Robot vacuum Roomba maker files for bankruptcy
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As part of the company’s bankruptcy filing, iRobot has agreed to go from a publicly traded company and sell to its primary manufacturer Shenzhen PICEA Robotics Co., Ltd. or Picea. As such, the company is transitioning from a publicly traded company to a privately owed company.
Analysts at the investment bank estimated the humanoid robot market will be worth more than $5 trillion by 2050.
Richtech Robotics operates in a rapidly evolving robotics sector dominated by big tech and aggressive capital deployment. Read why RR stock is a Sell.
The robotics business is at a turning point, finally integrating artificial intelligence's full potential into moving machinery.
Robotics company Teradyne plans to establish a $32 million plant and create 230 jobs in Wixom amid an automation boom across the manufacturing sector.
Robot companies are racing toward a breakout year, but they'll have to confront some fundamental problems before making bigger promises.
Pure-play robotics stocks, such as Richtech Robotics and Serve Robotics, soared on Wednesday, and non-pure plays, including Tesla, also received a boost from reports that President Trump is considering actions to accelerate the development of robots in the U.
United Parcel Service Inc. will invest $120 million in 400 robots used to unload trucks, according to people familiar with the matter, revealing new details on the logistics giant’s $9 billion automation plan that aims to boost profits by decreasing labor costs.
Tesla's surge on autonomy and robotics optimism puts ETFs like BOTZ, ROBO, ARKQ in focus, offering diversified exposure to AI and automation trends.