Samsung invests $180M+ in Rainbow Robotics to become largest shareholder
Summary
The company said combining robotics and artificial intelligence in factory and industrial settings has proved to improve work capabilities and safety for workers by learning and analyzing situational data.Numerous companies have been developing autonomous robots using AI, including humanoid robots, to improve efficiency and safety in industrial settings including Tesla Inc., Boston Dynamics Inc. and Figure AI Inc. Artificial intelligence technology chip maker technology giant Nvidia Corp. unveiled AI foundation models for humanoid robots this year and leading generative AI model developer OpenAI is reportedly considering developing its own humanoid robot.As part of the deal, Rainbow Robotics will become a subsidiary of Samsung and the company is expected to use Samsungs global sales reach to extend overseas.In order to grow the effectiveness of advanced robotic technologies, including the humanoid robots, Samsung said it established a Future Robotics Office reporting directly to Samsung Chief Executive Ha Jong-hee. Dr. Jun-Ho Oh, a founding member of Rainbow Robotics and honorary professor at KAIST, was tapped to head up the new division after retiring from company.Samsung said the new office will be tasked with advancing the development of future robots and robotic technologies and turn them into a key growth engine for the company given the current trends in the market.Your vote of support is important to us and it helps us keep the content FREE. One click below supports our mission to provide free, deep, and relevant content. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well Andy Jassy
Funding
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