FastPath Automation, a provider of Intelligent Automation solutions, has recently joined the ranks of the international enterprise, Future WorkForce. This integration aims to help Future WorkForce better serve the Benelux market, driving innovation among its customers and partners. Rocking Robots interviewed Edwin Provoost to gain insights into the strategic rationale behind this move.
Bots & Business
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Worldwide IT spending is projected to total $4.7 trillion in 2023, an increase of 4.3% from 2022, according to the latest forecast by Gartner. As CIOs continue to lose the competition for IT talent, they are shifting spending to technologies that enable automation and efficiency to drive growth at scale with fewer employees.
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Fruit producer Unifrutti has partnered with Tevel, an Israeli robotics startup, to use artificial intelligence (AI)-driven robots in Chilean apple orchards. This initiative marks a new approach to fruit harvesting, with the potential to address labor shortages and other challenges that the global agriculture industry faces.
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XTEND, developer of human-guided autonomous operating system XOS, has announced a partnership with ModalAI., a manufacturer of autonomous drone and robotics technology. The partnership will see XTEND make available their XOS operating system on ModalAI’s technology, and XTEND’s range of human-guided autonomous drones become tightly fused with ModalAI’s VOXL 2 Autonomous AI Autopilot.
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Figure, an AI Robotics company building general purpose humanoid robots, has announced a $9 million equity investment made by Intel Capital. This funding from Intel Capital helps strengthen Figure’s balance sheet and will accelerate the development of Figure 01 (the company’s autonomous humanoid robot), build out.
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A new study indicates that the Robotic Process Automation (RPA) market in the Banking, Financial Services, and Insurance (BFSI) sector is projected to skyrocket, reaching a substantial valuation of USD 8,172.95 million by 2032. This surge comes in light of several key advantages offered by RPA, including improved customer service, efficient regulatory compliance, optimized processes, and exceptional data integrity, alongside other benefits uniquely suiting the data-driven nature of the finance industry.
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Bots & BusinessInternational
Canadian Automation and Robotics Industry Primarily Served by Integrators, New Study Reveals
A new report released yesterday by the global automation marketplace HowToRobot.com in collaboration with the Association for Advancing Automation (A3) provides fresh insights into Canada’s robot and automation suppliers. The study uncovers key trends in the industry, mainly driven by integrators that service the manufacturing sector, including the metal, machinery, and automotive industries. However, it also highlights growth in the healthcare and energy sectors.
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Bots & BusinessInternational
Why letting the machines do the tending will open the door to the next industrial revolution
by Guestby GuestDid you know that the average commercial jet airliner is made up of over 350,000 individual parts? To make these parts, whether metal or plastic, one process is essential: machine tending. As anyone in the know can tell you, machine tending is incredibly important to the manufacturing process. A well-functioning manufacturing workflow relies on machinery consistently being loaded and unloaded with parts or materials. When done well, machine tending, increases productivity and yields – driving down the cost of production over time.
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Sereact recently revealed PickGPT, a novel robotics transformer that merges Large Language Models (LLMs) with Computer Vision. This development paves the way for guiding robots using natural language, allowing anyone, regardless of their background knowledge in robotics, to interact with these machines.
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Bots & BusinessInternational
Addverb opens Bot-Verse: one of the world’s largest mobile robot factories
Addverb, a global robotics and automation solutions company, has inaugurated its second greenfield robot production factory. The factory, spread across nearly six hectares, is located in the Indian city of Greater Noida. On June 25, Yogi Adityanath, Chief Minister of Uttar Pradesh, officially opened the facility. Earlier this year, Addverb also inaugurated the Software Development Center in the same region, where teams work on the development of advanced software for warehouse automation.