Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Bossa Nova robots are becoming a familiar sight in grocery stores across the U.S.
Walmart uses them in dozens of its stores, from Florida to California, for example. The robots roam the aisles, scanning the shelves to figure out what's in stock or needs to be replenished, and which items may not be selling very well.
The robots work three times faster and can be up to twice as accurate as humans, according to Bossa Nova co-founder and chief business officer Martin Hitch. They also free up employees to do other more pressing work, like helping shoppers find what they need, or keeping inventory fresh.
The San Francisco start-up, which spun out from Carnegie Mellon University's Robotics Institute, is gearing up to bring its technology even further and wider. The company recently struck a manufacturing partnership with Flex. They're also adapting their systems to work for a range of retailers.
Hitch says Bossa Nova focuses on helping retailers that deal with a high, daily turnover of inventory, such as: groceries, pet supply stores and big box retailers.
The start-up just raised $29 million in fresh venture funding, bringing its total raised to $70 million. Hitch says Bossa Nova will use the capital for software research and development, hiring and international expansion.
He added, "Mobile robotics can be a great tool, but may not be the right device to capture information at a smaller format store." The same "deep learning" software Bossa Nova developed for use in its robots could be adapted to work with devices like static cameras, which could work in a pharmacy, or any other store with narrow aisles.
Investors in the new round included LG Electronics, Cota Capital and China Walden Ventures.