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Innovation in Times of Crisis: What Does the Future Hold for Automation?

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The Covid-19 pandemic isn’t letting up any time soon. Countries which have relaxed their lockdown measures following a decrease in the number of positive cases are now experiencing a resurgence in numbers of confirmed infections.

Governments are already planning to reintroduce restrictions to stop the spread of the deadly coronavirus, which has claimed the lives of over 800,000 people worldwide.

As this global crisis continues to challenge economic sustainability, the business landscape has to adapt to new methods and tools in order to stay afloat. Sure enough, this crisis has opened up new spaces for discussing genuine innovation. [Read more…] about Innovation in Times of Crisis: What Does the Future Hold for Automation?

Motiv brings space-grade robotics to industrial sector

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Motiv Space Systems is bringing space-grade robotics to Earth-bound industry. The company has built a number of innovative robots which are being tested at various companies and the robotic arm it supplied to NASA’s Mars project (main illustration) is also available to the market.

In an exclusive interview with Robotics and Automation News, Chris Thayer, CEO of Motiv, says the arm, in particular, has features that are essential in space but would also be applicable on Earth. (See video below.)

“Our robots are lighter weight than say a factory floor robotic arm,” says Thayer. [Read more…] about Motiv brings space-grade robotics to industrial sector

Mosaic raises $14 million to digitalize construction and bring prefabrication into the mainstream

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A startup company aiming to bring digital project management techniques to the construction sector has raised $14.25 million in Series A funding, bring the total raised to $24.7 million, according to Business Insider. 

Mosaic Construction says its fundamental offer or service is to provide a method for analyzing building plans and categorize them according to which contractor will do what task in what time frame and so on.

This could enable traditional property developers and builders to move more of their tasks into the factory for prefabrication, bringing prefabricated construction into the mainstream. [Read more…] about Mosaic raises $14 million to digitalize construction and bring prefabrication into the mainstream

China expands testing of digital currency in case US bans yuan

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China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US. 

So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.

Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan

Walmart’s doubling of online sales to boost warehouse robotics sector

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Walmart has reported that its e-commerce sales have almost doubled as a result of the coronavirus lockdown forcing everyone to lock themselves up at home as often as possible and shopping online.

The company reported a staggering 97 percent increase in online sales for its second quarter, total revenue of almost $138 billion, which is an increase of $7.4 billion overall across internet and in-store sales.

Additionally, Walmart’s marketplace has also seen a doubling in the number of sellers included, to more than 50,000. [Read more…] about Walmart’s doubling of online sales to boost warehouse robotics sector

Japanese government urged to establish industrial espionage unit

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The Japanese government is being urged to establish an industrial espionage unit to try and stop spies stealing secrets relating to advanced technologies being developed by successful companies in the country. 

According to a report on the Nikkei Asian Review website, the Liberal Democratic Party, led by current Japanese President Shinzō Abe, is formulating a list of recommendations aimed at preventing industrial espionage against Japanese companies.

As quoted by Nikkei, Akira Amari, one of the LDP’s leading members, says: “The need for intelligence capabilities is broadening beyond sensitive military-related information to a wide range of private-sector data.” [Read more…] about Japanese government urged to establish industrial espionage unit

Michigan to redesign road network to accommodate driverless cars

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The State of Michigan is planning to redesign its road network to accommodate driverless cars, according to a report on CNN.

Authorities in the state refer back to the area’s history as the home of some of the world’s largest automotive companies and factories.

The city of Detroit, Michigan used to known as “Motor City” in decades gone by, inspiring the name of the famous record label “Motown”, which launched the careers and made global stars of singers such as Diana Ross, Stevie Wonder, Smokey Robinson, Marvin Gaye, Queen Latifah, Erykah Badu, and Michael Jackson. [Read more…] about Michigan to redesign road network to accommodate driverless cars

Thai agritech startup to use satellite images and AI for farming

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A startup company in Thailand called Ricult is planning to use satellite imagery and artificial intelligence to provide precision agritech services to farmers.

The company recently raised $2 million in new investment, bringing its total funding to $5 million, according to Nikkei. Among its backers are the Bill and Melinda Gates Foundation, and Bangkok Bank.

Ricult – which takes its name from the middle of the agriculture – says it is particularly targeting small-scale farmers with its services. [Read more…] about Thai agritech startup to use satellite images and AI for farming

Apple poised to become $2 trillion company

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US tech giant Apple is poised to become a $2 trillion company “very soon”, according to the Wall Street Journal.

The company was the first to achieve a trillion-dollar market capitalization a couple of years ago, and today is about 1 percent below the level needed to exceed $2 trillion.

Apple is somewhat different from other “tech” companies, by which is meant computer technology.Other such as Microsoft, Google, Facebook and others tend to be software-oriented. [Read more…] about Apple poised to become $2 trillion company

Luxshare buys iPhone assembly factory and becomes bigger than Foxconn

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Chinese hi-tech manufacturer Luxshare Precision Industry has bought an iPhone assembly factory from Wistron and has become bigger than Foxconn in terms of market capitalization.

Although Luxshare is well known in the industry, it’s not as famous as its Taiwanese rival Foxconn, which also goes by the name of Hon Hai Precision and has been Apple’s main contract manufacturer for many years.

Luxshare had previously been supplying individual components for iPhones but the Wistron factory purchase means that it can now provide assembled parts or complete devices. [Read more…] about Luxshare buys iPhone assembly factory and becomes bigger than Foxconn