Fanuc Corporation (FANUC) (OTCPK:FANUY) just doesn't fire the imagination like the robotics companies pumping out weekly press releases about their latest highest-tech applications do. What too many robotics-are-cool, great-story, neat-concept investors are looking for in a robotics company? What might be the considerably more interesting story, if only we are willing to learn more about it. FANUC (an acronym for Fuji Automatic Numerical Controls – Fujitsu spun it off decades ago) is not in the artificial intelligence business. And at an ETF I like for the broadest exposure to the field of robotics, Robo-Stox Global Robotics and Automation (ROBO), FANUC is only the 11th largest holding, well below UAV maker AeroVironment (NASDAQ:AVAV) and Roomba vacuum cleaner marketer iRobot (NASDAQ:IRBT).
Machine learning, deep learning and the connected home have reached the peak of the Hype Cycle, while blockchain and commercial drones have begun the slide into the'trough of disillusionment'. According to Gartner's 2017 Hype Cycle for Emerging Technologies, augmented reality and virtual reality have begun to climb the'plateau of productivity' as they approach mainstream adoption. Gartner is tipping artificial intelligence technologies will be the most disruptive class of technologies over the next decade, giving organisations the ability to harness data insights to adapt to new situations and solve problems. But for certain areas mainstream adoption of AI is still a decade away. For example Gartner is projecting that it will take more than 10 years for AI in marketing to reach the Plateau of Productivity.
China is one of the foremost nations embracing a fully connected society. In many major Chinese cities, sensor-filled machines that accept digital payments and support public data-collection are commonplace. Such technologies are found in supermarkets, malls, and even on sidewalks -- Chinese panhandlers have notably used the WeChat platform to collect donations from passersby. Already, China's mobile payments market is nearly 50 times that of the U.S.'s. China represents a significant investment opportunity for breakthrough innovations in digital industries.
PTC (NASDAQ:PTC), a IoT, Industry 4.0 and control software provider to government and industry, has partnered with Rockwell Automation (NYSE:ROK), the world's largest company dedicated to industrial automation and information, "to accelerate growth for both companies and enable them to be the partner of choice for customers around the world who want to transform their physical operations with digital technology." Rockwell is making a $1 billion equity investment in PTC as part of the deal in which the two agreed to align their respective smart factory technologies and industrial automation platforms. JD (JingDong) (NASDAQ:JD), the Chinese equivalent to Amazon and China's 2nd largest e-commerce provider, raised $500 million from Google/Alphabet (NASDAQ:GOOG). Like Amazon, JD is heavy in the automated logistics business and now, with this investment, JD plans to open restaurants staffed by robots starting this August and ramping up to 1,000 by 2020. JD is also involved in last mile deliveries and just launched 20 mobile robot carts in the Beijing area (each robot can deliver up to 30 different parcels).
Stocks fluctuated during the afternoon session as nerves over the Federal Reserve's meeting this week peaked. Fed speak has become increasingly hawkish in recent weeks. A link has been sent to your friend's email address. Stocks fluctuated during the afternoon session as nerves over the Federal Reserve's meeting this week peaked. Fed speak has become increasingly hawkish in recent weeks.