OpenAI robotics leader resigns
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Richtech Robotics (NASDAQ: RR) stumbled into February dogged by a scandal and the legal issues that arose from it. Sentiment on the robotics company, already negative, didn't improve after it published a disappointing quarterly earnings report mid-month. Investors were in a selling mood, and the stock ended February with a more than 30% decline.
Amazon cut at least 100 white-collar jobs in its robotics division as it continues restructuring, even while expanding its warehouse robot fleet and AI spending.
The same technology developed for AVs is proving to be the key to enabling advanced robotics. And with fewer hurdles to cross, the adoption curve will be much steeper.
Shares of Ouster (NASDAQ:OUST) are surging 8% to 9% in Tuesday morning trading, pushing above $22 intraday. Teradyne (NASDAQ:TER) stock is also climbing, up 3% and hovering near $306. The robotics and automation sector is clearly on the move today.
It comes shortly after Qualcomm launched a processor under the Dragonwing brand name designed for robots.
Amazon's e-commerce operations rely on thousands of robots to automate warehouse operations. Still, this division hasn't avoided job cuts.
Rhoda AI unveils FutureVision for unpredictable environments Robotics adoption driven by AI, hardware, and computing advances Reliability, safety and cost remain hurdles for commercial robots March 10 (Reuters) - Rhoda AI on Tuesday said it has raised $450 ...
For International Women's Day, Dr. Maja Matarić and Dr. Tania Morimoto discussed their current robotics research and student development.
On Saturday, Caitlin Kalinowski said she resigned from OpenAI, arguing that potential uses of AI for warrantless monitoring of Americans and weapon systems operating without a human decision demanded more careful debate than they received.