Latest news with #RFM
Business Insider
a day ago
- Business
- Business Insider
Genesis AI Raises $105M to Train Robotics AI Aiming at $30T Labor Market
Genesis AI, a private company, has raised $105 million in seed funding to develop a universal robotics foundation model (RFM) designed to automate physical labor across industries. The round was co-led by Eclipse Ventures and Khosla Ventures, with participation from Bpifrance, HSG, and notable investors including former Google (GOOG) CEO Eric Schmidt and French billionaire Xavier Niel. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The company, founded in December 2024, operates out of Palo Alto and Paris. Its co-founders are Zhou Xian, a Carnegie Mellon robotics Ph.D. holder, and Théophile Gervet, a former researcher at Mistral AI. Genesis Aims for Full Stack Approach Genesis AI's core product is a large-scale model designed to equip robots with the ability to handle a wide range of real-world tasks. Its in-house physics simulation engine generates high-quality synthetic data, reducing the need for expensive and time-consuming real-world data collection. Combined with a data pipeline for real robot interactions, the company claims it can build robotics AI systems faster and more cost-effectively than competitors relying on third-party tools. The goal is to bring general-purpose robotics closer to reality by making it more flexible, robust, and cost-efficient. Genesis AI plans to release components of its model and data engine to the developer community by the end of 2025. $30 Trillion to $40 Trillion in Global GDP According to the company, over 95% of physical labor worldwide remains unautomated, despite accounting for an estimated $30 trillion to $40 trillion in global GDP. Genesis AI is targeting this opportunity with a full-stack approach that spans simulation, generative modeling, and real-world deployment. While competitors like Tesla (TSLA) and Nvidia (NVDA) focus on hardware or modular platforms, Genesis AI is betting that foundation models will define the next phase of robotics. If successful, its platform could support a range of use cases, from warehouse operations to consumer robots. Using TipRanks' comparison tool, we've assembled and compared the tickers appearing in the piece that operate in the robotics sector. This helps investors gain a proper perspective on each stock's performance and the industry as a whole.
NDTV
a day ago
- Sport
- NDTV
England vs India Scorecard
Match begins at 15:30 IST (10:00 GMT) ENG IND Career Avg. Matches Bat Bowl Ben Duckett 34 43.68 0 Batting: LHB | Bowling: OB Harry Brook 26 58.04 50 Batting: RHB | Bowling: RM Jacob Bethell 3 52 25.66 Batting: LHB | Bowling: SLO Joe Root 154 50.92 45.66 Batting: RHB | Bowling: OB Zak Crawley 55 31.55 0 Batting: RHB | Bowling: OB Ben Stokes 112 35.31 31.93 Batting: LHB | Bowling: RFM Chris Woakes 58 26.42 28.90 Batting: RHB | Bowling: RFM Jamie Overton 1 97 73 Batting: RHB | Bowling: RF Jamie Smith 11 45.31 0 Batting: RHB | Wicket Keeper Ollie Pope 57 35.94 0 Batting: RHB | Wicket Keeper Brydon Carse 6 19.33 22.96 Batting: RHB | Bowling: RF Jofra Archer 13 7.75 31.04 Batting: RHB | Bowling: RF Josh Tongue 4 10.33 28.21 Batting: RHB | Bowling: RFM Sam Cook 1 0 119 Batting: RHB | Bowling: RMF Shoaib Bashir 17 7 37.72 Batting: RHB | Bowling: OB Career Avg Matches Bat Bowl Abhimanyu Easwaran 0 0 0 Batting: RHB | Bowling: LBG Karun Nair 7 49.25 0 Batting: RHB | Bowling: OB KL Rahul 59 34.70 0 Batting: RHB Sai Sudharsan 1 15 0 Batting: LHB | Bowling: LB Shubman Gill 33 36.57 0 Batting: RHB | Bowling: OB Yashasvi Jaiswal 20 52.86 0 Batting: LHB | Bowling: LB Nitish Kumar Reddy 5 37.25 38 Batting: RHB | Bowling: RMF Ravindra Jadeja 81 34.75 24.59 Batting: LHB | Bowling: SLO Shardul Thakur 12 17.68 29.36 Batting: RHB | Bowling: RMF Washington Sundar 9 42.54 25.64 Batting: LHB | Bowling: OB Dhruv Jurel 4 40.40 0 Batting: RHB | Wicket Keeper Rishabh Pant 44 44.44 0 Batting: LHB | Wicket Keeper Akash Deep 7 8.30 35.20 Batting: RHB | Bowling: RFM Arshdeep Singh 0 0 0 Batting: LHB | Bowling: LMF Jasprit Bumrah 46 6.77 19.60 Batting: RHB | Bowling: RF Kuldeep Yadav 13 13.26 22.16 Batting: LHB | Bowling: LWS Mohammed Siraj 37 4.78 31.83 Batting: RHB | Bowling: RF Prasidh Krishna 4 1.25 35.15 Batting: RHB | Bowling: RFM Advertisement
Korea Herald
17-06-2025
- Business
- Korea Herald
LG CNS partners with US robotics firm Skild AI on industrial humanoid robots
LG CNS, a Korean IT solutions provider under LG Group, announced Tuesday it has entered a strategic partnership with US-based robotics company Skild AI to develop industrial humanoid robot technologies. The agreement also includes an investment via LG Technology Ventures, the group's corporate venture capital arm. Skild AI, co-founded by Carnegie Mellon University professors Deepak Pathak and Abhinav Gupta, is recognized for its Robot Foundation Model RFM, which functions as a robot's AI-driven 'brain.' It enables autonomous decision-making by learning from images, text, audio and video data, and is designed for use across a wide range of robotic platforms, both humanoid and non-humanoid. Through the collaboration, LG CNS plans to create AI humanoid robot solutions tailored to industrial settings such as manufacturing and logistics. These robots are expected to perform tasks including facility monitoring, assembly and handling logistics operations. LG CNS also plans to expand applications to urban environments, including senior care and patrol services. The company will offer an integrated robotics service that brings together Skild AI's RFM, LG CNS' platform for robot control and management, and hardware developed in collaboration with manufacturing partners. 'By combining Skild AI's robotics foundation model with LG CNS' solution expertise, we aim to become a leading intelligent AI robotics service provider,' said Lee Jun-ho, head of LG CNS' Smart Logistics and City Business Unit. 'We will drive innovation and help clients achieve smarter operations.' According to a Goldman Sachs report, the global humanoid robot market is projected to grow at an annual rate of 50.2 percent, reaching around $38 billion by 2035.
Yahoo
26-03-2025
- Health
- Yahoo
Sask. minister says farm eggs allowed at farmers' markets after confusion
After confusion and concern over proposed food safety changes, Saskatchewan's Minister of Health has announced producers will not be required to grade their eggs when selling directly to Farmers' market consumers. The directive comes after outcry from egg farmers. They worried proposed amendments to food safety regulations would prohibit them from selling farm eggs at such venues. That was followed by confusion about the province's standing rules. Executive director Holly Laird of the Regina Farmers' Market (RFM) first sounded alarm bells on behalf of their vendors last week. They said the change would restrict local producers from selling farm eggs at markets as they always have. A statement posted to RFM's social media channels following the minister's direction said the market is 'pleased' to see the province reconsidering. 'We are thrilled that the ministry has recognized the vital role farmers' markets play in the local food ecosystem,' said the post. The amendments are to subsection 22 of the Food Safety Regulations Act. The changes are out for public feedback until April 16. The Ministry of Health said the changes are meant to provide clarity to the legislation. When asked to address concerns they would restrict smaller farmers, the ministry said the changes would not alter any rules for producers, that Saskatchewan was already prohibiting the sale of ungraded eggs at markets. But Laird said that's not how SHA or health inspectors have been operating. She noted RFM's inspector 'indicated that if the new regulations proceed as proposed, they will no longer be able to permit the sale of farm eggs at our market. 'We have worked closely with our public health inspector, who has approved egg sales at our market for as far back as anyone involved with the organization can remember,' said Laird in an interview last week. 'And my hope is that we may be caught up in an unintended consequence of making these changes.' Saskatoon Farmers' Market, in an email to the Leader-Post, said it was also watching these regulatory changes closely for the same reason. The Leader-Post wasn't able to get answers on the conflicting messages. The Saskatchewan Health Authority (SHA) deferred a request asking for the status of the rule changes back to the ministry. Instead, a statement said engagement on the regulations is 'interested in making sure that we are meeting the public's expectations of food safety protections in this province.' Pam Miller, of Miller's By-Gone Farms in Whitewood, Sask., said if she were to be barred from selling eggs as a market vendor, it would cut her business by about 40 per cent, and be a loss for both her and the customers who seek farm-fresh eggs each week. Miller said Saskatchewan only has one egg-grading facility, located in Saskatoon. Due to travel and cost, she said it would be a barrier for farmers with flocks the size of hers to take small batches of eggs there for inspection. 'I'm allowed to sell those very same eggs to the public from my farm, so this is not a food safety issue at all. It's a government bureaucracy issue,' she said. 'If we're pushing for more local sales, for supporting local farmers, this is going in the opposite direction.' RFM is now asking the Ministry of Health to write the minister's exemption formally into the Food Safety Regulations, in order to 'ensure ungraded farm eggs remain protected.' 'We want clear assurance that our small farmers and farmers' markets will be safeguarded under the new regulations,' said RFM's post. lkurz@ Alberta's red tape blocks trade for Saskatchewan farm retailer, as U.S. tariff threats continue Regina Farmers' Market says move to Confederation Park is a 'full circle moment' The Regina Leader-Post has created an Afternoon Headlines newsletter that can be delivered daily to your inbox so you are up to date with the most vital news of the day. Click here to subscribe. With some online platforms blocking access to the journalism upon which you depend, our website is your destination for up-to-the-minute news, so make sure to bookmark and sign up for our newsletters so we can keep you informed. Click here to subscribe.
