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lost

Robotic toymaker Anki to close down

April 30, 2019 by Sam Francis

anki overdrive supertrucks

Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…] about Robotic toymaker Anki to close down

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Job-stealing robots a growing concern for world leaders

January 25, 2017 by Mark Allinson

Meg Whitman, CEO of Hewlett Packard Enterprise, at the World Economic Forum. Picture: Reuters / Ruben Sprich

A “RoboThespian” humanoid robot at the Tami Intelligence Technology stall at the World Robot Conference in Beijing, China. Picture: Reuters
A “RoboThespian” humanoid robot at the Tami Intelligence Technology stall at the World Robot Conference in Beijing, China. Picture: Reuters

By Martinne Geller and Ben Hirschler, Reuters

Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.

And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to jobs needs to be addressed more seriously.

From taxi drivers to healthcare professionals, technologies such as robotics, driverless cars, artificial intelligence and 3D printing mean more and more types of jobs are at risk.  [Read more…] about Job-stealing robots a growing concern for world leaders

Filed Under: Features, News Tagged With: artificial, automation, global, growing, intelligence, job, jobs, lost, manufacturing, productivity, robots, shift, technological, technologies, technology, workers

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Latest news

  • Reasons to Consider a Career in the Manufacturing Industry
  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
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