Google parent to pull plug on bipedal robot development
The company is expected to dissolve the project later this year and relocate employees involved in development to other departments within Alphabet or help them find jobs elsewhere.
The ROBO Global Robotics & Automation Index ETF (ROBO) Turns 5
Team behind first-ever robotics, automation and AI index to ring NYSE Closing Bell with robot in Honor of Fifth Anniversary.
A robotics ETF has taken in $650 million in cash this month
Eric Rosenbaum for CNBC: The Global X Robotics and Artificial Intelligence Thematic ETF has attracted more than $650 million from investors in January, one-fourth of its total assets raised in less than a month.
Misty Robotics Raises $11.5 Million To Put Robots In Every Home
Alex Knapp for Forbes: Misty wants to build robots like R2-D2 or Rosie from The Jetsons - useful companions with personality.
New Study Shows U.S. is World Leader in Robotics Automation - With $732 Billion of Robots
A new study from Redwood Software and the Centre for Economic and Business Research (CEBR) finds that the U.S. is the world leader in robotics automation investment, with an estimated robotics stock of $732 billion* - larger than the economy of Switzerland, which stood at $446 billion* in 2015.Â
U.S. investment in robotics was $86 billion in 2015, up from less than $40 billion in 2009, when investment hit a low following the financial crisis, and more than 15 times higher than the OECD average. Between 2011 and 2015, U.S. investments in robotics rose 30%.Â
"The U.S. is the world leader in robotics investment, and spending has recovered quickly since the financial crisis in 2009," said David Whitaker, Managing Economist at CEBR. "The sheer size of the economy and its large base of production in the automotive and electronic sectors make it a natural candidate for increased automation."Â Â Â Full Press Release:
Robotics-focused ETFs see big gains, Trump could hasten trend
Ryan Vlastelica for MarketWatch: If robots are taking jobs, should you invest in the robot makers?
That’s the argument behind a pair of outperforming exchange-traded funds that track the robotics industry, which could continue seeing strong growth as more positions get automated by machines or algorithms.
In a Jan. 23 note, UBS named automation and robotics as one of the two areas of technological innovation that would drive productivity over the coming decade, along with the digital data industry.
“Both have the potential to profoundly transform the structure of our economy, disrupt existing business models, but also create substantial growth opportunities for those well-positioned to participate,” the firm wrote, singling out the ROBO Global Robotics & Automation Index ETF ROBO, +0.59% as a fund that would benefit from this trend, with the investment time horizon of a decade. Cont'd...
Chrysalix partners with Dutch RoboValley on €100 million robotics fund
Terry Dawes for Cantech Letter: Vancouver-based Chrysalix Venture Capital has announced a €100 million fund aimed at driving the global robotics revolution, in partnership withRoboValley, a centre for robotics commercialization based at the Delft University of Technology in the Netherlands.
The RoboValley Fund is Chrysalix’s first robotics fund, and will concentrate on disbursing seed and Series A rounds of funding to early-stage companies developing component technology, intelligent software, and other breakthrough robotics technologies.
“Robotics is predicted to be the next big step in the digital revolution having an unprecedented impact on the way that we live, and provides an answer to some of the grand challenges of the 21st Century,” said RoboValley managing director Arie van den Ende. “Together with Chrysalix long-standing expertise in commercializing early stage industrial innovations, the RoboValley Fund will bring much needed capital and accelerated paths to market for our most promising next generation robotics technologies.” Cont'd...
February Was Another Good Month For Robotic Investments
February was another big month for investments in robotic startup companies. 3D Robotics, Flyability, Fetch Robotics, EHang and many others.
Records 16 to 23 of 23
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