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□The joint venture will market its portfolio under the brand □□-□□□□□□□□□ and will be based in Shanghai. □ Bosch Rexroth acquiring minority share in Zhejiang Hechuan Technology. □ A focus on automation & electrification products at optimal cost-performance ratio. The Chinese #industrialautomation market is showing no sign of slowing down! Key highlights from the joint venture, signed today on November 2nd, includes: #robotics #industrialautomation #ai #humanoidrobots #iiot □ Did I miss something from the last couple weeks? Let me know in the comments ⬇ a big milestone in Information Security Management, bringing enhanced data security to industrial automation. □ READY Robotics achieved the coveted ISO 27001 Certification. □ Emerson was named IoT Breakthrough ‘Industrial IoT Company of the Year’ for the □□□□□ time! □ The Human Touch Robotics secured their 20 MNOK (£1.5M) Seed Round investment to revolutionize online grocery packing with robotics solutions. □ A HUGE one from ABB as they acquire Swiss start-up Sevensense Robotics - a provider of AI-enabled 3D vision navigation technology for AMRs. This one will surely spark a lot of debate amongst robotics VC investment. Using neural networks, their humanoid robot can copy the actions of a human and replicate it - they used the example of making coffee - check it out! As if that wasn't enough, they have another "industry-leading announcement" prepped for next week so keep your eyes peeled for that. Brett Adcock and his team have had their watershed "ChatGPT" moment for robotics. □ Figure has without a doubt, been the stand-out company in the first weeks of 2024.
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What's been happening in the world of robotics in 2024? #figure #humanoidrobots #robotics #ai #bmwįigure announces commercial agreement with BMW Manufacturing to bring general purpose robots into automotive production
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Let me know your thoughts in the comments □ □ Are Figure silencing the humanoid haters with this announcement? Figure's robots will enable companies to increase productivity, reduce costs, and create a safer and more consistent environment," said Brett Adcock, Founder and CEO of Figure. □ "Single-purpose robotics have saturated the commercial market for decades, but the potential of general purpose robotics is completely untapped. □ In the past year, we've seen footage from Tesla's Tesla bot, Boston Dynamics' Atlas, we've even seen Agility Robotics' Digit humanoid implemented into Amazon warehouse and fulfilment centres, and now we have humanoid robots entering the automotive manufacturing space! The main questions have been, why are VC's investing in them, what use cases can they be applied to and who will actually buy them? □ It goes without saying that humanoid robots have been a huge topic of debate in the past months. □ Figure have signed a commercial agreement with BMW. ⏮ If you saw my post last week, I said that Figure had another Robotics "industry-leading announcement" prepped for this week following on from their major breakthrough with Figure 01 learning how to make coffee last week. Figure □ BMW Group - (Humanoid Robots □ Automotive Manufacturing)