Robot vacuum company files for bankruptcy
Digest more
Picea Robotics and a business partner revealed it entered into a buyout deal with Roomba producer iRobot via court-supervised bankruptcy proceedings.
The Chinese ODM makes robot vacuums for dozens of companies along with its own 3i line.
The robotics business is at a turning point, finally integrating artificial intelligence's full potential into moving machinery.
California startups are building robots to help with fold laundry and other tedious tasks as the race to dominate artificial intelligence intensifies against countries such as China.
Analysts at the investment bank estimated the humanoid robot market will be worth more than $5 trillion by 2050.
Robotics company Teradyne plans to establish a $32 million plant and create 230 jobs in Wixom amid an automation boom across the manufacturing sector.
Serve Robotics expands to 2,000 robots but lags in revenue and profitability. Click here to read an analysis of SERV stock now.
Robot companies are racing toward a breakout year, but they'll have to confront some fundamental problems before making bigger promises.
The Chinese government is betting that robots will drive economic growth. But the bots can’t really do much yet.
Feedback