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Bear Robotics, a robot waiter startup, just picked up $60M from LG
LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots. Today, the company confirmed a $60
On the other hand, the current vogue for all things AI, and the general advances that are coming with that, are giving robotics players a fillip — see yesterday’s Covariant news, for another example. After globally in April 2021, the Korean electronics and appliance giant shifted its business focus to other growth areas, including smart homes, connected devices, the Internet of Things (IoT), electric vehicle (EV) components and robotics and artificial intelligence platforms. “As the service robot market enters a period of growth, this equity investment will significantly contribute to securing a ‘Winning competitive edge’ for the company,” Lee Sam-soo, chief strategy officer at LG Electronics said in its statement.
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