robot

AESA Brown Boveri to Contribute USD 150 Million to Build World’s most Advanced Robot Factory

AESA Brown Boveri to Contribute USD 150 Million to Build World’s most Advanced Robot Factory

AESA Brown Boveri to Contribute USD 150 Million to Build World’s most Advanced Robot FactoryAESA Brown Boveri (NYSE: ABB) announced its investment of USD 150 Million to construct a giant tech hub in Shanghai, China. This will be an attemp..

iRobot Reported Q3 2018 Financial Results

iRobot Reported Q3 2018 Financial Results

iRobot Corp. (NASDAQ: IRBT) announced its financial results for the third quarter ended September 29, 2018.  Third quarter revenue was $264.5 million compared to $205.4 million a year ago.  Operating income in the third quarter was $37.3 m..

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank’s Vision Fund is looking to invest almost USD 1 Billion in China-based SenseTime Group for a stake in the world’s most valuable artificial intelligence startup, according to people familiar with the matter. The two companies are..

Amazon Reportedly to Build Home Robots

Amazon Reportedly to Build Home Robots

Amazon.com Inc. (NASDAQ: AMZN) is reportedly developing a home robot, according to Bloomberg. The project was codenamed “Vesta,” after the Roman goddess and it was overseen by Gregg Zehr, who also runs Amazon’s Lab126 hardware rese..

Sony’s Strong Sales of Sensors Put Towards Robotics & Self-Driving Cars

Sony’s Strong Sales of Sensors Put Towards Robotics & Self-Driving Cars

Sony Corp (NYSE: SNE) reported their highest ever profit this year on strong sales of image sensors after many years of losing ground in the consumer electronics market. The company is looking to develop robotics and self driving cars technology as ..