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The wearables AI market size is estimated to be USD 16,998.2 million in 2022 and is expected to witness a CAGR of 29.87% during the forecast period 2023-2033, according to a new report by Researchandmarkets.

COVU, an AI-enabled digital platform for insurance agencies, has released a new executive forecast on the industry shift toward using generative artificial intelligence (AI) tools to help insurance agencies streamline operations, customer service, and cross-selling opportunities.

Ottonomy.IO has demonstrated Ottobot Yeti, an autonomous delivery robot capable of unattended deliveries, at NRF 2023, retail’s big show, at the Javitz Center in New York. Designed for first mile, last mile deliveries and locker integration, Ottobot Yeti enables unattended deliveries as the next step in autonomous deliveries for companies.

Machina Labs today announced the completion of an investment by Lockheed Martin Ventures (LMV), the venture arm of Lockheed Martin Corporation. Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products. This latest funding brings the total raised by Machina Labs to $21.8M.

OffWorld, provider of AI-powered industrial Swarm Robotic Mining systems, has started selling a new line of robot species, built for surveying environments (on the surface and deep underground), performing precision excavation, and collecting, hauling, and processing material. The company aims for swarm robotics in mining to improve customer productivity and cost efficiency.

The global military drones market reached a value of nearly $13,309.0 million in 2021, having increased at a compound annual growth rate (CAGR) of 2.5% since 2016. The market is expected to grow from $13,309.0 million in 2021 to $18,908.6 million in 2026 at a rate of 7.3%. The market is then expected to grow at a CAGR of 6.1% from 2026 and reach $25,399.7 million in 2031, according to a new report by Researchandmarkets

Polysentry, provider of platforms to integrate and analyze complex data sets, has been awarded a Small Business Innovation Research (SBIR) Phase II contract from the Department of the Air Force (DAF). In partnership with the Air Force Nuclear Weapons Center (AFNWC) and the USAF Digital Transformation Office (DTO), Polysentry will develop AI-COP, an AI-enabled Classification Operations Platform.

Built Robotics, maker of robotic Exosystem and working in construction autonomy, will acquire Roin Technologies, makers of an automated concrete power trowel. With this acquisition Built Robotics wants to expand automation beyond construction into new applications and markets.

In a large joint AI initiative, NVIDIA and Dell Technologies have launched a wave of Dell PowerEdge systems with NVIDIA acceleration. A total of 15 next-generation Dell PowerEdge systems can draw from NVIDIA’s full AI stack — including GPUs, DPUs and the NVIDIA AI Enterprise software suite — providing AI applications, including speech recognition, cybersecurity, recommendation systems and language-based services.

Soft Robotics, a Bedford, Mass., startup, is using NVIDIA Isaac Sim to help close the ‘sim to real gap’ for robotic gripping applications. One area is perfecting gripping for pick and placement of foods for packaging. Unlike other industries that have adopted robotics, the $8 trillion food market has been slow to develop robots to handle variable items in unstructured environments, says Soft Robotics.