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Boeing ‘abandons’ robots in favour of humans

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Boeing has reportedly abandoned the use of some robotic systems that were being used for fuselage work such as drilling and fastening.

According to the Seattle Times, the implementation of the robots “proved painful to set up and (was) error-prone”.

The news website quoted Jason Clark, Boeing vice president of 777/777X operations, who said back in 2015, when the robots were first introduced: “It’s a little tough in the teething. But as we get through it, it will create the rewards necessary for us to compete.” [Read more…] about Boeing ‘abandons’ robots in favour of humans

‘Trillions of billions’ of alien robots near Earth and about to invade

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A staggering “trillions of billions” of alien robots could be about to invade Earth, according to a credible and down-to-earth astrophysicist.

And because they are likely to be self-replicating alien robots, they could overwhelm our planet with some unimaginable numbers.

This terrifying prospect is being reported by Fox News, which quotes Zaza Osmanov, of Georgia’s University of Tbilisi. [Read more…] about ‘Trillions of billions’ of alien robots near Earth and about to invade

China’s largest food delivery company to test robots

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China’s largest food delivery company is to test robots, according to a report on Abacus News. 

Meituan employs more than 600,000 delivery drivers across China, and deals with more than 25 million orders a day.

The company is predicting growth of 200 per cent by 2025 and is reportedly testing the delivery robots – called “Xiaodai”, meaning “pouch” – in Beijing and Shenzen. [Read more…] about China’s largest food delivery company to test robots

Robotic toymaker Anki to close down

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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

Veo Robotics could make all industrial robots collaborative

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Traditional industrial robots tend to be very large and potentially dangerous, which is why they tend to be caged off and kept separate from human workers.

But a new company called Veo Robotics says it has the technology to transform traditional industrial robotic arms into safe machines that humans can work alongside, within close proximity.

Veo’s solution could make every industrial robot a collaborative robot. The term “collaborative” is recognized by international standards organizations and usually applies to much smaller, newer types of robots which are specifically designed to safe for humans to work with.  [Read more…] about Veo Robotics could make all industrial robots collaborative

Robotics and Automation News chosen as Hannover Messe media partner

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US President Barack Obama and German Chancellor Angela Merkel at the opening ceremony of Hannover Messe
US President Barack Obama and German Chancellor Angela Merkel at Hannover Messe

After the tremendous success of Hannover Messe 2016, for which the United States was the official partner country, the profile of German and European industry has reached new heights.

Both the leaders of the US – President Barack Obama – and Germany – Chancellor Angela Merkel – were special guests at last year’s event, which was the most well-attended ever.

This year, Hannover Messe will be even bigger. As well as growing in popularity, the event will now combine CeMAT, the trade show for the logistics industry.  [Read more…] about Robotics and Automation News chosen as Hannover Messe media partner

Investing in robotics: Established companies or startups?

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Picture courtesy: Caixin Online

In this part of our series of articles about investing in robotics and automation, Brian Gahsman, managing partner and chief investment officer at GBSfunds, explains what type of robotics and automation enterprises his company, Gahsman Branton, is interested in investing in 

Check out realtime stock prices for companies in the robotics, automation and relating computing sectors

Robotics and Automation News: Are you mainly looking at investing in established companies or startups?

Brian Gahsman: Actually both. There is a great number of publicly traded companies in this space with established earnings and the leaders make a solid foundation of the holdings in my strategy. That being said, even these established companies began as startups in the not so distant past.

I believe that robotics and automation in itself is currently in its infancy stage so maintaining a solid blend of micro-cap, small cap, mid-cap and large cap stocks is the only way to assure my strategy as a whole rides the same wave as the technological evolution that it is based on.  [Read more…] about Investing in robotics: Established companies or startups?