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New York stock exchange closed for first time in history by a robot
A robot has completed the prestigious task of ringing the famed New York Stock Exchange bell to signal the end of trading. Traders witnessed the modern twist to the historical tradition as Universal Robots' UR5e successfully completed the task. The collaborative robot - or cobot - rang the day's closing bell with the help of a two-finger gripper from Robotiq. The UR5e robot has a range of uses and a maximum load of five kilograms (11 pounds). It can operate successfully within a radius of up to 33.5 inches (85 cm) and they are used extensively throughout industries that require low-weight processes, such as picking, placing, and testing.
How Much will the Retail Sector Benefit from Artificial Intelligence?
Endorsed with a portfolio of digitally-empowered consumers, artificial intelligence in the retail market is acclaimed as one of the fastest growing verticals presently . In 2017, this business space registered a global share of USD 650 million and is forecast to record a CAGR of 40% over 2018 - 2024. With the retail space becoming affluent with more number of e-commerce platforms as well as startups with large technology appetite, the adoption of AI in the retail market is bound to increase. Additionally, the technology is witnessing a slew of opportunities in sync with the hi-tech trends including the likes of blockchain, AR, and the Internet of Things establishing their footprints in the retail domain. Amidst all these tech interventions, the focal point of this consumer-driven industry is to deliver an unrivaled shopping experience to customers as well as ensuring optimal management of resources and stocks.
- North America > United States (0.06)
- Asia > China (0.06)