Remove 2026 Remove Artificial Intelligence Remove Automotive Remove Consumer Goods
article thumbnail

CynLr raises Series A funding to realize robot vision for ‘universal factory’

Robotics Business Review

. “These customers are now eager to integrate CyRo into their production lines and experiment the transformational vision of a universal factory that can profitably produce custom-fit consumer goods, even at low volumes.” ” of 25 robots, which CynLr plans to expand to more than 50 systems by 2026.

article thumbnail

Top trends in 2024: Experts share key automation trends for Canadian manufacturers in 2024

Automation Mag

As manufacturers plan for 2024, industrial automation continues to evolve rapidly, driven by advancements in artificial intelligence, robotics, IoT (Internet of Things) and data analytics. The biggest increase in 2023 came from automotive OEMs (up 213 percent!), Go ahead, check out NVIDIA and Generative AI enabled robotics.

article thumbnail

Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

While these two trends are common across many industries, perhaps nowhere are they more pronounced than in the automotive industry. Beyond the automotive industry, even the most basic household appliances are now wireless and connected. New companies may have limited resources and expertise necessary to overcome hurdles that may arise.