Robot vacuum company files for bankruptcy
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Picea Robotics and a business partner revealed it entered into a buyout deal with Roomba producer iRobot via court-supervised bankruptcy proceedings.
The robotics business is at a turning point, finally integrating artificial intelligence's full potential into moving machinery.
Richtech Robotics operates in a rapidly evolving robotics sector dominated by big tech and aggressive capital deployment. Read why RR stock is a Sell.
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.
Robotics company Teradyne plans to establish a $32 million plant and create 230 jobs in Wixom amid an automation boom across the manufacturing sector.
The Chinese government is betting that robots will drive economic growth. But the bots can’t really do much yet.
Since the start of the year, Serve Robotics has expanded its fleet twentyfold. It is deploying its robots in key U.S. markets, including Los Angeles, Atlanta, Dallas-Fort Worth, Miami, Chicago, and Fort Lauderdale, Fla. The company plans to launch additional cities in early 2026.
Robot companies are racing toward a breakout year, but they'll have to confront some fundamental problems before making bigger promises.