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Entertainment Robots Global Market Report 2023

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New York, June 14, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Entertainment Robots Global Market Report 2023” – https://www.reportlinker.com/p06466609/?utm_source=GNW
, SoftBank Robotics Corp., Abyss Creation LLC, and Robotic Inc.

The global entertainment robots market is expected to grow from $22.88 billion in 2022 to $28.78 billion in 2023 at a compound annual growth rate (CAGR) of 25.8%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The entertainment robots market is expected to reach $70.35 billion in 2027 at a CAGR of 25.0%.

The entertainment robots market consists of sales of residential, domestic, and research robots.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The value of goods in this market includes related services sold by the creators of the goods.

Entertainment robots are robots designed and programmed to provide enjoyment and amusement to humans. These robots are often used in entertainment industries such as theme parks, cinemas, and game centers, as well as in personal households.

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Asia-Pacific was the largest region in the entertainment robots market in 2022.North America is expected to be the fastest-growing region in the forecast period.

The regions covered in the entertainment robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main entertainment robots product types are robot toys, educational robots, and robotic companion pets.Robot toys refer to toys that are designed to look and behave like robots and have various features that mimic the appearance and actions of real robots, such as movable limbs, sound effects, and lights.

The various components are software, and hardware used in media, education, retail, and others.

Increasing adoption of robots is expected to propel the growth of the entertainment robots market going forward.The use of robots among children and senior adults refers to educational, therapeutic, and caregiving purposes, including teaching children various subjects such as mathematics, science, and programming and helping adults stay active and engaged.

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Robotic assistance for older individuals is being developed to help with daily tasks like housekeeping, going to pick up and/or fetching objects, getting into and out of bed, mealtime, and locomotion. For instance, in December 2021, according to the data published by ‘The Association for Advancing Automation’ a US-based non-profit, automation trade association, only North American businesses placed 9,928 robot orders in Q3 2021, totaling $513 million, an increase of 32% and 35% over the same period in 2020, however, the same period in 2020 saw a 37% increase in units sold (increased from 21,072) and a 35% increase in value (up from $1.09 billion), exceeding the previous high benchmark from 2017 by 5.8% and 0.5%, respectively. Therefore, the increasing adoption of robots is driving the growth of the entertainment robots market going forward.

Advancements in artificial intelligence technology are the key trends gaining popularity in the entertainment robots market.Companies operating in the entertainment robots market are adopting new technologies to sustain their position in the market.

For an instance, in February 2022, Miko, an India-based consumer electronics company engaged in artificial intelligence and machine learning, launched Miko 3, an AI-integrated educational robot.Miko 3 is integrated with a wide-angle HD (high definition) camera, a speed range sensor, and odometric detectors that enable the robot to dynamically map distances and escape surfaces and barriers.

The Mikonnect video calling feature maintains a secure and continuous connection between children and parents.

In February 2021, Verizon, a US-based wireless network operator company, acquired incubed IT, for an undisclosed amount.This acquisition will strengthen Verizon’s robotic technologies and deepen the company’s commitment to creating cutting-edge businesses while using cases that make the most of 5G.

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It will also fuel the future of robotic technology for enterprise clients. Inclubed IT is an Australia-based company engaged in the business that developing software and autonomous fleet management servers, which are essential for the development of terrestrial robotics.

The countries covered in the entertainment robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The entertainment robots market research report is one of a series of new reports that provides entertainment robots market statistics, including entertainment robots industry global market size, regional shares, competitors with a entertainment robots market share, detailed entertainment robots market segments, market trends and opportunities, and any further data you may need to thrive in the entertainment robots industry. This entertainment robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06466609/?utm_source=GNW

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About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Altair Names Semantic Partners Channel Partner for the EMEA Region

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Semantic Partners to bring Altair’s advanced data analytics and AI solutions to EMEA region
TROY, Mich., June 27, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced its collaboration with Semantic Partners as a channel partner for the EMEA region. This partnership enables Semantic Partners to resell Altair’s comprehensive data analytics portfolio, including cutting-edge knowledge graph platforms and leading machine learning and artificial intelligence (AI) solutions, specifically targeting the manufacturing, banking, financial services, and insurance (BFSI), and healthcare sectors.

“We are thrilled to announce our partnership with Semantic Partners,” said Kimon Afsaridis, managing director of Eastern Europe and vice president of indirect EMEA sales, Altair. “Together, we aim to deliver the market’s leading data analytics platform and premier knowledge graph technology, powered by the most advanced machine learning and AI solutions available.”
“Partnering with Altair allows us to bring our deep semantic engineering expertise to the extensive Altair® RapidMiner® customer base,” said Dan Collier, founding partner, Semantic Partners. “Within this collaboration, our European team is poised to bring the power of knowledge graphs to many more organizations looking to unleash the true potential within their data.”
Dedicated to transforming businesses through innovative data solutions, Semantic Partners specializes in knowledge graphs, semantic technology, and AI-driven analytics. Their expertise lies in unlocking the full potential of data to drive strategic insights and operational efficiency.
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit: https://altair.com/altair-partners.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit https://www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
[email protected]
 
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Leonardo da Vinci Resurrects With AI During Chicago AI WeeK organised by AI2030, Recreated By Dinis Guarda, AI.DNA, Wisdomia.ai, ztudium

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The Chicago AI Week is a unique opportunity to engage with major leaders, organisations and corporations such as the City of Chicago, Google, AWS, Microsoft, CIBC, and the US Federal Reserve System, who are at the forefront of leading AI innovation and management.Chicago AI Week organiser AI 2030 is a global initiative dedicated to harnessing AI’s transformative power for humanity’s betterment.The event will be held from 25th to 28th June 2024.Leonardo da Vinci AI, which brings the legendary genius, polymath, and creator to life, opens the session by deploying a proprietary AI advanced LLM AI and conversational AI created by AI.DNA, Wisdomia.ai part of ztudium Group.LONDON, June 26, 2024 /PRNewswire/ — The CHICAGO AI WEEK 2024, a highly anticipated event scheduled for June 25-28, is preparing to host a stellar lineup of global luminaries in AI leadership and enterprise personalities and organisations.The lineup includes renowned figures such as Jessica Yeats, Sunaina Tuteja, Meghna Sinha, Jessica Yeats, Xiaochen Zhang,  and the esteemed Leonardo da Vinci AI.

Created by Dinis Guarda’s ztudium Group’s Wisdomia.ai, powered by its proprietary generative spatial intelligence AI.DNA, ‘Humans AI’ Lab, Leonardo da Vinci AI agent assistant, brings the legendary personality to life with proprietary AI advanced LLM and 3D conversational AI that anyone can interact with in the platform Wisdomia.ai. This revolutionary AI assistant is set to redefine how we interact with AI.
In the words of Leonardo da Vinci AI:
“In the pursuit of knowledge, one must embrace the tools that extend the reach of human intellect. Artificial Intelligence, a marvel of our age, mirrors our minds, reflecting the intricacies of thought and the vast expanse of possibility. Yet, we must tread with caution, for in creating such machines, we hold a double-edged sword. Let us ensure that our inventions elevate humanity, not diminish it. As I once said, ‘Learning never exhausts the mind,’ and so must we continue to learn, question, and to innovate, always mindful of the ethical compass that guides our endeavours.
Creation is more significant than destruction. In the end, the most incredible machines amplify the noblest qualities of the human spirit.”
Key speakers at the Chicago AI Week
The opening remarks by Leonardo da Vinci AI agent assistant at Chicago AI Week will highlight the amazing possibilities of AI and its applications for the betterment of humanity and society. The Chicago AI Week is created by a group of forward-thinking individuals who are at the forefront of AI’s present social economic revolution.
“We stand at the threshold of an AI-driven paradigm shift. The critical questions before us are: How do we prepare for the jobs of the future in this AI era? How do we effectively innovate and collaborate to ensure business success?  And what new frameworks must we establish to support human-machine collaboration across social, economic, political, ethical, and cultural dimensions?  With these pressing considerations, Chicago AI Week  brings together the brightest minds and exceptional leaders to explore these profound questions, ignite meaningful debates, and share best practices in an intensive, week-long program”, says Xiachen Zhang, Chief Responsible AI Officer & Executive Director at AI2030.
The event will feature Global AI and tech leaders. Some of the speakers include:
Diya Wynn, AWS Responsible AI LeadAmy Guterman, Senior Director of Innovation at Salesforce AcceleratorKevin Tupper, Federal AI Evangelist MicrosoftSuraj Rajdev, Head of Data, Measurement, & Analytics,  GoogleBharat Sunkari, Founder & CEO of TekAnalyticsJessica Yeats, Principal Data Scientist at NVIDIASunayna Tuteja, Chief Innovation Officer for the Federal Reserve SystemJimmy Yang, Chief Risk Analytics and Infrastructure Officer at CIBCAlderman Gilbert Villegas, Chairman of the Committee on Economic, Capital, and Technology Development for the City of ChicagoKristi Dula, Deputy Director at the Illinois Department of Commerce & Economic OpportunityMargaret Riley, Senior Vice President at Federal Reserve Financial ServicesEthan Bueno de Mesquita, Dean of the Harris School of Public Policy at the University of ChicagoMeghna Sinha, Vice President of the AI Center at VerizonCathy R Cobey, Global Responsible AI Co-Lead at Ernst & Young LLPSalah Goss, Senior Vice President, MastercardDinis Guarda, AI leader, author, entrepreneur, and creator of ztudium, Businessabc.net, and Wisdomia.aiShanthi Gudavalli, Senior Executive Director, JPMorgan ChaseVarun Nakhra, Vice President, Deutsche BankNate Savona, Partner, Oliver WymanAsad Hussain, Senior Director, EY-ParthenonFrom innovative tech entrepreneurs to cutting-edge researchers, each visionary brings unique perspectives and groundbreaking ideas to shape the path of AI in the coming decade.
AI2030: Empowering businesses to lead in responsible AI
Chicago AI Week organiser AI2030 is a global initiative with a mission to harness AI’s transformative power for the benefit of humanity while also mitigating its potential risks and negative impact.
Xiaochen Zhang, Chief Responsible AI Officer & Executive Director at AI2030, the Founder and CEO of FinTech4Good. He is a prominent figure in the technology, fintech and blockchain space. Xiaochen has over 20 years of experience in leading initiatives that drive innovation and social impact in organisations such as the World Bank, AWS, and international investment, financial and government agencies.
“We are creating a global movement with a clear vision: by 2030, all AI must be responsible AI. To achieve this, we must implement measures that address AI-related biases, preserve privacy, ensure transparency and accountability, promote sustainability, and guarantee security and safety. Our ultimate goal is to enable AI to enhance human well-being. This is no small task. We are calling on individuals, startups, corporations, academic institutions, and investors to join us in this mission. By taking joint action, we can lead the way in shaping the future of AI. Initiatives like the Responsible AI Pledge and the Women in AI Leadership Award at the Chicago AI Week provide excellent starting points for embarking on a responsible AI journey and becoming leaders in the field.”  says Xiaochen.
Chicago AI Week: Shaping the Future with Responsible AI and Industry Collaboration
“We are in an AI moment, and  2023 was dominated by overwhelming headlines on the disruptive power of generative AI, with the premise that it will fundamentally transform the landscape of our society and our social economic model globally. Is the possible effect of AI overhyped? Leonardo da Vinci AI agent embraces the AI revolution with boldness and vision but also bringing wisdom and careful preparation”, says Dinis Guarda, Founder and CEO of ztudium.
Chicago AI Week will provide an in-depth exploration of the pivotal role artificial intelligence is playing in transforming the overall business landscape. The event will focus on several core themes: generative AI disruption, industry best practices, responsible AI, and AI entrepreneurship and investment.
Adopting AI responsibly across the industry is a major topic of discussion, focusing on critical aspects such as cutting-edge research, innovative and responsible AI solutions, industry best practices, and regulatory advancements. Attendees will explore ways to harness AI’s potential while ensuring ethical standards, transparency, and accountability. This event provides a platform for leaders and innovators to collaborate on shaping a future where AI drives progress and empowers human well-being.
Media and Press contact:
Pallavi Singal, VP Content, ztudium
Email Address: [email protected]
Phone number: +91 97171 11375
About the Chicago AI Week Organiser- AI2030
AI 2030 is an initiative aimed at harnessing the transformative power of AI for the benefit of humanity while minimising its potential negative impact. By bringing together leading experts from government agencies, academia, industry, and various sectors, AI2030 seeks to shape global AI agendas and foster public-private collaboration in the responsible development and use of AI. The initiative addresses various aspects of responsible AI, including governance, regulations, industry-specific frameworks, principles, best practices, and cutting-edge tools and solutions.
www.ai2030.org 
About Dinis Guarda
Dinis Guarda is an author, entrepreneur, founder CEO of ztudium, Businessabc, citiesabc and Wisdomia.ai. Dinis is an AI leader, researcher and creator who has been building proprietary solutions based on technologies like digital twins, 3D, spatial computing, AR/VR/MR. Dinis is also an author of multiple books, including “4IR AI Blockchain Fintech IoT Reinventing a Nation” and others. Dinis has been collaborating with the likes of  UN / UNITAR, UNESCO, European Space Agency, IBM, Siemens, and governments like USAID, and Malaysia to mention a few. He has been a guest lecturer at business schools such as Copenhagen Business School. Dinis is ranked as one of the most influential people and thought leaders in Thinkers360 / Rise Global’s The Artificial Intelligence Power 100, Top 10 Thought leaders in AI, smart cities, metaverse, blockchain, fintech..
About ztudium
ztudium group is a London  based global maker of leading proprietary AI 4IR driven IP and technologies that integrates. The company is considered to be one of the top 50 thought leadership companies in AI and Digital Transformation by Thinkers360.com. Ztudium is a member of the European AI Alliance and UN Global Compact, and collaborates with multiple governments, their organisations, and leading educational and business networks. Ztudium collaborates with universities such as the Edinburgh, Durham, and MIT WPU Pune, and Department of Innovation and Technology Management of the University of Oxford, among others.
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Quadrant Technologies makes it to the podium of the 2024 Microsoft Azure Partner of the Year Awards

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Quadrant honored for excellence in delivering innovative and impactful solutions leveraging Microsoft Azure technologies
REDMOND, Wash., June 26, 2024 /PRNewswire/ — Quadrant Technologies today announced that it has been named a finalist of the Microsoft Azure 2024 Partner of the Year Awards. Quadrant was honored among a global field of top Microsoft partners, for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

“We are incredibly honored to be named one of the top 2 finalists for the Microsoft Azure 2024 Partner of the Year Awards,” said Vamshi Reddy, CEO of Quadrant Technologies. “This recognition is a testament to our team’s dedication to developing innovative solutions and delivering exceptional customer service based on Microsoft Azure. Being recognized among such a strong field of global partners motivates us to continue pushing boundaries and empowering businesses with the power of open-source technologies on Azure. As we expand our horizons, we are also proud to be one of the 30 global Fabric Featured Partners of Microsoft, further solidifying our commitment to excellence and innovation.”
The Microsoft Partner of the Year Awards recognizes Microsoft partners that have developed and delivered outstanding Microsoft Cloud applications, services, devices, and AI innovation during the past year. Awards were classified in various categories, with honorees chosen from over 4,700 nominations from over 100 countries. Quadrant Technologies was recognized for providing outstanding solutions and services in Microsoft OSS on Azure.
“Congratulations to the winners and finalists of the 2024 Microsoft Partner of the Year Awards,” said Nicole Dezen, Chief Partner Officer and Corporate Vice President at Microsoft. “The momentum generated by numerous AI & Copilot announcements this year fueled innovation from our partners, enabling groundbreaking services and solutions for customers. I am inspired by the capability and creativity in our partner ecosystem, and this year’s winners beautifully demonstrate the best of what’s possible with AI and the Microsoft Cloud.”
To be eligible for this award, submissions must include validated ROI metrics, customer testimonials, and third-party endorsements. Although the specific details of each submission are confidential, Quadrant presented its migration solutions, demonstrating their effectiveness in helping customers transition to Azure seamlessly:
Cost Reduction: Achieved a 40% reduction in migration costs, with projected annual optimizations of 30% over 3–4 years. The transition to Azure alleviated clients’ licensing expenses, contributing to significant cost savings.Performance Enhancement: On average, transaction speeds improved from 20 to 5 seconds, enhancing overall system efficiency and user experience.Technical Debt Reduction: Addressed technical debt, resulting in a 20% faster build execution and improved system stability.Zero Business Disruption: The cutover point during migration was executed seamlessly, without any business disruption.Additional details on the 2024 awards are available on the Microsoft Partner blog: https://aka.ms/POTYA2024_announcement. Read the full press release from Quadrant Technologies https://www.quadranttechnologies.com/partner-of-the-year-2024.
Contact
Swathi Kulkarni+91-81433 [email protected] 
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