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TOKYO (Reuters) - SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash after repeated attempts to list on the stock market, people familiar with the matter said. Headed by former China Mobile 0941.HK research whiz Bill Huang, money-losing CloudMinds is the latest SoftBank 9984.T portfolio company to lay off workers. The job cuts include in China, two sources said, where the bulk of the company's workforce is based and where it generates most of its revenues. All the sources declined to be identified because the information is not public. CloudMinds did not respond to requests for comment and a SoftBank representative declined to comment.

These and many other fascinating insights are from an analysis of AI startups' funding rounds in 2019 using Crunchbase Pro research. AI startups who have had seed, early-stage venture or late-stage venture funding since December 31, 2018, and are U.S.-based are included in the analysis which is provided here. Crunchbase Pro found 499 startups meeting the search criteria as of today. Their AI strategies include improve every aspect of the customer's lifecycle from pricing through scheduling post-stay cleans. The company manages a growing portfolio of more than 14,000 vacation homes in the U.S, Europe, Central, and South America, and South Africa.

Who needs to use that delicate tiny sewing staple, when there's now a robot that can thread a needle for you? The XR-1 robot is powered by cloud artificial intelligence (AI)--one of the first of its kind--Sprint True Mobile 5G, and proprietary vision-controlled grasping tech, which means it not only can thread a needle, but can serve drinks and can be programmed to do other tasks, including manufacturing. The revolutionary XR-1 robot is a service robot, which also leverages human operator input for constant learning. "Overall, intelligent cloud robots paint the most vibrant picture of how 5G's ultra-low latency, exponentially faster speeds, and wider reach can dramatically improve response time and enable a new world of applications," said Bill Huang, founder and CEO of CloudMinds, in a release. CloudMinds' Virtual Backbone Network (VBN) combines high-performance, low-latency fixed, and mobile-network technology; blockchain technologies; and other innovations to manage cloud robotics through connectivity completely isolated from the internet, guaranteeing security.

WIRE)--CloudMinds Technology Inc. – a global pioneer in cloud artificial intelligence architecture that makes robots and businesses smarter for the benefit of all humanity – will have its revolutionary XR-1 robot interact with guests at the Sprint exhibit (South Hall #1702) at Mobile World Congress Los Angeles, Oct. 22 to 24. XR-1 is one of the first-ever humanoid robots powered by cloud artificial intelligence, commercial Sprint True Mobile 5G and proprietary vision-controlled grasping technology for service robots that also leverages human operator input for constant learning. "Overall, intelligent cloud robots paint the most vibrant picture of how 5G's ultra-low latency, exponentially faster speeds and wider reach can dramatically improve response time and enable a new world of applications," said Bill Huang, founder and CEO of CloudMinds. "With vision-controlled grasping and the ability to perform intricate tasks, the XR-1 simply raises the bar and lays the foundation for an even wider range of intelligent compliant cloud service robots from CloudMinds – from wheeled to two-legged form factors. We are proud to be ushering in a new era of helpful robots for homes and businesses, with an emphasis on the importance of human input."

CloudMinds, a global pioneer in cloud artificial intelligence architecture, has scored two major global deals to supply 13,700 of service robots to Chinese companies Jin Yu Ao Environmental Technology and Zhongtai Min'an Security Services Group. "From smart security, emergency, property management to intelligent cleaning services, our cloud robots – alongside human operators – will make a positive impact on both companies, as well as on all parts of society that they touch," said Robert Zhang, co-founder and vice president of international business development, CloudMinds. He added: "We believe robots and humankind must work together to drive the world forward – and the thousands of robots that will soon be deployed in that region is reflective of these values."

I almost missed out on the vanguard of the 5G robot revolution because I don't drink coffee. The near miss occurred on Monday at mobile network trade association GSMA's booth at MWC Barcelona (formerly called Mobile World Congress), where Dal.Komm Coffee was demonstrating a coffee-serving robot. Thankfully for non-coffee drinking weirdos like me, hot chocolate was also available. After placing an order via a smartphone nearby, a robotic arm behind a glass panel juggled cups, operated coffee makers, and gently placed drinks on trays so they could be collected by waiting humans. According to a representative of Dal.Komm, the robot's precise movement was only possible with a 5G network provided by the KT Corporation, the Korean teleco.

CloudMinds, a cloud robotics start-up founded by the former head of the research division of China Mobile, has raised US 30 million seed financing from SB China Capital (SBCVC), Hon Hai Precision Industry Co., Ltd., Walden International and Kaixuan Capital. Cloud robotics is an emerging field of robotics rooted in cloud computing and cloud storage centered around the benefits of converged infrastructure and shared services. Huang Xiaoqing left the Research Institution of China Mobile last March to launch CloudMinds, according to an article published by Caixin Media. "A robot with similar capabilities of a real human requires a computer system that may be one million times bigger in size than that of a human brain, which means the brain of a robot must be on the cloud," Huang told the Chinese media organization. CloudMinds is targeting to reveal a full-service housekeeping robot in 2025 to service individual families.