luxury automobiles.

Shafik Nasser, chairman of Exechon Enterprises, says: “Today’s automotive industry moves fast and requires parts made to the most exacting specifications.

“The XMini creates complex, high-precision parts while streamlining production and lowering costs, making it the perfect partner in a modern manufacturing environment.”  [Read more…] about Exechon finds new customer for XMini industrial robot

Westworld: Second season of epic sci-fi robot show ends run

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A look back at the second season of Westworld, which recently ended its run on HBO

There are so many amazing stills from Westworld that it was difficult to choose one as the featured image for this article. 

In the end, I chose what I think is the creepiest, but there are just so many creepy and bothersome things in Westworld, that I can only point you to the other images in this article and let you decide if I made a good choice or not.

And certainly I would suggest you watch the show if you’ve ever been a fan of TV.

Westworld is by far the most terrific television series ever. Maybe that’s an exaggeration but I haven’t watched much TV in years because nothing else intrigued me enough to spend as much time as I have watching this show and a few others as part of my job here at Robotics and Automation News.  [Read more…] about Westworld: Second season of epic sci-fi robot show ends run

Updating our understanding of the power of artificial intelligence

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A look ahead to the AI in Finance Summit, organized by Re-Work

Some of the predictions made about the projected effects of artificial intelligence on the financial sector are simply staggering. 

AI is expected to generate additional revenues of anywhere between $500 billion and near-enough $1 trillion to the global economy, according to various forecasts.

For specific details on exactly how AI is being applied by individual companies, one can look at the information provided by the Re-Work organization.  [Read more…] about Updating our understanding of the power of artificial intelligence

Top Swiss brain doctors install HPE supercomputer to help them read people’s minds

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One of Switzerland’s top universities has selected the Hewlett Packard Enterprise supercomputing system for its work in the area of neuroscience, which means looking inside brains. 

Head doctors at the Ecole Polytechnique Fédérale de Lausanne will initially be using HPE’s new supercomputer for simulation-based research, analysis, and visualization, to advance the understanding of what they describe as the “mammalian brain”.

But the bonce specialists could easily scale up the system to analyze human brains and eavesdrop on people’s thoughts and eventually be used to control their actions, which has been shown to be the ambition of each and every megalomaniacal mad scientist in science fiction history.  [Read more…] about Top Swiss brain doctors install HPE supercomputer to help them read people’s minds