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AI Robots Market Projected to Hit USD 44.5 Billion at a 22.30% CAGR by 2030- Report by Market Research Future (MRFR)

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New York, US, Feb. 27, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), ” AI Robots Market by offering, by type by technology, by application forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy CAGR of approximately 22.30% to attain a valuation of around USD 44.5 Billion by the end of 2030.

The pinnacle of robotics as it exists today is AI robotics. Due to widespread backing from the government and popular culture, the market for AI robots is anticipated to grow smoothly throughout the ensuing years. AI robots are being deployed in a growing number of applications and represent the technological apex of what is currently achievable in the field of robotics. AI robots have a wide range of applications, and this range is expanding as more and more novel uses are constantly found.

During the forecast period, the market for AI robots is expected to be significantly influenced by the rising demand for the adoption of AI robots for entertainment and companionship.

On the other side, the lack of a set of international standards for AI robots may limit the market’s expansion in the years to come. Although being a technical marvel, AI robots have given rise to a variety of standards since various innovations have been credited to various participants. The establishment of a standardised set of standards can be anticipated as the technology becomes more approachable to users over the ensuing years, which would aid in facilitating the market expansion for AI robots.

During the course of the forecast period, the market for AI robots is projected to see significant growth in the creation of robots to help the elderly and people with disabilities. While the public has been fascinated by the usage of AI robots for entertainment and companionship, their tremendous utility means that in the years to come, they are more likely to be put to better use, with geriatric care and helping the differently abled likely to be near the top of the list. With the introduction of AI robots, the healthcare industry would experience a significant boost since the primary caregiver’s workload would be reduced and consistent healthcare delivery would be ensured.

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AI Robots Market Report Scope:

Report Metrics Details
AI Robots Market Size by 2030 44.5 billion (2030)
AI Robots Market CAGR during 2022-2030 22.30%
Base Year 2020
Forecast 2022-2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Drivers The development of a uniform set of standards can be expected

The market for AI robots is anticipated to grow smoothly over the next few years, supported by a stable consumer base and strong government support. Robots powered by artificial intelligence (AI) represent the technological apex of robotics and are being used in a growing number of applications. The applications of AI robots are immensely varied, and they are constantly expanding as new technologies are discovered. The growing demand for AI robot adoption for companionship and entertainment is projected to be a major driver for the global AI robot market during the course of the research period. During the course of the forecast period, the global market for AI robots is projected to see substantial growth in the creation of robots to help the elderly and those with disabilities.

Although the public has shown interest in using AI robots as companions and entertainment, their immense utility makes it more likely that they will be used in practical applications in the years to come, with geriatric treatment and supporting the otherwise-abled likely to be at the top of the list. The introduction of AI robotics will have a significant positive impact on the healthcare industry since it will ease the strain on primary carers and maintain continuity of care thanks to the robots’ straightforward programmability.

On the other side, the absence of a set of uniform standards for AI robots may limit the market for these devices’ future expansion.

Although AI robots were a technological marvel, a variety of innovations that were credited to various participants led to a wide range of standards.

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On the basis of offering, kind, technology, application, and region, the market for AI robots is divided into submarkets. The market is segmented into software and hardware by offering. The two categories of software are AI platforms and AI solutions. In contrast, hardware is divided into CPUs, storage, and networking components.

The market for AI robots is divided into two types, service robots and industrial robots. There are three types of service robots: ground, underwater, and airborne. Industrial robots, on the other hand, are divided into traditional and collaborative industrial robots. Traditional robots include cartesian, parallel, Scara, and articulated robots, among others.

Machine learning, context awareness, computer vision, and natural language processing are the different categories within technology.

Law enforcement, military & defence, PR, personal assistance & care, education & entertainment robots, research & space exploration, agricultural, healthcare, industrial, stock management, and others are some of the major market applications.

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Competitive Analysis:

Leading players in the global AI robots market include

  • NVIDIA
  • ABB
  • Intel
  • Microsoft
  • Alphabet
  • IBM
  • Harman International Industries
  • Xilinx
  • Fanuc
  • Kuka
  • Amazon
  • Blue Frog Robotics
  • Promobot
  • Softbank
  • Hanson Robots
  • Mayfield Robotics
  • Neurala
  • LG
  • Asustek Computer
  • Jibo

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Regional Evaluation:

The AI robots market, in terms of geography, includes the most recent trends in North America, Europe, Asia Pacific, and the rest of the world.

North America is the largest geographical market for AI robots because of the rapidly expanding robotics sector in nations like the US. North America’s dominance during the projected period on the global AI robots market is likely to be ensured by the rapid advancement of robotics technology.

The healthcare business, as well as the retail and military sectors in the area, are very supportive of robotics, which will lead to positive growth prospects for the AI robots industry over the projection period. Asia Pacific is expected to have the quickest rate of growth in the regional market for AI robots during the course of the review period due to the countries’ rapid technological development, particularly in China, India, and Japan, where robotics has recently become a top academic discipline.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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dsm-firmenich completes on-market repurchase of 500,000 shares to cover share plans

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KAISERAUGST, Switzerland and MAASTRICHT, Netherlands, April 16, 2024 /PRNewswire/ — dsm-firmenich today announces that it has repurchased 500,000 ordinary shares in the period from April 8, 2024 up to and including April 12, 2024 at an average price of €103.29. This is in accordance with the on-market share repurchase program announced on April 8, 2024, covering commitments under the Group’s share-based compensation plans. This repurchase concludes the program to repurchase 500,000 shares for a total consideration of €51.6 million.

For more detailed information see ‘Daily transaction details On-Market Share Repurchase Program announced April 8, 2024’.
As announced on April 8, 2024, the on-market share repurchase program is followed by a repurchase of 1,000,000 shares by means of an equity forward transaction. The forward transaction is expected to be entered into in April 2024, and dsm-firmenich expects to take delivery of the shares in 2025.
For more information, please contact:
dsm-firmenich investor relations enquiries:Email: [email protected]
dsm-firmenich media enquiries:Email: [email protected]   
About dsm-firmenichAs innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world’s growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss-Dutch company, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life™ every day, everywhere, for billions of people. www.dsm-firmenich.com 
Disclaimer
This press release does not constitute or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.This press release may contain forward-looking statements with respect to dsm-firmenich’s future. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. dsm-firmenich has no obligation to update the statements contained in this press release, unless required by law. The English language version of this press release prevails over other language versions.
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Infosys drives hybrid cloud-powered innovation for Team Global Express

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Infosys Cobalt accelerates the customer’s transition to the new environment, enabling them to deliver exceptional customer service
SYDNEY, April 16, 2024 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, announced the successful completion of the technology landscape separation program of the Australian express logistics business, Team Global Express.

Infosys leveraged the established blueprints and tools from Infosys Cobalt to build on its strategic collaboration with Team Global Express and drive hybrid cloud-powered innovation. The team set up a greenfield technology environment and migrated Global Express’ applications and services to a world-leading sustainable and energy-efficient data centre and public cloud.
More than 300 applications were migrated to the new environment with zero business impact to its 4,000 plus users including applications and network integration of over 100 sites. The technology separation was completed on time without any operational impact for either of the organisations.
The program also involved modernising the overall technology landscape by embedding a cloud-first approach into its core business strategy to reduce the technical debt inherited from the parent organisation. As part of the migration, 70% of its applications were moved to the cloud, to gain from the technical benefits provided by the public cloud and create a secure and agile foundation for future digital transformation. The exercise helped reduce the overall risk by uplifting the base infrastructure and the security posture. It significantly improved the employee experience by reducing disruptions and improving operational productivity.
As the lead systems integrator, Infosys managed the program end-to-end, enabling Team Global Express’ transport and logistics business to deliver exceptional customer service. Infosys’ solution is a ‘Separate First and Transform Later’ strategy to align on-time separation without any impact ensuring operational stabilisation (operational journey transition from build to operate).
Infosys, with Team Global Express, won the 2024 ISG Paragon Award ANZ in gold category for this successful transformation program.
Danny Gravell, CIO of Team Global Express, said, “Our partnership with Infosys enabled us to successfully set up an independent technology capability and transform our foundation technology platforms. We value Infosys’ thought leadership, collaborative approach, and experience in implementing infrastructure and cloud transformation programs as a true strategic partner. By using the ready-to-use templates from Infosys Cobalt, we could complete the transformation at speed with maximum efficiency. This program has enabled us to work towards providing the best possible experience for our customers.”
Karmesh Vaswani, Executive Vice President & Global Head of Consumer, Retail & Logistics, Infosys, said, “The separation program for Team Global Express presented a unique opportunity to achieve significant value. This complex program challenged us to not only accomplish the separation on-time and without business disruption, but also seamlessly establish a modern, secure and scalable digital foundation to accelerate their future growth. Leveraging our proven Infosys Cobalt cloud ecosystem and through a collaborative partnership with Team Global Express, we successfully navigated the complexities of this program, achieving an outcome that ranks among our most impactful engagements in the Australia and New Zealand region.”
About Team Global Express
Team Global Express is a logistics solutions company backed by Allegro Funds, Australia’s most awarded transformation and turnaround private equity firm. With the most significant multimodal network in the country, Team Global Express operates aircraft, trucks, ships and rail across Australia and New Zealand, with flexible transport options and new product solutions to help our customers grow their business.
With a strong commitment to sustainability, Team Global Express is leading the way to become the most sustainable logistics operator and transform the sector, which includes conducting the largest trial of electric trucks in Australia.
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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50 Scholarships Empowering STEM & Sustainability Education for UK Youth

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NEW YORK, April 15, 2024 /PRNewswire/ — AFS Intercultural Programs, a global non-profit educational exchange organisation, is proud to announce the second year of Global STEM Innovators scholarships in the United Kingdom – equipping young people with access to STEM, sustainability, and global competence education.

The AFS Global STEM Innovators is a five-week, full-scholarship exchange program, for 50 youth (ages 14 to 17), that fosters the understanding and skills needed to help the world transition to a more sustainable future. The program combines an interactive virtual exchange focused on global skills, and a week-long, in-person workshop focused on innovations in STEM. Scholars will explore sustainability and social impact through diverse perspectives, innovations, and real-world case studies, including opportunities to meet with STEM industry leaders and experts.
Upon program completion, scholars earn the award-winning AFS Global Competence Certificate and are invited to join the AFS Global STEM alumni community, which offers mentorship, networking, and further academic and professional development opportunities.
Program Dates
Application Deadline: 15 May 2024Virtual Exchange: 8 July – 9 August 2024 (online)Workshop: 11-17 August 2024 (in-person)Eligibility
Legal residence in one of the following postcode areas: Aberdeen (AB), Cardiff (CF), Darlington (DL), Newport (NP), Swansea (SA), or Teesside (TS)Birthdate: 1 January 2007 – 31 July 2010AFS has partnered with Celtic English Academy in Wales to administer the program. Full scholarship funding is provided by bp, which supports AFS Global STEM programs to help build the STEM talent that the world needs to create sustainable solutions and improve the diversity of talent in STEM.
AFS brings decades of expertise in impact-driven educational exchange and the power of a global network. “We know that young people are eager to innovate and bring positive change to their communities, and we are proud to empower young people with critical global skills and knowledge, like cross-cultural communication, empathy, and conflict resolution,” says Daniel Obst, President & CEO of AFS. “Educating more young people to become global citizens is crucial to create a more sustainable future.”
To learn more or apply, please visit https://afs.org/global-stem/innovators/.
 
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