Robotics

Symbotic Inc. (NASDAQ:SYM) reported its fourth-quarter results after Monday's closing bell. Here's a look at the details from the report.  The Details: Symbotic reported quarterly earnings of five cents per share, which beat the analyst consensus estimate of three cents. Quarterly revenue...

Hyundai Motor-owned robotics company Boston Dynamics and Toyota Research Institute (TRI) entered into a research partnership last week, in a bid to replicate Tesla Inc.’s (NASDAQ:TSLA) progress with its Optimus humanoid robot. What Happened: The newly announced partnership is aimed at...

Rick Cohen, founder of Symbotic (NASDAQ:SYM), has seen $9 billion erased from his net worth following a significant drop in his AI-powered company’s stock price. What Happened: Cohen, who owns and chairs C&S Wholesale Grocers, founded Symbotic which manufactures AI-driven warehouse robots...

Serve Robotics Inc (NASDAQ:SERV) shares are moving higher in Tuesday’s after-hours session on the heels of the company’s second-quarter financial results. Q2 Revenue: $468,375, versus estimates of $400,000 Q2 EPS: Loss of 27 cents, versus estimates for a loss of 25 cents Serve...

Serve Robotics Inc (NASDAQ:SERV) shares are trading higher in Thursday’s after-hours session on what appears to be continued momentum from the regular session. Here’s what you need to know. What To Know: Serve Robotics shares have been seeing increased attention since NVIDIA Corp (...

In a recent development, four European tech firms have been selected as the first beneficiaries of the €1 billion ($1.1 billion) innovation fund set up by a consortium of NATO allies. What Happened: The NATO Innovation Fund (NIF) was initiated in 2022 in response to Russia’s aggression...

EV giant Tesla Inc (NASDAQ:TSLA) has resumed hiring in North America after laying off a significant portion of its global workforce. What Happened: Tesla is now looking to add new full-time employees to its team in Palo Alto, California. The jobs, however, are for the field of autopilot and...

Former Cruise CEO Kyle Vogt has successfully raised $150 million for his latest venture, a robotics startup named The Bot Company. What Happened: Alongside former Cruise engineer Luke Holoubek and former Tesla AI employee Paril Jain, Vogt launched The Bot...

Apple Inc. (NASDAQ:AAPL) is delving into the realm of home robotics, a venture that signals the tech giant’s quest for the next breakthrough following the discontinuation of its electric vehicle project. According to Bloomberg, Apple’s engineers are at the helm of two cutting-edge...

Ark Invest’s Cathie Wood has been buying Tesla Inc (NASDAQ:TSLA) shares on recent weakness as she expects the tech stock to move towards $2,000 per share in the coming years as three key technologies come together. What To Know: Ark Invest has been buying up Tesla stock in recent weeks as...

Known best for its electric vehicles, Tesla Inc (NASDAQ:TSLA) is expanding into other fields including artificial intelligence and robotics. The company announced its humanoid robot in 2021 and unveiled a prototype at a company event in 2022. A new job posting hints that the humanoid robot...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk responded on Tuesday to a comparison with Massachusetts-based robotics firm Boston Dynamics. What Happened: Musk highlighted that Tesla achieved in two years what Boston Dynamics accomplished in over 30 years, and surpassed it in three years....

Ouster, Inc. (NYSE: OUST) shares traded higher on Tuesday. The company has rallied recently, here's what you need to know. What To Know: Ouster stock has trended higher since November. One of the main highlights during the past two months was the company's third-quarter earnings report in...

China unveiled plans to mass-produce humanoid robots expected to change the world. What To Know: According to a new blueprint document published by China's Ministry of Industry and Information Technology last week, China is targeting humanoid robot production by 2025. The country...

Tsubame Industries, a Tokyo-based robot manufacturer, is making waves in the world of robotics with its latest creation, the Archax. This pilotable mecha robot, standing at an imposing 15 feet tall and weighing 3.5 tons, comes with a price tag of $3 million, Reuters reported. What sets it apart is...