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Category: consumer robots

Robotics | IoT

iRobot shares slip SharkNinja’s market entry

Shares iRobot (NSDQ:IRBT), which makes the Roomba robotic vacuum, slid nearly -4% yesterday after a competing product hit the shelves. After the introduction of the Shark Ion Robot, created by household appliance company SharkNinja, iRobot closed down -15.7% at $85.08 apiece Sept. 12 and dropped a further -3.8% to close yesterday at $81.85 per share.…

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Japan company testing robots to counter childcare shortage

Japan is in the throes of a childcare crisis as more mothers go to work, childcare staff are overworked and facility waitlists skyrocket. One child- and elderly-care company is testing out robots as a way to fill the gaps. Global Bridge Holdings, which runs 27 childcare centers in Tokyo, is working with Gunma University to…

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Beijing ROS-AI developer Roobo raises $53 million

Beijing-based AI solutions developer Roobo raised $53 million in a Series B funding round led by Seven Seas Partners, a Chinese VC. This is in addition to the $100 million raised last year. The managing partner of Seven Seas, Jeff Xiong, will become Roobo’s new CEO. Founded in 2014, Roobo has become a leading Chinese…

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New technology helps robots see in 3D

A group of researchers recently presented new technology that would help robots, namely those used in a home, to better perceive and process 3D objects. The robot perception algorithm, which was unveiled in July at the 2017 Robotics: Science and Systems Conference in Cambridge, Mass., allows the robot to guess what an object is, how…

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NAVii autonomous retail robot from Fellow Robots helps Lowe’s improve service

Last fall, Fellow Robots’ NAVii autonomous retail service robot debuted in 11 Lowe’s stores in the San Francisco area, marking its entrance into a major retail chain. The national home improvement store rolled out its LoweBot to meet the needs of customers and employees. LoweBot was developed through a partnership between Lowe’s Innovation Labs and…

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Quiet inroads in robotics: practical applications for service robots

The service robotics industry has been growing exponentially for the past 10 years and many are out in the field performing a wide and diverse range of useful tasks. Consider Savioke, Reis & Irvy, and ECOVACS. These three companies are providing unique, new uses for service robots and are indicative of the growth of service robotics in…

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ROBO, the first Robotics and Automation ETF, hits $1 billion in AUM

surpassed $1 billion in assets under management (AUM) less than 4 years from launch. The Exchange Traded Fund (ETF) tracks the ROBO Global Robotics & Automation Index, which is the brainchild of a team deeply entrenched in the robotics industry. The Index and subsequent ETF offer investors access to the entire value chain of robotics,…

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Sex Robots: Facts, Hype and Legal / Ethical Considerations

The world’s first robot brothel is in Barcelona; a sex doll maker is taking pre-orders for animatronic heads attached to sex-providing bodies; one maker is offering a resistant persona which ethicists are equating to rape mode. Lots of headlines and titillating photos. What is really going on? It’s true that sex robots will someday happen,…

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US Army and Navy ordered to halt use of DJI drones

The U.S. Army has ordered its members to stop using drones made by Chinese manufacturer SZ DJI Technology because of “cyber vulnerabilities.” The directive applies to all DJI drones and systems that use DJI components or software. It requires service members to “cease all use, uninstall all DJI applications, remove all batteries and storage media and secure equipment…

China’s appetite now focused on artificial intelligence

China has recently announced their long-term goal to become #1 in A.I. by 2030. They plan to grow their A.I. industry to over $22 billion by 2020, $59 billion by 2025 and $150 billion by 2030. They did this same type of long-term strategic planning for robotics – to make it an in-country industry and to transform…