Mentioned:
FANUY -6.88% GOOG -0.89%

One of the biggest robot manufacturers in the world is making a new bet on artificial intelligence. And they’re partnering up with Google to do it.

What’s happening:

  • Industrial robot giant FANUC (OTC: FANUY) has struck a new deal with Google (NASDAQ: GOOG) to leverage their Gemini Enterprise software and Google’s Intrinsic robotics platform to enable FANUC’s robots to understand natural language instructions, identify objects and coordinate tasks autonomously

Why it matters:‍

  • This is the first time ever that FANUC has done a deal directly with Google to integrate their artificial intelligence models and software into FANUC’s robots

Going deeper:‍

  • FANUC is one of the single largest publicly traded producers of robotics and has notably sold more than 1M individual robots globally
  • FANUC is also one of the largest producers of computer numerical controls which are capable of controlling machines and automating manufacturing processes in factories by precisely coordinating multi-axis machine tools to perform with minimal human intervention

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