Robotics & Automation News

Market trends and business perspectives

artificial

CloudMinds opens cloud robotics support centre in Chile

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CloudMinds Technology, a provider of cloud artificial intelligence architecture for robots, has opened a new support centre in Santiago, Chile.

The company says the office will expand support for customers across Mexico and South America. The new operation will report to the company’s global co-headquarters in Santa Clara, California.

said Robert Zhang, company co-founder and president of international business development, says: “Our new operation in Latin America is a reflection of the continued global momentum CloudMinds has been building, driven by our proprietary cloud artificial intelligence architecture and cloud robot solutions that are already helping to transform various industry verticals around the world. [Read more…] about CloudMinds opens cloud robotics support centre in Chile

What are the benefits of machine learning in business?

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Machine learning makes our lives so much easier every day. Work that used to take people several hours or even days now can be completed in a blink of an eye by artificial intelligence program.

Due to that, we have less work to do and more spare time.

Also, there are no “human” mistakes involved in the process. [Read more…] about What are the benefits of machine learning in business?

BMW provides insight into how it uses artificial intelligence in production

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Artificial intelligence (AI) is on the rise in automotive production. Since 2018, the BMW Group has been using various AI applications in series production.

One focus is automated image recognition: In these processes, artificial intelligence evaluates component images in ongoing production and compares them in milliseconds to hundreds of other images of the same sequence.

This way, the AI application determines deviations from the standard in real time and checks, for instance, whether all required parts have been mounted and whether they are mounted in the right place.

[Read more…] about BMW provides insight into how it uses artificial intelligence in production

Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

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Cowen, a provider of data and information to investors, and tech startup incubator MassRobotics have agreed a partnership to bring together their extensive market knowledge to advance research into the emerging robotics and artificial intelligence industry.

Based in the Boston area, MassRobotics is a global hub for robotics, and the collective work of a group of engineers, rocket scientists, and entrepreneurs focused on the needs of the robotics community.

Jeffrey Solomon, CEO of Cowen, says: “The robotics and artificial intelligence industry is a rapidly expanding market, and one that will define the advancement of manufacturing and services on a global basis. [Read more…] about Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

LG unveils its own AI chip

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LG has unveiled its own microprocessor specifically designed for artificial intelligence.

The company says the new chip is part of its strategy to accelerate the development of AI devices for the home.

LG’s own AI chip contains the proprietary LG Neural Engine to “better mimic the neural network of the human brain” in order to greatly improve the processing of deep learning algorithms. [Read more…] about LG unveils its own AI chip

Infographic: How AI is streamlining the supply chain

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Noodle AI has produced an infographic to show how artificial intelligence is changing commerce

Artificial intelligence is everywhere. In fact, you may have interacted with it today and you didn’t even know it.

AI can streamline a lot of our daily business operations, freeing us up to tackle more difficult tasks.

Within the world of e-commerce, AI may be the key to streamlining the supply chain. [Read more…] about Infographic: How AI is streamlining the supply chain

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

Software developer and integrator Universal Logic receives order for 60 Yaskawa Neocortex AI robotic work cells

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An industrial technology integrator called Universal Logic says it has receieved a large order for 60 of its specially designed robotic work cells. 

The company has developed a software-intense work cell which it calls Neocortex, aimed at supply chains and logistics operations which require automated material handling systems for high-mix, high volume applications.

Universal Logic’s Neocortex Goods to Robot Cells for automated order fulfillment of consumer goods have now been ordered by an undisclosed customer, who wants 60 complete cells for their order fulfillment of consumer goods.  [Read more…] about Software developer and integrator Universal Logic receives order for 60 Yaskawa Neocortex AI robotic work cells

Effects of artificial intelligence will surpass the industrial revolution, says SoftBank CEO

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The chief executive of telecommunications giant SoftBank says the effects of artificial intelligence will take the world much further and have a more profound effect than even the industrial revolution. 

Masayoshi_Son
An old picture of Masayoshi Son, courtesy of Wikipedia

In an article accompanying a special edition of the CBS news magazine 60 Minutes, SoftBank CEO Masayoshi Son was quoted as saying the new “information revolution” is being partly driven by data collected through billions of sensors.

SoftBank has been buying up a variety of AI and robotics startups, most recently a company called Nauto, which is developing systems for driverless cars.

At the root of the technology, Son says, are microprocessors and microcontrollers. “Those who rule chips will rule the entire world,” he said. “Those who rule data will rule the entire world. That’s what people of the future will say.”

Growing market for advanced driver assistance systems brings big bucks for Bosch

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dirk hoheisel
Dirk Hoheisel, Bosch board member responsible for mobility solutions, making his presentation

The demand for advanced driver assistance systems is surging, according to Bosch, which says it pocketed almost $4 billion last year from supplying the technology. 

The company is developing a range of hardware and software solutions for what it calls automated driving, and one of them is an onboard artificial intelligence-driven computer, which will go into production within the next few years.

ADAS is often seen as autonomous – or driverless – car technology, except it’s integrated into cars already being purchased in large numbers today.  [Read more…] about Growing market for advanced driver assistance systems brings big bucks for Bosch