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Symbotic brings in $424M in Q2 2024

Robotics Business Review

Source: Symbotic Symbotic Inc. yesterday announced its financial results for the second quarter of 2024, which ended March 30. ” The company said it applies high-density storage and machine learning to help retail, wholesale, and food and beverage companies. Wilmington, Mass.-based

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CIIF 2024 shows major robotics trends in China

Robotics Business Review

and higher to be used in more palletizing applications within industries such as chemicals, food and beverage, as well as warehousing and logistics. On September 25, 2024, Gree Intelligent Equipment and Universal Robots officially signed a strategic cooperation agreement in Zhuhai to establish a strategic partnership.

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UR survey shows 48% of manufacturers plan to invest in AI

Robotics Business Review

Source: Universal Robots The artificial intelligence market is projected to reach $407 billion by 2027, with an annual growth rate of 37.3%, according to Forbes. They came from various industries, primarily manufacturing, healthcare, food and beverage, and automotive. 16 and 17 in Santa Clara, Calif. Register now.

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Service robot sales climb by 30% worldwide, reports the IFR

Robotics Business Review

Source: Stäubli Sales of professional service robots have increased by 30% worldwide, according to the International Federation of Robotics, or IFR. Europe followed with 33,918 units, and the Americas with 8,927 units sold, according to the IFR’s World Robotics 2024 Service Robots report. ” Register now.

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Rockwell Automation adds NVIDIA Omniverse to digital twin software

Robotics Business Review

Source: Rockwell Automation Rockwell Automation is integrating NVIDIA Omniverse application programming interfaces (APIs) into its Emulate3D digital twin software. based company employs 27,000 people in more than 100 countries as of fiscal year-end 2024. The Milwaukee, Wis.-based

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Doosan Robotics unveils Dart-Suite for cobots and Otto Matic for palletizing at CES

Robotics Business Review

” Doosan said its robots can work in several industries, including manufacturing, logistics, food and beverage, architecture, filmmaking, service sectors, and medicine. The South Korean-based company said the artificial intelligence powering its systems continuously learns and updates its model by downloading modules automatically.

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Manufacturing PMI® at 48.4%; November 2024 Manufacturing ISM® Report On Business®

Fastener News Desk

2, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in November for the eighth consecutive month and the 24th time in the last 25 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®.