Latest news
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THINK Surgical, based in Fremont, California, has announced that its TMINI Miniature Robotic System (TMINI 1.1) has received 510(k) clearance from the U.S. Food and Drug Administration (FDA). The clearance allows the company to market the updated system, which offers enhanced capabilities for total knee arthroplasty procedures.
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Bots & BrainsBots in SocietyInternational
‘Global humanoid robot shipments to exceed 10,000 units by 2027’
Global humanoid robot shipments will exceed 10,000 units by 2027 and reach 38,000 units by 2030. This forecast implies a compound annual growth rate of 83% from 2024 to 2030, according to Omdia’s latest research, Robotics Hardware Market Forecast – 2021–30.
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Researchers at the New Jersey Institute of Technology (NJIT) are leveraging artificial intelligence to train robotic dogs to respond to their owners. This international collaboration, funded by a one-year seed grant from the Institute for Future Technologies (IFT)—a partnership between NJIT and Ben-Gurion University of the Negev (BGU)—aims to innovate how robotic dogs interact with humans through edge intelligence.
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Although artificial intelligence, IT, healthcare, and biotech companies continue raising billions of dollars in funding rounds, the broader VC funding market faces headwinds from geopolitical instability, economic uncertainty, and high interest rates. As a result, the total value of deals is expected to grow by only 3% in 2024, following a 4.2% decline in 2023. The market projections for the next year show similar activity.
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Vayu Robotics has introduced an on-road Delivery Robot, which combines AI foundation models with low-cost, lidar-less passive sensors. Announced this week in San Francisco, this robot aims to reduce the cost of e-commerce deliveries as online shopping continues to grow, with 23% of American retail purchases expected to be online by 2027.
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Seanergy Maritime, a US-listed Capesize shipowner, has integrated Orca AI’s automated computer-vision situational awareness platform into its operations to enhance safety and efficiency in maritime navigation Seanergy, based in Athens, operates a fleet of 18 dry bulk vessels, including one Newcastlemax and 17 Capesizes. The adoption of Orca AI’s technology aims to upgrade the navigational capabilities of its fleet.
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The 90th China International Medical Equipment Fair (CMEF), scheduled to take place in Shenzhen from October 12th to 15th, 2024, will highlight medical robotics technology. With a market value of $179 billion, China’s medical device industry continues to grow, and this year’s CMEF is set to showcase innovative products from over 4,000 enterprises.
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Asia is projected to experience the fastest growth in its artificial intelligence (AI) industry, with revenue expected to increase by 351% to nearly $300 billion by 2030. This data, presented by Altindex.com, contrasts with the United States, which, despite being home to major AI companies such as Apple, Microsoft, Nvidia, Alphabet, Meta, and Tesla, does not have the largest or fastest-growing AI market.
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Tech United from Eindhoven secured their eighth world title in the RoboCup Middle Size League. The team, composed of students, PhD candidates, and staff from Eindhoven University of Technology, triumphed at the global championship for autonomous robots held in their home city.
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Bots & BrainsBots & BusinessBots in SocietyInternationalPeople in RoboticsSpotlight
ICRA 40 Years: Bridging Academia, Industry, and Society
This year, Rotterdam is hosting the large-scale festive celebration of forty years of ICRA (International Conference on Robotics and Automation). Several thousand attendees will visit the Maasstad in September for a substantive program, but, as initiator Professor Stefano Stramigioli emphasizes, it is above all a celebration of 40 years of ICRA.