LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots.
Today, the company confirmed a $60 million investment in Bear Robotics, the California startup that makes artificial intelligence-powered server robots for restaurants and other venues — autonomous tray towers on wheels that are meant to replace waiters.
With the investment, LG Electronics becomes Bear’s largest shareholder.
We’ve contacted Bear and LG for further comment.
The Korean electronics company has been researching and developing software and hardware in robotics.
That gap introduces a fantastic opportunity for arbitrage — and a lively second-hand and refurbished market.
Getmobil’s growth trajectory has been remarkable, driven by a combination of strategic foresight, operational excellence and a deep understanding of the Turkish electronics — and regulatory — market.
The company’s rise is characterized by its ability to offer consumers high-quality, refurbished electronics at competitive prices, thereby filling a critical market gap.
Before the regulations, the refurbished electronics market in Turkey was chaotic and fragmented, and the quality and warranty coverage of second-hand devices was highly variable.
Navigating the intricacies of Turkey’s electronics market presents a unique set of challenges and opportunities for Getmobil.
Zuckerberg reportedly met Samsung’s executives, including Samsung executive chairman Jay Y. Lee, Wednesday night to discuss potential collaborations around AI chips, semiconductors, and extended reality.
Nvidia continues to dominate the global market for AI chips, leaving a big opportunity for countries that have traditionally been strong in processors or reignite their innovation instincts.
To that end, the social media giant has been ramping up its efforts to secure AI chips, and has been working on its own in-house AI chip, Artemis, for its data centers.
Big tech companies like Microsoft, OpenAI, Amazon, and Google have equally been scrambling for AI chips to support their AI ambitions.
Just yesterday, Zuckerberg met LG Electronics CEO William Cho in Seoul during his tour of Asia.
The global circular economy is growing rapidly, with sales totaling about $339 billion in 2022 and projected to increase more than twofold by 2026. Much of this growth is based…
