Rethink Robotics closed its doors on October 4, 2018. It is surprising that for many collective observers, the most prominent Artificial intelligence (AI) researchers. This is the latest indication in the robotics industry. According to the robotics companies, Rethink robotics are forced to close its doors. No additional funds could be found. The buyer could not find the company in the final attempt to sell the company assets.
Rethink Robotics is not the only robot company to shut its doors last year. Although the CES opened a year ago in 2017, Mayfield Robotics was the developers of the social robot community. It had been closed for a few months before recycling in August 2018. Personal robotics device manufacturers, Gebo, were also closed. These companies have jointly acquired hundreds of millions of dollars and have developed their products over the years.
Robotics is Getting Hard:
The Robotics industry says “Robotics is very difficult”. Metallic, electronics and other human-engineered bits are functioning difficult. This is to produce well-designed tools for human bodies, climbing machines, climbing stairs, rebuilding fire pillars, creating complex parts and making humans the most difficult task. If you want to engage Alexa or Siri in a natural conversation, most of the robots are limited to a range of operations and simplified capabilities. They are capable of simplifying the capability and flexibility.
The industrial robots are maintaining repeated welding and manipulation operations. Sophisticated robots provide limited interaction and entertainment bots. These limitations make the robot’s intelligence with the sort of different variations and recurring tasks. Rethink robotics are trying to break up.
Unlike the purpose of industrial bots in isolated environments, they are considered to be auxiliary machinery for comfortable training and rebuilding work closer to people. Rethink Robotics pioneered the cobalt space. Companies such as Universal Robots, ABB and KUKA are able to easily train humans, jumped into space, after seeing the promise of small, formal-factor robots.
Product-Market Fit Research Confusion:
Despite the death of Rethink Robotics, Cobb offerings from Universal Robotics and others are strong. So, is there something happening in the industry that does not symbolize a big problem? Perhaps this reform can go hand in hand with market research and strategies for research-driven enterprises, not just with the industry or the particular policy. When news of the rhythmic robotics is closed, the response of the batsmen in practice is mixed.
It’s easy to say that some have rethinking bots and managed to maintain a wide range of use cases, but there are also some more expensive than enormous, limited add-ons and competitors. Although rhythmic robotics argue from others about the benefits of its competition, the actual problems of the competition are reduced to real problems. Simply put, rhythm robotics has grown into an area and contributed to the development, with more attractive contenders surpassing it.
For many reasons, venture capitalists funded these market forces to be more important than any long-term vision of the robotics company and decided not to continue funding. Similarly, Mayfield, Jibu, and others can be referred to as a reference to a solution that has been found to be valuable. Social robots or soil-roaming bots outside the hospital and hotel conditions are not necessarily intense, as market demand has not resulted in companies and investors coming into space to reorganize their investments.
What’s next in Future?
All this seems to indicate that the robotics industry is not going away anytime soon. However, investors make their investments more complicated and are more focused on market forces than reality’s promises, and we enter into the reality-based age of investments in Artificial Intelligence. The difficulty is that this reality phase is limited to the robotics industry (so far).
Tech companies in the other corners of the AI are still more intensely powered by investors than pockets and robotics. Will investments continue to support the industry now and investments? Or are these investors also driven to land through market and competition facts? Still visible. The hope is to continue investing, after all, the search for the intelligent machine is still fully realized.