Robotics & Automation News

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Indxx licenses robotics and AI themed investment vehicle for Korean ETF

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Indxx has gained the licensing of its Indxx Global Robotics & Artificial Intelligence Thematic Index Methodology to Mirae Asset Global Investments as the underlying benchmark for the TIGER Global AI & Robotics Indxx ETF (Ticker:464310) which began trading recently on the Korea Exchange (KRX).

Indxx Global Robotics & Artificial Intelligence Thematic Index is designed to track the performance of companies listed in developed markets that are expected to benefit from the increased adoption and utilization of Robotics and Artificial Intelligence, including companies involved in Industrial Robotics and Automation, Non-Industrial Robots, Artificial Intelligence and Unmanned Vehicles.

Rahul Sen Sharma, CEO at Indxx, says: “Artificial intelligence is poised to define this decade. We are seeing tremendous adoption of Robotics and AI exposure. [Read more…] about Indxx licenses robotics and AI themed investment vehicle for Korean ETF

Unleash Potential with these Smart Investments for Nurturing STEM-Enthusiastic Prodigies

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In a world abuzz with technological marvels and scientific breakthroughs, nurturing young minds with a penchant for STEM (Science, Technology, Engineering, and Mathematics) has become crucial.

Gifted children possess immense potential, and guiding them through the right investments can catalyze their growth into future trailblazers.

This article unveils a fresh perspective on the best investments for STEM prodigies, transcending the clichés to explore innovative avenues that promise to shape their trajectory. [Read more…] about Unleash Potential with these Smart Investments for Nurturing STEM-Enthusiastic Prodigies

Swiss agritech startup Ecorobotix raises $52 million in new funding

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Ecorobotix, the Swiss manufacturer of ARA, an AI powered plant-by-plant recognition and a precision smart sprayer system, has completed a $52 million (CHF 46 million) funding round.

The round was jointly led by AQTON Private Equity and Cibus Capital, with additional investments from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, and from existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX Ventures, and Verve Ventures.

The funding will accelerate Ecorobotix’s geographic expansion across new and existing markets and accelerate new product development. [Read more…] about Swiss agritech startup Ecorobotix raises $52 million in new funding

mHUB investing $50 million to build ‘largest independent manufacturing center in America’

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Historic 80,000 sq ft facility in Chicago Near West Side Opportunity Zone will expand to make mHUB the ‘largest independent manufacturing center in US’

Manufacturing and “hardtech” innovation center, mHUB, is investing $50 million in the acquisition and build-out of a historic manufacturing facility within Chicago’s Kinzie Industrial Corridor on the city’s Near West Side.

The building is located within a designated Opportunity Zone and planned manufacturing district on a 2-acre site that will increase mHUB’s prototyping and testing facilities and office and convening spaces to become the largest independent manufacturing innovation center in the country.

Launched in 2017, mHUB has supported over 500+ startups and 200 manufacturers from all over the world that have created 5,000+ jobs and generated over $2.6 billion of economic activity. [Read more…] about mHUB investing $50 million to build ‘largest independent manufacturing center in America’

Global semiconductor manufacturing equipment sales reach all-time record $108 billion

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Worldwide sales of semiconductor manufacturing equipment increased 5 percent from $102.6 billion in 2021 to an all-time record of $107.6 billion last year, SEMI, the industry association representing the global electronics design and manufacturing supply chain.

The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

For the third consecutive year, China remained the largest semiconductor equipment market in 2022 despite a 5 percent slowdown in the pace of investments in the region year over year, accounting for $28.3 billion in billings. [Read more…] about Global semiconductor manufacturing equipment sales reach all-time record $108 billion

Benefits of cryptocurrency mingling with the real estate sector

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The virtual currencies are the best way to invest in real estate. They allow you to have more control over your investment and make it more transparent for other investors to see.

The real estate industry is one of the most profitable industries in 2018. The growth it has seen over the past few years has been incredible, and there is no sign of it slowing down soon.

Virtual currencies are highly scalable and transparent, which means that they can help an investor manage their money better without having to worry about how their investment is doing or how it will perform in the future. [Read more…] about Benefits of cryptocurrency mingling with the real estate sector

Top Tips to Get Started with Investing for Beginners

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Investing money has become extremely popular, especially with the prevalence of cryptocurrency. If you are new to investing, it can seem like an intimidating and overwhelming thing to do, as there can be a lot of money involved, as well as a lot of risks.

Fortunately, with the right tools and knowledge, you can start investing with ease and confidence. To help invest your money properly, here are some top tips for beginners. [Read more…] about Top Tips to Get Started with Investing for Beginners

General Motors to invest $7 billion in Michigan facilities to ramp up electric vehicle production to 1 million units

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General Motors says it will invest more than $7 billion in four Michigan manufacturing sites, creating 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.

This is the single largest investment announcement in GM history. The investment includes construction of a new Ultium Cells battery cell plant in Lansing and the conversion of GM’s assembly plant in Orion Township, Michigan for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM’s second assembly plant scheduled to build full-size electric pickups.

Mary Barra, GM chair and CEO, says: “We are taking the next step in our continuous work to establish GM’s EV leadership by making investments in our vertically integrated battery production in the US, and our North American EV production capacity. [Read more…] about General Motors to invest $7 billion in Michigan facilities to ramp up electric vehicle production to 1 million units

SoftBank to halt production of Pepper and reduce its robotics business, says Reuters

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SoftBank, the Japanese telecommunications giant which has in the past few years become a huge force in the robotics market, is set to halt production of Pepper, the humanoid robot, according to a report by Reuters. 

The news agency cites sources and documents to say that “production of the humanoid Pepper… was stopped last year”, adding that “it would be costly to restart production”.

Pepper was being manufactured by Foxconn, famous for being Apple’s main manufacturer. [Read more…] about SoftBank to halt production of Pepper and reduce its robotics business, says Reuters

Sole Source Capital acquires Peak-Ryzex and Optical Phusion

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Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions.

The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies – all seeking supply-chain logistical support. [Read more…] about Sole Source Capital acquires Peak-Ryzex and Optical Phusion