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Autonomous truck startup Kodiak to go public

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Autonomous trucking startup Kodiak Robotics is to go public through a merger with Ares Acquisition Corporation II, a special purpose acquisition company affiliated with Ares Management Corporation.

The deal will make Kodiak a publicly listed company under the name Kodiak AI, with shares expected to trade under the ticker symbols KDK and KDK WS, pending regulatory approval.

Founded in 2018 by autonomy pioneer Don Burnette, Kodiak has emerged as a leading player in driverless trucking, developing an AI-powered automated driving system known as the Kodiak Driver. [Read more…] about Autonomous truck startup Kodiak to go public

Humanoid robot market to grow to $110 billion in next eight years

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The global humanoid robot market reached a value of nearly $2.37 billion in 2023, having grown at a compound annual growth rate (CAGR) of 40.69 percent since 2018.

The market is expected to grow from $2.37 billion in 2023 to $19.85 billion in 2028 at a rate of 52.91 percent. The market is then expected to grow at a CAGR of 41.81 percent from 2028 and reach $113.89 billion in 2033.

Growth in the historic period resulted from the increased demand for robots in the defense and security sector, rising labor costs or labor shortages, rising adoption of automated material handling in the retail sector. [Read more…] about Humanoid robot market to grow to $110 billion in next eight years

How to Choose the Best Toyota Dealership in Houston

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If you’re in the market for a Toyota in Houston, choosing the right dealership can make all the difference. With numerous options available, finding a reputable dealership that offers quality vehicles, excellent customer service, and competitive pricing is essential.

Here are some key factors to consider when selecting the best Toyota dealership in Houston. [Read more…] about How to Choose the Best Toyota Dealership in Houston

Chinese industrial robot makers challenge global giants as market expected to reach 649,000 units by 2030

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China is the largest single industrial robot adopter, and the global demand for robots remains high. ABI Research, a global technology intelligence firm, forecasts shipments to grow from approximately 400,000 in 2024 to 649,000 by 2030, a steady compound annual growth rate of 7.4 percent.

The umbrella term, industrial robot, encompasses high payload, high repeatability robotic arms. These include SCARA robots, often utilized for assembly tasks, delta robots which excel at rapid picking, and Cartesian robots, which can be deployed for material handling tasks.

Industrial robots, the backbone of manufacturing economies, will continue to enjoy rising sales as geographic shifts in manufacturing trends begin to take root. Accordingly, revenues generated from industrial robot hardware sales are set to rise from $14.7 billion in 2024 to $22.6 billion by the end of the decade. [Read more…] about Chinese industrial robot makers challenge global giants as market expected to reach 649,000 units by 2030

Boehli drives snack production to 31 daily tonnes with two automated storage systems from Mecalux

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The intralogistics group Mecalux has installed two automated storage and retrieval systems (AS/RS) at the headquarters of Boehli, a leading brand in the European snack market, to boost its daily output to 31 tonnes.

Its Gundershoffen, France plant, opened in 2000, operates seven production lines supplying snacks – mainly pretzels and breadsticks – to over 22 countries.

Raphael Wurtz, plant manager at Boehli, says: “Automation enables us to manage and dispatch an average of 360 pallets per day.” [Read more…] about Boehli drives snack production to 31 daily tonnes with two automated storage systems from Mecalux

Danobat launches ‘most precise robot on the market’

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The machine tool manufacturer Danobat has entered the industrial robotics sector with the launch of the DMTR range, a development which the company says “redefines industry standards”.

Danobat says the new machine – which it describes as the ‘most precise robot on the market” – sets a new benchmark in accuracy and efficiency, combining the flexibility of a robot with the stability and precision of a machine tool.

The DMTR range achieves three times the pose accuracy compared to other solutions, and obtains exceptional levels of pose repeatability in critical operations such as drilling, riveting and tapping. [Read more…] about Danobat launches ‘most precise robot on the market’

Anscer Robotics expands into US market

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Anscer Robotics, a maker of autonomous mobile robots (AMRs), is making a bold entry into the US market with the appointment of Mark Messina as managing director and CEO, Americas.

A recognized industry veteran, Messina will spearhead Anscer’s expansion, bringing innovative, safety-driven automation solutions to industries such as manufacturing, logistics, retail, food & beverage, and third-party logistics (3PL).

As a homegrown company from India, Anscer Robotics is committed to redefining the global robotics landscape, recently announcing funding from early-stage focused venture capital firm, InfoEdge Ventures. [Read more…] about Anscer Robotics expands into US market

Semiconductor market: Top players, emerging trends, and future opportunities

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The semiconductor industry is the backbone of modern technology, powering devices and innovations that are reshaping our world.

From smartphones and laptops to autonomous vehicles and advanced robotics, semiconductors enable the functionality of nearly every modern device.

As the market evolves, so do its key players, technologies, and competitive dynamics. For investors and technologists, understanding these changes is critical to staying ahead. [Read more…] about Semiconductor market: Top players, emerging trends, and future opportunities

How Nvidia conquered the digital world and plans to dominate the robotics industry

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There was a time when it was difficult to see beyond Intel. It was indisputably the world’s largest chipmaker for a long time and eclipsed whoever else was around at the time. For some people, no other semiconductor manufacturer even existed.

Intel’s partnership with manufacturers of computers that ran the Windows operating system was largely responsible for the global success of the company whose unofficial motto was “Only the paranoid survive”.

But perhaps the total and utter domination of the market, and the falling away of would-be competitors into niche markets, led Intel to be less paranoid and get more relaxed – perhaps even complacent. [Read more…] about How Nvidia conquered the digital world and plans to dominate the robotics industry

Robots are forever: How a robot diamond cutter could change a market already disrupted by lab-grown diamonds

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About six years ago, the Scientific and Technical Research Center for Diamonds, in Antwerp, Belgium, demonstrated a highly sophisticated robotic system that can automatically cut or polish diamonds in a fraction of the time it takes the most experienced human diamond cutter to do it by hand – “10 to 20 times faster”, according to its makers.

Called the “Fenix” robot, the system is incredibly well designed and it’s no surprise that it generated a lot of interest. So much so that a company called HS Technology, based in the United States, ended up acquiring the entire organisation – it bought the Scientific and Technical Research Center for Diamonds.

Not much was heard about Fenix after that, but the latest is that HD Blueprint, a company specialising in the development of diamond cutting and polishing technologies, now owns the company and machine. [Read more…] about Robots are forever: How a robot diamond cutter could change a market already disrupted by lab-grown diamonds