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Bosch to acquire 12 percent of Husqvarna

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Bosch has agreed to acquire shares in the long-established Swedish company Husqvarna. The acquisition will increase its shareholding to roughly 12 percent in the company’s share capital in total. Numbers were not disclosed. 

Husqvarna is listed on Nasdaq Stockholm. In acquiring these shares today, Bosch intends to strengthen the battery alliance between the two companies.

Husqvarna also includes the Gardena subsidiary and its Flymo brand, both of which are also partners in the Bosch Power Tools division’s “Power for All Alliance”. [Read more…] about Bosch to acquire 12 percent of Husqvarna

Insuring against the risks of automation

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The adoption of automation technologies has been growing at an astonishing rate across various industries in recent years.

Advancements in robotics, new AI applications, mounting labor shortages, increasing costs associated with humans performing mundane tasks, and post-Covid-19 effects – all contributed to its growth.

In fact, we are witnessing the formation of what we call “automation as a class” – a new vertical aimed at increasing productivity throughput, safety, and service reliability across all industries. [Read more…] about Insuring against the risks of automation

Ad Blockers Could Be Helpful for Your Privacy

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Whether you’re using a mobile device, a computer, or a tablet, ad blockers can help you save time, protect your personal information, and eliminate annoying ads.

Among the many benefits, these tools can also help your computer speed up, block intrusive and repetitive ads, and disrupt first-party infrastructure. [Read more…] about Ad Blockers Could Be Helpful for Your Privacy

5 Reasons Why You Should Invest in Tesla this 2023

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By Cooper Haywood, WallStreetZen.com

Tesla, Inc. is a company that is at the forefront of the integration of robotics and automation in the automotive industry.

Founded in 2003 by a group of engineers who wanted to prove that electric cars could be better than gasoline-powered cars, Tesla has become a leader in developing and implementing advanced technologies in electric vehicles (EVs) and autonomous driving.

In recent years, Tesla has made significant strides in the EV market, revolutionizing the way we think about transportation and energy. [Read more…] about 5 Reasons Why You Should Invest in Tesla this 2023

Supply chain robotics company Symbotic reports $12 billion in orders

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Symbotic, a provider of AI-enabled robotics technology for the supply chain, has released financial results for its first fiscal quarter ended December 24, 2022.

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $16.3 million for the first quarter of fiscal 2023.

In the same quarter of fiscal 2022, Symbotic had revenue of $77.1 million, a net loss of $23.1 million and an adjusted EBITDA loss of $21.3 million. [Read more…] about Supply chain robotics company Symbotic reports $12 billion in orders

5 Ways Tech Startups Automate and Improve the Hiring Process

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With tens of thousands of layoffs across the technology sector, there seems to be an abundance of new talent, but this doesn’t mean that tech startups can just snap their fingers and get the perfect employee. Navigating the hiring process can be a challenge, even for experienced entrepreneurs.

Tech startups are competing against big companies with bigger budgets, more established networks, and abundant resources. However, startups can be successful in hiring if they take the right steps to streamline and automate their workflows.

In this article, we’ll show you five ways tech startups can navigate hiring challenges. [Read more…] about 5 Ways Tech Startups Automate and Improve the Hiring Process

Are Email Trackers Legal?

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In our modern epoch, almost everyone prefers to communicate by email, and it is an extremely convenient and fast tool for establishing business relationships in the field of enterprise.

Today, it is an effective and efficient tool for communicating with clients and colleagues. However, there can be situations where an important email is sent to someone, but the recipient claims that he did not receive it, despite having reviewed it.

In such cases, it becomes important to determine if the recipient really didn’t receive the email or if he is lying. [Read more…] about Are Email Trackers Legal?

Scythe Robotics secures $42 million new financing to accelerate production of zero-emissions autonomous mower

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Scythe Robotics, a startup company developing advanced, commercial-grade autonomous solutions for the professional landscape industry, has raised $42 million in Series B financing.

The round was led by Energy Impact Partners and included additional new investors ArcTern Ventures, Alumni Ventures, and Amazon’s Alexa Fund alongside participation from existing investors True Ventures, Inspired Capital and more.

The funding will help Scythe meet demand for the more than 7,500 reservations for its all-electric, fully autonomous M.52 mower placed by commercial landscape businesses nationwide. This financing round brings the company’s total capital raised to date to $60.6 million. [Read more…] about Scythe Robotics secures $42 million new financing to accelerate production of zero-emissions autonomous mower

Oil and gas drilling contractor Nabors acquires digital twin developer MindMesh

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Oil and gas drilling company Nabors has acquired engineering technology firm, MindMesh. The acquisition includes the downhole simulation and modeling technologies that the MindMesh team has developed.

Additionally, MindMesh co-founder and chief technology officer Raju Gandikota joined Nabors as a Director in the Controls and Automation group.

Plans are in the works to integrate several digital modeling and visualization technologies complementary to Nabors’ Smart Suite of drilling automation and digitalization products. [Read more…] about Oil and gas drilling contractor Nabors acquires digital twin developer MindMesh

Lockheed Martin Ventures invests in on-demand manufacturing startup Machina Labs

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Machina Labs has completed an investment by Lockheed Martin Ventures (LMV), the venture arm of Lockheed Martin Corporation, a global security and aerospace company.

Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products. This latest funding brings the total raised by Machina Labs to $21.8 million.

The investment will be used to accelerate company growth to meet customer demand, and to expand R&D into additional processes and metallurgical offerings. [Read more…] about Lockheed Martin Ventures invests in on-demand manufacturing startup Machina Labs