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Richtech Robotics introduces ‘Scorpion’ service robot

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Richtech Robotics, a Nevada-based provider of AI-driven service robots, has launched Scorpion, its AI-powered, single-arm beverage service robot.

Providing customized drink recommendations based on preferences and mood, Scorpion leverages Nvidia AI technologies to support its cocktail and wine tasting programs.

Additionally, Richtech Robotics signed a distributor agreement with Park 34 Liquor Store, under which the distributor has agreed to sell a minimum of 500 Scorpion units over five years, followed by a minimum of 500 units per year annually. [Read more…] about Richtech Robotics introduces ‘Scorpion’ service robot

Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

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Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.

Founded in 2013 by the current chief executive officer, Tom Wagner, PhD, the former chief technology officer at iRobot, BG is a pure-play robotics company offering fully integrated, AI-based software and hardware solutions to automate business operations in warehouses and logistics fulfillment centers.

The company’s solutions help retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands. BG’s management, engineering, and commercial teams each have extensive robotics expertise and deep industry experience. [Read more…] about Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

UPS sells UPS Freight to TFI International for $800 million

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Logistics giant United Parcel Services has entered into an agreement to sell UPS Freight to TFI International for $800 million, subject to working capital and other adjustments.

Carol Tomé, UPS CEO, says: “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International.

“The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” [Read more…] about UPS sells UPS Freight to TFI International for $800 million

‘Prawn day’ – it’s a thing

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US delivery firm Postmates, launched its first annual Prawn Day, offering two days of deals on select “prawn-related” merchants its service on 15-16 July.

Customers who visited the app found Prawn Day themed content and deals.

The company, which operates in more than 3,500 cities, added some of the most sought-after local and national restaurants, serving 70 of the top 100 restaurants in the US.