Cobots are coming to a workplace near you May 19, 2021 | City Talk The word ‘robot’ is a relative newcomer to the English language. It was the brainchild of Czech playwright Karel Čapek who introduced it in his 1920 hit play Rossum’s Universal Robots. The word is drawn from the old Slavic word, robota, which means “servitude” “forced labor” or “drudgery”. By contrast the word ‘cobot’ is a very modern portmanteau [...]
AI is the next frontier for surgical robots May 19, 2021 | City Talk The introduction of robots into surgery has changed modern surgical practise. The global surgical robotics market is expected to reach $98 billion in value by the end of 2024. Being minimally invasive, surgical robots are helping to perform complex surgeries with geometrical precision even in anatomical areas that are difficult for even human surgeons to reach. [...]
UK tech industry grows tenfold in last decade as London leads Europe May 19, 2021 The UK tech industry has expanded tenfold over the last 10 years as London continues to close the gap on Silicon Valley. Between 2010 and 2020 the number of British unicorns — private tech firms valued at more than $1bn — grew from eight to 81, while the number of companies nearing unicorn status also [...]
Biden charges up $174bn electric vehicle plan in Michigan speech May 18, 2021 US President Joe Biden today called for government grants for new battery production facilities as he made the case for his $174bn (£123bn) electric vehicle plan today. During a speech at a Ford electric vehicle plant in Michigan, Biden vowed to “set a new pace” for the technology and reverse what he described as the [...]
Robinhood poised to publish IPO filings ‘as soon as next week’ May 18, 2021 Trading platform Robinhood is reportedly preparing to publish filings for its initial public offering as soon as next week as it gears up to go public next month. The commission-free app, which saw its popularity surge following a retail trading frenzy during the pandemic, is targeting late June for its float, Bloomberg reported. The filings [...]
These are the jobs of tomorrow May 18, 2021 | City Talk The future looks bright if you are a data analyst, a scientist, a robotics engineer, a business development professional or an artificial intelligence or big data-specialist. These are amongst the top twenty roles that are increasing in demand across all industries, according to the World Economic Forum Future of Jobs Report. The report claims that [...]
6 emerging robotics and automation trends May 18, 2021 | City Talk The Rewired investment fund focuses on enabling the new economy by investing in the next generation of smart robotics. Backed by technology investors including Tej Kohli, Rewired invests across five verticals including machine learning, robotics, bionics, sensors, mapping and localisation. Here we reveal six emerging trends that are shaping the robotics and automation industry during 2021. 1. Medium [...]
Addressing wavering public trust in novel new biotechnologies May 18, 2021 | City Talk Biotechnology is now progressing so quickly that it is becoming too complex and fast-changing for the general public to keep abreast with. One of the major problems with the growing deficit in biological literacy is that misinformation fills the vacuum where understanding ought to be, further compounding the problem. The COVID vaccine has been a [...]
London e-scooter trial to launch in the City next month May 18, 2021 London’s trial of rental e-scooters will begin next month, it has been confirmed, with the City and Canary Wharf among the first areas to test the transport system. The financial hubs have been tapped alongside a core group of boroughs to take part in the trial, which will begin on Monday 7 June. More areas [...]
Crypto criminals: Consumers lose more than $2m in Musk impersonation scams May 17, 2021 Crypto scammers have swindled consumers out of £1.4m in the last six months by impersonating Tesla chief Elon Musk. Scammers claiming to be Musk on social media, who is known for moving crypto markets with his thoughts on Bitcoin, Dogecoin and others, have been identified by the US Federal Trade Commission. Investment scams take on [...]