Bots & Business

Sanctuary AI, a company working to create human-like intelligence in general-purpose robots, has been named on the annual TIME’s Best Inventions list for 2023, which features 200 innovations changing our lives. Sanctuary AI has been recognized for its sixth-generation general-purpose robots, Phoenix, which features human-like intelligence and a humanoid physical form that is specifically designed to perform work tasks. 

What was once known as a consumer-focused event has expanded its horizons to encompass a diverse range of technologies, including AI, robotics, and enterprise solutions. Rocking Robots sat down with Brian Comiskey to explore the upcoming trends and innovations that will take center stage at CES, offering a comprehensive view of the ever-expanding world of technology.

Agility Robotics has announced that Amazon will commence testing of its bipedal robot, Digit, in their operations. The robot was introduced by Agility Robotics earlier this year as a solution for repetitive material handling tasks, aiming to complement human workers in such roles.

As artificial intelligence continues to permeate various sectors, one crucial question looms large: Can AI be trusted? Marc Mathieu, SVP AI Transformation at Salesforce, sheds light on the concept of trust in AI and the company’s commitment to embedding ethical considerations at the core of their AI systems.

The size of the global welding robot market is currently estimated at US$7.6 billion, but is expected to nearly double by 2027, with a projected size of US$14 billion. This is evident from the report “Global Robotic Welding Industry”.

Clockwork, a self-care robotics company, has announced the launch of a new investment round. With $5.6 million already raised from investors, Clockwork is now opening a community investment round to the public, led by Arash Ferdowski, Dropbox Co-Founder and former CTO.

Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner. While generative AI (GenAI) has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth.

Sarcos Technology and Robotics has announced that Atlantas Marine bought two Guardian Sea Class robotic systems and a support package. Sarcos delivered the systems in the third quarter of 2023.

NVIDIA has announced a strategic partnership with Hon Hai Technology Group (Foxconn), aiming to expedite the evolution of industries worldwide through advanced AI and robotics systems. This collaboration, revealed during a discussion between NVIDIA founder and CEO Jensen Huang and Foxconn Chairman and CEO Young Liu in Taipei, pivots on the innovation of AI factories utilizing NVIDIA’s GPU computing infrastructure.

The global system integrator market is set for substantial growth, with anticipated expansion from $35.42 billion in 2022 to $37.71 billion in 2023, showcasing a robust compound annual growth rate (CAGR) of 6.5%. According to ResearchAndMarkets.com this positive trajectory is culminating in a market valuation of $48.06 billion by 2027. Industrial Robotics makes up a substantial part of this growth.