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More Than 23,000 Robots To Be Deployed PYMNTS.com

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Robots may keep Tesla's CEO up at night, but companies around the globe are interested in putting them to work, according to new research from Tractica. In a press release Tractica, the market intelligence firm, announced its forecast that more than 23,000 robots will be deployed for customer service applications from last year through 2022. During the forecast period, the robots will generate $451 million in revenue. Nearly half of all the customer service robots will be found in Asia Pacific, but there will also be growth in the U.S. and Europe. "Fewer than five years ago, hardly anyone had seen or heard of robots in public and commercial spaces, as most of the developments were restricted to research labs," says research analyst Manoj Sahi in the press release highlighting results of its latest research.


Tesla reports biggest-ever quarterly loss, Model 3 delays

Daily Mail

Tesla racked up a $619 million loss in the third quarter, its biggest-ever, driving its shares sharply lower as the electric-car maker spends to speed up production of its more affordable Model 3 sedan. The company, led by Silicon Valley star Elon Musk, also confirmed it had missed its Model 3 production goal for the third quarter, producing only 260 vehicles compared to an earlier estimate of 1,500. Its shares fell 5.4 percent in after hours trading. The company said it had $3.53 billion in cash and cash-equivalents as of Sept. 30, compared to $3.04 billion at the end of the second quarter. Tesla said last month it delivered 26,150 vehicles in the third quarter, a 4.5 percent rise on the same period of 2016, but added that "production bottlenecks" had left the company behind its planned ramp-up for the $35,000 Model 3. On Wednesday it said it now hoped to achieve a production rate of 5,000 per month by the end of the first quarter of next year, pushed back from the end of this year.


Sony's Rebooted Robot Dog Will Fetch Ruffly $1,700

Wall Street Journal

Sony shares rose more than 11% on Wednesday to a nine-year-high. The new Aibo features improved artificial intelligence software and enhanced motors and sensors that help the robot better resemble a real dog. The company said each device will develop unique behavior patterns depending on owner interactions and can work with other internet-connected electronics. The Aibo will be released first in Japan and cost ¥198,000 (about $1,700). New owners will also need to pay about $25 a month for cloud services to provide their devices with remote updates for things like teaching the robot new tricks.


The Global Service Robotics Market

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The Global Service Robotics Market is a strategy report from Berg Insight analysing the latest developments on this market covering floor cleaning robots, robot lawn mowers, milking robots, humanoid robots, telepresence robots, powered human exoskeletons, surgical robots, AGVs, AMRs and UAVs. This strategic research report from Berg Insight provides you with 240 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions. The future is here: Service robotics will change our lives Robots are now being increasingly adopted for service applications, both by consumers and professionals. The service robot market comprises many different types of robots, most of which can be used for applications in multiple industries. At a consumer level service robots are commonly used for tedious and repetitive tasks such as domestic chores, or for leisure and entertainment purposes.


Sony unveils family-friendly robot aimed at spurring communication

The Japan Times

Sony Mobile Communications Inc. announced Tuesday it will begin selling a new communications robot targeted at families next month, furthering its foray into the trending robot market. "We've developed this product based on a theme of making it a new member of the family," Hiroshi Ito, deputy head of the smart products division at Sony Mobile, said during a news conference in Tokyo. "We'd like to propose a new way of communication with this that makes communication more fun for families." Dubbed Xperia Hello, the robot will hit store shelves Nov. 18 and is expected to sell for around ¥150,000. The 21-cm conical-shaped robot can perform various functions such as using its camera to recognize people's faces and then chatting with them.


Will Artificial Intelligence and Robots make our Jobs Obsolete?

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This holds the potential to mean a labour force in action predominantly in high skill, well paid jobs, increasing average real wages and therefore disposable incomes. This also has the social benefit of potentially reducing income inequalities because most people will be in higher paid jobs, allowing for greater social cohesion and less government spending on social protection, (allowing for more spending in other areas, such as education, which would improve the situation of the number of people in high skill roles further). Not only does this increase the maximum potential output of the global economy, allowing for increases in GDP (economic growth), but it also allows for lower average unit costs during production, permitting further falls in prices of many goods and services while firms retain their profit margins. Therefore, if societies and governments can plan for and adapt to them, robots and AI have the potential to greatly improve the material living standards of millions of people and fuel economic growth and development globally.


DATA STORY: Next investment opportunity? Artificial Intelligence market projected to grow 25-fold in eight years

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In next eight years, revenue from Artificial Intelligence (AI) market will grow 25-fold to be more than Rs 3.9 lakh crore by 2025. This year the revenues globally stood at Rs 15,628 crore, according to a report by Tractica, a market intelligence firm that focuses on human interaction with technology. The expanding use for mobile AR will lead to growth from 34 crore unique monthly active users (MAUs) globally in 2016 to nearly 190 crore MAUs by 2022, the report says. The rise of AI and AR has prompted large multinational companies to acquire startups working in the field.


Sex robots with 'resistance setting' let men simulate rape and should be outlawed, say campaigners

The Independent

Robotics company True Companion sells a $9,995 (£7,408) sex doll with programmable personalities including "Frigid Farrah". The company said the "Roxxxy Gold" robot offered men the chance to "realise their most private sexual dreams", a promise some critics saw as "encouraging rapists to find a supposedly safe outlet" for their crimes. But Ms Parker, founder of the Schools Consent Project, a British charity which sends lawyers into classrooms to speak to pupils about sexual offences, said: "In simulating resistance, [the robot] enables users to simulate rape." "We should no more be encouraging rapists to find a supposedly safe outlet for it than we should facilitate murderers by giving them realistic, blood-spurting dummies to stab."


Automation Kills Jobs in Retail---and Replaces Them With Better Ones

Wall Street Journal

For retailers, the robot apocalypse isn't a science-fiction movie. As digital giants swallow a growing share of shoppers' spending, thousands of stores have closed and tens of thousands of workers have lost their jobs. But, Mr. Bessen found, ATMs made it much cheaper to operate a branch so banks opened more: Total branches rose 43% over that time. As the number of ATMs rose, so did the number of bank branches, so the ranks of tellers expanded.


Robots Help Teach Social Skills to Kids with Autism Spectrum Disorder - News Center - The University of Texas at Dallas

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Now, a UT Dallas researcher is giving the fantasy of robotic friends a practical edge with a robot that teaches social skills to children with Autism Spectrum Disorder (ASD). "It's not to replace therapy with humans, but you can deliver a social skills lesson in a less threatening way, and the robot can deliver the same lesson multiple times," Rollins said. During a lesson, the robot explains a social situation to the child with ASD. Media Contact: Ben Porter, UT Dallas, (972) 883-2193, [email protected] or the Office of Media Relations, UT Dallas, (972) 883-2155, [email protected].