Robot vacuum company files for bankruptcy
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California startups are building robots to help with fold laundry and other tedious tasks as the race to dominate artificial intelligence intensifies against countries such as China.
Picea Robotics and a business partner revealed it entered into a buyout deal with Roomba producer iRobot via court-supervised bankruptcy proceedings.
Analysts at the investment bank estimated the humanoid robot market will be worth more than $5 trillion by 2050.
The Chinese ODM makes robot vacuums for dozens of companies along with its own 3i line.
Silicon Valley startup Foundation isn't shy about employing its humanoid robots in the defense industry. And yes, the CEO is planning for Phantom to hold a gun
Robot companies are racing toward a breakout year, but they'll have to confront some fundamental problems before making bigger promises.
Building robots with arms, legs, and even faces is a dream for many tech entrepreneurs. For many technologists who want to see more automation in factories, businesses and even homes, the humanoid robot is a major goal.