Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

AI Robots Market Predicted To Surpass USD 44.5 Billion at a CAGR of 22.30% by 2030 – Report by Market Research Future (MRFR)

Published

on

<!– Name:DistributionId Value:8803253 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1259337 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:419ae90e-1ffa-4c46-9d09-bb8a990bb7a7 –>

New York, US, April 06, 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 to 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.

AI Robots Market Key Players:

Eminent industry players profiled in the global AI robots market report include

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

Get a Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/6684

Drivers

Increasing Adoption in Manufacturing Industry to Boost Market Growth

The increasing adoption of AI robots in the manufacturing industry will boost market growth over the forecast period. By applying robotics techniques and integrating industrial robots into manufacturing processes, manufacturing industries have benefited and human workforces have had more time to devote to more difficult endeavors.

AI Robots Market Report Scope:

Report Metrics Details
AI Robots Market Size by 2030 USD 44.5 Billion
AI Robots Market Growth 22.30% CAGR during 2022-2030
  Base Year 2021 
  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

Browse In-depth Market Research Report (100 Pages) on AI Robots Market:
https://www.marketresearchfuture.com/reports/ai-robots-market-6684

Opportunities

Rising Government Initiatives to offer Robust Opportunities

Several countries are taking numerous actions to promote the use of and advancements in robots and artificial intelligence. These programs encourage businesses to implement new innovations to better assist the adoption of cutting-edge technologies & robotics across many industries. Such rising government initiatives will offer robust opportunities for the market over the forecast period.

Restraints and Challenges

Lack of Experts to act as Market Restraint

The reluctance of adopting new technologies, dearth of standardized rules to prevent risks associated with autonomous & networked robots, and shortage of experts having the needed expertise and knowledge for operating AI robots may act as market restraints over the forecast period.

Market Segmentation

The global AI robots market is bifurcated based on application, technology, type, and offering.

By offering, hardware will steer the market in the forecast period.

By type, industrial robots will domineer the market over the forecast period.

By technology, machine learning will spearhead the market over the forecast period.

By application, stock management will have the lions share in the market in the forecast period.

COVID-19 Analysis

The market for AI robots has expanded significantly over the past few years for the increasing need for automation technologies and the expanding usage of AI robots in the medical industry to control COVID-19. AI is being utilized to enhance science and technology because of its capacity to manage the complexity of enormous data sets and give high accuracy and speedy processing solutions. Businesses are evaluating the long-term revenue potential of AI robots due to the growing demand for automation within the automotive, manufacturing, and industrial sectors during the post-COVID-19 timeframe.

Ask To Expert:
https://www.marketresearchfuture.com/ask_for_schedule_call/6684

Regional Analysis

North America to Lead AI Robots Market

As a result of the fast growing robotics industry in countries like the US, North America has the greatest geographic market for AI robots. Because robotics technology is developing so quickly, North America’s dominance on the worldwide AI robots market during the anticipated term is likely to be secured. Positive growth prospect for the industry is anticipated over the projection period thanks to the region’s strong support for robotics from the healthcare industry, retail, and military sectors. With significant technological breakthroughs in robotics, North America leads the global market for AI robots. The logistics industry’s growing need for AI robots and the defense industry’s growing emphasis on improving UAV communication capabilities also fuel the regional market’s growth. A sizable market for AI robots has emerged as a result of significant investment in expanding military operations and UAV applications. North America is a world leader in financial prudence as well as robotics execution development and innovation. Automation will be able to physically sense their environments in the future with the aid of naturally learning from their backgrounds, every connected sensor, original-language reckoning actions, and reserving their computer hardware by anticipating setbacks and being restored by other additional robots who appreciate industrial advancements. The market is developing as a result of increased adoption of automated material innovations and management, such as lights-out automatic advancements, improved warehouse automation, and expanding use of these devices by enterprises around the world. Over the anticipated time frame, these market trends for robots are expected to intensify. One of the biggest marketplaces for robotics and one of the notable inventors and forerunners in its adoption is the North American region. Increased automated material handling & trends, such as lights-out automation, as well as expanding acceptance of these robots across a variety of industries are some of the drivers propelling the market’s expansion.

APAC to Have Admirable Growth in AI Robots Market

Due to the region’s rapid technological advancement, notably in China, India, and Japan, where robotics has lately become a major academic topic, Asia Pacific is predicted to experience the fastest growth rate over the course of the review period. Favorable growth possibilities are being created by India and China’s expanding investments in commercial & military UAV activity. India has the greatest potential for growth throughout the prediction period of all of these. The demand for novel AI technologies from emerging industries like the automotive and aerospace sectors as well as the rapid economic growth in the region drives market growth.

Ask For Customization:
https://www.marketresearchfuture.com/ask_for_customize/6684

Industry Updates

March 2023- Disney has debuted an emotionally intelligent artificial intelligence that is capable of capturing complex emotions and human-like gestures, in a move straight out of Wall-E. An article on Yahoo Finance that outlines the AI’s capacity to reproduce emotional data in order to communicate vastly resonant facial expressions & vocal performances broke the news of this Disney robot. These robots are about to be released throughout attractions at the Disney theme parks, enabling you to engage with famous characters without having to worry about a teenager in a mouse suit or Terminator-style robot attacks.

Also Check Trending Report of MRFR:

Predictive Maintenance (PdM) Market By Component, By Testing Type, By Deployment Mode, By Technique, By Vertical, By Region – Forecast 2030

Edge Computing Market By Component, By Application, By Vertical, By Region – Market Forecast Till 2030

Racing Games Market By Type, By Application, By Region – Forecast till 2030

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.

Follow Us: LinkedIn | Twitter


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

LambdaTest launches LambdaTest extension for GitHub Copilot to make test automation pervasive across SDLC and drive developer productivity

Published

on

lambdatest-launches-lambdatest-extension-for-github-copilot-to-make-test-automation-pervasive-across-sdlc-and-drive-developer-productivity

NOIDA, India and SAN FRANCISCO, May 22, 2024 /PRNewswire/ — LambdaTest extension for GitHub Copilot enables AI-powered bridge experiences by seamlessly integrating test and dev workflow. It acts as a test automation copilot, assisting developers with quality assurance capabilities across different stages in SDLC, right where they code.

May 22, 2024, Noida/San Francisco: LambdaTest, a leading cloud-based unified testing platform, announced the launch of the LambdaTest extension for GitHub Copilot. This innovative capability revolutionizes the way developers manage and execute test workflows within their integrated development environments (IDEs).
The LambdaTest extension seamlessly integrates with GitHub Copilot Chat bridging the gap between development and testing workflows. Developers can now trigger test execution directly from their GitHub and VS Code environment, eliminating the need to switch between multiple applications. This streamlined process enhances productivity and accelerates software delivery.
With LambdaTest extension, developers can initiate tests effortlessly with a simple command, bringing testing closer to their code. This capability not only saves time but also enhances collaboration among development and testing teams by providing a unified platform for managing quality software releases, faster.
Moreover, real-time feedback integrated into GitHub Copilot empowers developers to iterate more efficiently, at speed, ensuring the quality and stability of their codebase. By conveniently viewing regression run results within their coding environment, developers and testers can quickly identify and address potential issues or bugs, facilitating faster resolution and delivery of high-quality software.
“LambdaTest Extension for GitHub Copilot is a huge milestone in our commitment to enable devs and QA processionals worldwide with frictionless experiences to accelerate software delivery.,” said Mohit Juneja, VP, Strategic Sales and Partnerships, LambdaTest. “Gone are the days of switching between multiple applications; now, developers can design, trigger, and analyze tests with simple prompts in natural language, without switching context from the IDE.”
The benefits of the LambdaTest extension extend beyond just test execution. It also offers powerful analysis tools, allowing developers to dive deep into test data, identify trends, and make data-driven decisions to continuously improve code quality and stability.
LambdaTest remains committed to driving innovation in the field of software testing, and this capability is another testament to that commitment. By providing developers and testers with tools to streamline processes and deliver high-quality software efficiently, LambdaTest continues to support and empower software development teams worldwide.
The LambdaTest extension for GitHub Copilot is now available for developers and testers. To learn more and get started, visit https://github.blog/2024-05-21-introducing-github-copilot-extensions
About LambdaTest LambdaTest is an intelligent and omnichannel enterprise execution environment that helps businesses drastically reduce time to market through Just in Time Test Orchestration (JITTO), ensuring quality releases and accelerated digital transformation. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.
Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.For more information, please visit, https://lambdatest.com
Logo – https://mma.prnewswire.com/media/1721228/Lambda_Test_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/lambdatest-launches-lambdatest-extension-for-github-copilot-to-make-test-automation-pervasive-across-sdlc-and-drive-developer-productivity-302153117.html

Continue Reading

Artificial Intelligence

DeepL announces $300 million investment at $2 billion valuation fueled by global demand for AI language solutions

Published

on

deepl-announces-$300-million-investment-at-$2-billion-valuation-fueled-by-global-demand-for-ai-language-solutions

Index Ventures led heavily oversubscribed round with participation from late-stage investment firms ICONIQ Growth, Teachers’ Venture Growth, and more Rapid enterprise adoption of DeepL has fueled the company’s growth in 60+ global markets for 100,000+ businesses, governments, and other organizationsDeepL’s Language AI Platform for business provides category-leading AI-powered translation and writing solutions COLOGNE, Germany, May 22, 2024 /PRNewswire/ — DeepL, a leading Language AI company, today announced $300 million of investment at a $2 billion valuation. Led by Index Ventures, the heavily oversubscribed round attracted strong support from new investors, who will bring their extensive expertise, connections, and resources to support DeepL’s growth and long-term vision to transform the way companies communicate around the world. Additional late-stage investors, including ICONIQ Growth, Teachers’ Venture Growth, and others, also participated, along with existing investors IVP, Atomico, and WiL.

“We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business,” said Jarek Kutylowski, founder and CEO of DeepL. “This new investment comes during what is on track to be DeepL’s most transformative year yet and is a testament to the crucial role that our Language AI platform has in solving the complex linguistic challenges global companies face today. We’re highly focused on continued growth and innovation to expand our solutions and ensure they remain industry-leading in terms of quality, precision, and security. This will bring us closer to a future where every company, regardless of location, can operate seamlessly on a global scale with our AI.”
The new investment comes during a period of significant growth and momentum for DeepL, which has amassed a customer network of 100,000+ businesses, governments, and other organizations worldwide. This network includes Zendesk, Nikkei, Coursera, and Deutsche Bahn, who rely on its highly accurate and secure enterprise Language AI platform to deliver seamless communication, driving international growth and cost savings. In response to surging demand from global enterprises, DeepL has accelerated its expansion efforts and strategic investments into key markets over the past year. In January 2024, DeepL deepened its commitment to the U.S.—now its third largest market—by opening its first office in the region. The company continues to expand its team in the U.S. to support growing demand.
Within the last 12 months, DeepL has also substantially broadened its product offerings tailored for businesses. In April 2024, the company launched DeepL Write Pro, a writing assistant specifically tailored for business writing, powered by its own proprietary LLM technology. The company also continues to expand the range of languages supported by its platform with the recent additions of Arabic, as well as Korean and Norwegian, bringing its total number of languages to 32.
“DeepL’s runaway success is a bit of an ‘open secret’ in the business community,” said Danny Rimer, who led the investment from Index Ventures. “The company is exceptionally thoughtful about creating cutting-edge AI products that deliver real and immediate value to their customers. Jarek and the rest of the DeepL team are equally research and commercially minded – both of which are key to the company’s success.” Index Ventures is recognized for its investments in highly successful SaaS businesses like Figma, Slack, Wiz, and Scale AI.
Demand for AI solutions among global enterprises is on the rise. A recent IBM study found that 42% are already actively deploying AI and 40% are exploring its potential. Within this rapidly evolving landscape, DeepL is leading the way in applying AI to transform the $67.9 billion language industry, which is projected to grow to $95.3 billion by 2028.
Since its inception in 2017, DeepL has become the Language AI provider of choice for businesses across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. The company’s specialized Language AI platform has become a critical investment for global businesses today, addressing a variety of communication challenges ranging from internal communications to customer support and international market expansion. Unlike general-purpose AI systems, DeepL’s cutting-edge translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. In business translation and writing, accuracy is paramount, making specialized AI models the most reliable and preferred solution for language challenges.
DeepL’s Language AI platform is also proven to drive significant cost savings and efficiencies. A 2024 Forrester study revealed that the use of DeepL delivered 345% ROI for global companies, reducing translation time by 90% and driving a 50% in workload reduction, underscoring, in our opinion, the power of its platform for businesses looking to grow their revenue and enter new markets faster and at scale.
“At Zendesk we see first hand the power of infusing AI tools into customer experience, and DeepL’s industry-leading translation is a prime example,” said Adrian McDermott, CTO, Zendesk. “The ability to have accurate AI translation allows companies from startups to large enterprises the ability to scale globally, reaching prospects and existing customers in new ways. Zendesk’s open and flexible platform allows for seamless partnerships, and the tangible results we’ve seen so far from joint customers have us looking forward to continued work with DeepL.”
Looking ahead, DeepL will continue to invest in research and product innovation to strengthen its suite of leading AI communication tools for businesses. The company is also doubling down on global market expansion and talent recruitment across multiple areas including AI research, product, engineering, and GTM.
 
About DeepLDeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments and other organizations and millions of individuals in 63 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP and Index Ventures.
Contact:Sebastian RiesOpeners [email protected]+49 1578 058 8488
Logo – https://mma.prnewswire.com/media/2419636/DeepL_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/deepl-announces-300-million-investment-at-2-billion-valuation-fueled-by-global-demand-for-ai-language-solutions-302153042.html

Continue Reading

Artificial Intelligence

Hyundai Motor and Plus Announce Collaboration to Demonstrate First Level 4 Autonomous Fuel Cell Electric Truck in the U.S.

Published

on

hyundai-motor-and-plus-announce-collaboration-to-demonstrate-first-level-4-autonomous-fuel-cell-electric-truck-in-the-us.

Hyundai Motor and Plus collaboration aims to enhance road safety and freight efficiencies by demonstrating benefits of XCIENT Fuel Cell truck equipped with Plus’s Level 4 autonomous driving softwareHyundai Motor’s Class 8 XCIENT Fuel Cell truck featuring Plus’s Level 4 SuperDrive™ system is on display at the Plus ACT Expo booth (#2044)LAS VEGAS and SEOUL, South Korea, May 22, 2024 /PRNewswire/ — Hyundai Motor Company (Hyundai Motor) and autonomous driving software leader Plus today unveiled the first Level 4 autonomous Class 8 hydrogen fuel cell electric truck in the U.S. at the Advanced Clean Transportation (ACT) Expo, the largest advanced clean transportation technology and fleet event in North America.

A result of the collaboration between Hyundai Motor and Plus, Hyundai Motor’s XCIENT Fuel Cell truck, equipped with Plus SuperDrive™ Level 4 autonomous driving technology, is on display at the Plus ACT Expo booth (#2044).
The Level 4 autonomous XCIENT Fuel Cell truck is undergoing initial autonomous driving assessments in the U.S., making it the first-ever Level 4 self-driving test on a Class 8 fuel cell electric truck to take place in the country. The collaboration seeks to show that autonomous hydrogen fuel cell trucks can help make trucking safer, more efficient, and more sustainable.
“We are excited to showcase our collaboration with Plus to test Level 4 autonomous driving technology with our Class 8 XCIENT Fuel Cell truck,” said Martin Zeilinger, Executive Vice President and Head of Commercial Vehicle Development at Hyundai. “Hyundai Motor has been driving the energy transition paradigm with our advanced fuel cell technologies. By adding autonomous capabilities to our world’s first mass-produced hydrogen-powered XCIENT Fuel Cell truck, Hyundai is looking forward to providing fleets and vehicle operators additional solutions that enhance road safety and freight efficiencies thanks to Plus’s industry-leading autonomous driving technology.”
First introduced in 2020, Hyundai Motor’s XCIENT Fuel Cell truck has conducted commercial operations in eight countries worldwide, establishing a successful track record of real-world applications and technological reliability.
At last year’s ACT Expo, Hyundai introduced XCIENT Fuel Cell tractor, the commercialized Class 8 6×4 fuel cell electric model, powered by two 90kW hydrogen fuel cell systems and a 350kW e-motor, providing a driving range of over 450 miles per charge even when fully loaded.
Plus’s SuperDrive™ solution is being deployed across the U.S., Europe, and Australia. The system uses a combination of cutting-edge sensors, including LiDAR, radar and cameras, to provide surround perception, planning, prediction and self-driving capabilities.
“We are thrilled to collaborate with Hyundai Motor Company on this important initiative to create more sustainable and safe transportation options. A decarbonized future with autonomous hydrogen fuel cell electric trucks that also improve safety and efficiency is one that Plus is proud to support with our cutting-edge autonomous driving technology,” said Shawn Kerrigan, COO and Co-Founder at Plus.
Hyundai Motor and Plus have released a video highlighting their collaboration, which can be seen here: https://www.youtube.com/watch?v=_d19h_v7abo.  
About Hyundai Motor Company
More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
About Plus
For more information, visit http://www.plus.ai/.
Photo – https://mma.prnewswire.com/media/2417773/2___Image__Hyundai_Motor_and_Plus_Announce_Collaboration_to_Demonstrate_First_Level_4_Autonomous_Fue.jpg

View original content:https://www.prnewswire.co.uk/news-releases/hyundai-motor-and-plus-announce-collaboration-to-demonstrate-first-level-4-autonomous-fuel-cell-electric-truck-in-the-us-302151236.html

Continue Reading

Trending