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Figure AI raises whopping $675M to commercialize humanoids

Robotics Business Review

Figure said it plans to use the funding to grow its AI training, manufacture more robots, and hire the engineers necessary to get production units to market in the 2024-2025 timeframe. Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible,” Adcock said in a release.

Robotics 130
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ABB Acquires Sevensense, Expanding Leadership in Next-generation AI-enabled Mobile Robotics

i4.0 today

ABB today announced that it has acquired Swiss start-up Sevensense, a leading provider of AI-enabled 3D vision navigation technology for autonomous mobile robots (AMRs). Sevensense was founded in 2018 as a spin-off from Swiss technical University, ETH Zurich. Financial details of the transaction were not disclosed.

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Industrial Robot Market Size is Expected to Reach US$ 23.2 Billion by the End of 2033

i4.0 today

The global Industrial robot market is likely at US$ 17,925 million in 2023 and expected to grow at a CAGR of 12.1% Robot market is emerging and also expected to witness greater growth over the forecast year as to increase the efficiency of work and replace human labor. during the forecast years of 2023-2033. and reach US$ 56,171.4

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5G’s role in the adoption of enterprise augmented reality

Control Engineering

They created COSMOPlat, an industrial internet platform to digitalize all factory processes including supply chain and logistics workflows. 5G-enabled AR adoption case study 2: Mazak’s proof point for 5G [4] Yamazaki Mazak is one of several test use case conducted under the umbrella of Worcestershire 5G Consortium between 2018 and 2020.