Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors, among other things. Their allegations were...Technologyread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.Marketsread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
Greta Thunberg, a 16-year-old Swedish environmental activist, delivered a powerful message at the United Nations Climate Action Summit on Monday.Environmentread more
in next 10 years@ (Adds Jeff Bezos comment, background, PIX, byline)
LAS VEGAS, June 6 (Reuters) - Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots in the next 10 years that can grasp items as reliably as humans, a development that could automate warehouse work around the world.
The remark, made on stage at Amazon's "re:MARS" conference in Las Vegas, underscored how companies and university researchers are rapidly developing technology to perform human tasks, whether for elder care in the home or for the picking and stowing of goods in retail warehouses.
"I think grasping is going to be a solved problem in the next 10 years," he said. "It's turned out to be an incredibly difficult problem, probably in part because we're starting to solve it with machine vision, so (that means) machine vision did have to come first."
Bezos did not discuss any Amazon deployments of the technology, which it has tested from the Boston-area startup Soft Robotics, for instance, a person familiar with the matter told Reuters previously.
The company has said it views automation as a way to help workers.
Still, Amazon is known for its drive to mechanize as many parts of its business as possible, whether pricing goods or transporting items in its warehouses. It employs hundreds of thousands of people, many of whose primary task is grasping, scanning and placing customer orders in its warehouses.
(Reporting By Jeffrey Dastin in San Francisco; Editing by Meredith Mazzilli)