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Festo invests in artificial intelligence

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Festo has bought IT enterprise company Resolto Informatik GmbH, which offers solutions including high-performance artificial intelligence for real-time applications in industrial companies.

Resolto solutions allow data to be interpreted in the field, and in close proximity to machines. This makes it possible to save energy, shorten cycle times, decrease the number of machine failures and minimise production scrap rates.

“We’ve been able to gain a leading company in the field of artificial intelligence for industry applications with Resolto”, said Dr Frank Melzer, Member of the Management Board Product and Technology Management at Festo.

[Read more…] about Festo invests in artificial intelligence

Denso invests in AI fleet management technology company ActiveScaler

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Denso, one of the world’s largest automotive suppliers, announced a significant investment in startup company ActiveScaler, a developer of Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence.

Denso’s investment will help expand ActiveScaler’s platform and technologies, which simplify and better customize shared mobility experiences. The agreement also will help accelerate deployment of Managed MaaS systems for leading mobility operators and fleet service providers.

With the increase in global demand for more scalable and efficient services for moving people and goods, ActiveScaler says its technology will help enhance growth and simplify implementation with a modular set of components that enable mobility service providers and fleet managers to tailor MaaS solutions to their specific business needs.  [Read more…] about Denso invests in AI fleet management technology company ActiveScaler

AI and robotics stocks outperforming other shares on markets

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Artificial intelligence and robotics stocks are performing better than many other investments on the stock market, according to a report on CNBC. 

The website says robotics and AI stocks are “crushing” the old economy and is up by 30 per cent compared with under 10 per cent for other stocks.

In particular, the Global X Robotics and Artificial Intelligence ETF (BOTZ) and the ROBO Global Robotics and Automation Index (ROBO) have done well.  [Read more…] about AI and robotics stocks outperforming other shares on markets

Brain Corp raises $114 million to develop self-driving technology for robots

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Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.

Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.

The investment will be used to further develop AI technology and create brains for multiple types of commercial and consumer robots.  [Read more…] about Brain Corp raises $114 million to develop self-driving technology for robots

American workers sleepwalking into automated obscurity, says new report

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robot replaces human
Picture courtesy of Challenge Magazine

Despite an endless stream of stories in the media warning of humanity’s impending irrelevance in an automated future, it seems American workers remain rather blasé about the prospect of being automated out of existence in the workplace. 

New research by Randstad US contradicts many reports that American workers fear losing their job due to automation.

The 2017 Randstad Employer Brand Research found that only 14 percent of US employees worry that automation will take their job away, and nearly one-third (30 per cent) say they think automation will make their job better.  [Read more…] about American workers sleepwalking into automated obscurity, says new report

CaliBurger’s ‘Flippy’ robot gets $3 million to flip burgers

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A burger-flipping robot developed by Cali Group and Miso Robotics has received $3.1 million in financing from strategic investors including Acacia Research and Match Robotics. (See video below.)

Miso was co-founded and funded by Cali Group, which owns the Caliburger chain of fast food restaurants across the US. The company is currently specialising in automation for the catering industry.

The burger-flipping robot has been named “Flippy”, appropriately enough, and was the first robotic product developed by Miso, and the company has since developed numerous automation applications for the robot, including preparation, grilling, frying, and so on.  [Read more…] about CaliBurger’s ‘Flippy’ robot gets $3 million to flip burgers

Harman introduces Sherlock AI system to help its designers and engineers find and put things together more quickly

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Harman International, a design and engineering company which supplies a range of products and services to automotive companies, has introduced a new artificial intelligence system into its company.

The AI system, Sherlock, is described as a “virtual colleague” for Harman employees, and is said to have completely redefined the innovation management workflow in some of the company’s divisions.

Armin Prommersberger, senior vice president technology, lifestyle audio division, at Harman, says Sherlock offers a level of insight into the business that would be impossible to gain without it.  [Read more…] about Harman introduces Sherlock AI system to help its designers and engineers find and put things together more quickly

World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list

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The World Economic Forum, the global nonprofit foundation whose annual meeting in Davos is attended by global leaders from business and politics, has published a list of companies which it considers to be the most pioneering in the field of technology.

In publishing its Technology Pioneers 2017 list, WEF has chosen 30 different companies to highlight from a variety of industries including biotechnology, agriculture, energy, transport, as well as a number of companies from the robotics and automation sector.

One of them is Horizon Robotics, a Chinese company which develops computer infrastructure to enable artificial intelligence computing and real-time decision-making, mainly aimed at enhancing self-driving vehicle safety.  [Read more…] about World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list

Apple unveils home automation device and the most expensive desktop computer ever

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apple ceo tim cook
Apple CEO Tim Cook welcomes developers from 75 different countries to WWDC 2017

So the rumours were true about the home automation device. Some of the other rumours ahead of the ongoing Apple Worldwide Developers Conference were also true, but then there have been some surprises as well. 

First, the home automation device. Apple has launched what it calls HomePod – a voice assistant much like Amazon Alexa-enabled Echo and Google Home – within which Siri will live.

The question with such voice devices is always, how good are they at conversation with humans? In general, natural language processing technology is not yet able to understand human speech well enough to make such devices easy to use.  [Read more…] about Apple unveils home automation device and the most expensive desktop computer ever

Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost

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Partnership, collaboration, and technology investment crucial for growth opportunities, says Frost & Sullivan’s industrial automation and process control team 

The Internet of Things and data analytics are transforming the manufacturing space, and data is the new currency.

Currently, human intervention is needed for logical and reasonable decision making. However, with the rise of cognitive technologies, machines will be empowered to detect constantly changing manufacturing scenarios and respond in real time with minimum human intervention.

To be successful, manufacturers need to invest in artificial intelligence technology to improve plant efficiency and productivity, and build partnerships and collaborations that drive data-driven intelligence.  [Read more…] about Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost