Tag Archive | "Robotics"

Every Sector of the Economy is Going to Benefit From Robotics and AI

“We are on the cusp of ubiquitous automation,” says ROBO Global President William Studebaker. “We have an undeniable inflection point because of the performance capabilities of computing and the cost curve declining such that these now are technologies that used to be science fiction but now have actual use applications. Fast forward six years later and we are at a launching pad in terms of the economic activity that we’re seeing and the innovations. Every sector of the economy is going to benefit from robotics and AI.”

William Studebaker, President and Chief Investment Officer of ROBO Global, discusses how robotics and AI are at an inflection point where soon every sector of the economy is going to benefit in an interview on CNBC:

Every Sector of the Economy is Going to Benefit From Robotics and AI

We were fortunate six years ago to develop an index that tracks the growth in robotics and AI because we saw these technologies changing the way we live and work. We are on the cusp of ubiquitous automation. We have an undeniable inflection point because of the performance capabilities of computing and the cost curve declining such that these now are technologies that used to be science fiction but now have actual use applications. Fast forward six years later and we are at a launching pad in terms of the economic activity that we’re seeing and the innovations. It’s being spread out to all parts of the economy. Every sector of the economy is going to benefit from robotics and AI.

We try to identify the companies that we think have the highest revenue threshold that corresponds directly to selling the technologies. We’re looking for high revenue purity. We’re also looking for large technological mode around their business and we have an interesting lens to capture this. We actually have seven PhDs on our team. They’re really the who’s who in robotics and AI that have built technologies, built businesses, or academic researchers, etc. That gives us a great lens to see not what yesterday’s winners are but what the future winners are likely to be. That gives us an interesting lens.

A World of Prediction, Prevention, and Individualizing Medicine

The official fee is 95 basis points. We do rebate securities lending which is effectively their 25 basis points. So the actual costs are 70 basis point to investors. With a team of industry experts that we have tracking this, I think that we do a pretty good job. We are generally the Alpha that investors are looking for. The index is up a little over 20 percent year-to-date and the last three years is probably close to up 15 percent. We think the inflection is starting here and we’ve got years if not decades of growth ahead of us.

Healthcare is probably one of the most exciting areas for investors to think about. Why? We’re going to a world of prediction, prevention, and individualizing medicine. Effectively, we’re going to create much healthier livelihoods for us but more pulling longer longevity. We live in a world that’s been historically sick care. We deal with the problem after it happens. We’re now going to a world of prevention, prediction, and individualizing medicine. A lot of healthcare structures tend to focus on therapies. We’re actually focused much more on the prediction and the prevention; diagnosis, medical instruments, regenerative medicine, and prevention. These are the kinds of technologies that investors need to embrace when they’re thinking about healthcare.

Every Sector of the Economy is Going to Benefit From Robotics and AI, says ROBO Global President William Studebaker

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Starsky Robotics Launching Fully Autonomous Long-Haul Trucks in Florida

“We are now gearing up to take the person completely out of the cab on public roads in the state of Florida,” says Starsky Robotics CEO Stefan Seltz-Axmacher. “We’ve been testing on Florida roads with people in the cabs for a couple of years. We are starting off in the easiest conditions, in good weather, and with good lighting. In time, we will start driving in light rain and at night. But to start off we will be focusing on the daytime.”


Actual Driverless Truck — With No Passenger — Recently On the Road in Florida Test

Stefan Seltz-Axmacher, CEO of Starsky Robotics, discusses their imminent plans to launch fully autonomous driverless long-haul trucks in Florida in an interview on Fox Business:

Gearing Up To Take the Person Completely Out Of the Cab

We’ve been testing on Florida roads with people in the cabs for a couple of years. We are now gearing up to take the person completely out of the cab on public roads in the state of Florida. We are starting off in the easiest conditions, in good weather, and with good lighting. In time, we will start driving in light rain and at night. All of these conditions are within our operational design domains. We see different areas, different things that are hard, and things that are easy. But to start off we will be focusing on the daytime.

What’s interesting about long-haul trucks is frequently they just drive between different distribution centers which themselves are in industrial areas. That’s where we are focusing on. We are not driving in downtown Miami or mid-town Manhatten. We are driving in places that are slightly more rural between warehouses that are immediately next to the highway. We will be doing broader rollouts next year but we will start doing initial road unmanned tests later this year. We will make sure the local authorities know (which roads we will be driving on) and then we will let the public know afterward.

Starsky Robotics Speed Record For Unmanned Truck in Florida

We Are Building Uber Drivers

We actually operate as a carrier ourselves. If you think about Uber, we are not building Uber or Lyft and we are not building Toyota Priuses. We are building Uber drivers. On the Uber and Lyft side, we are working with companies like C.H. Robinson and Schneider who are then selling our capacities to shippers. So if you can think of a large CPG we’ve probably hauled freight for them. We are building the software but we are also operating the trucks themselves.

Warning other drivers that a truck is self-driving is actually kind of an open question. The issue is, and this is a thing that we’ve seen in regular tests with a person in the cab, that we will have a lot of people driving next to us and see that there is a bunch of cameras (that get distracted). It seems like that if we had signs (saying that the truck is self-driving) that in itself may cause an issue.

Starsky Robotics Launching Fully Autonomous Long-Haul Truck in Florida

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