Mentioned:
MELI -1.69% NVDA -6.20% AMZN -3.02%

One of the largest companies in Latin America is taking a chance on something new: humanoid robots.

What’s happening:

  • Mercado Libre (NASDAQ: MELI) has formed a new partnership with Agility Robotics to deploy their humanoid robot known as Digit in one of their logistics facilities

Why it matters:‍

  • This is the first time ever that Mercado Libre has ever deployed a humanoid robot at any of their facilities globally

Going deeper:‍

  • Agility Robotics’ Digit humanoid robot is capable of performing a wide variety of tasks including lifting boxes, unloading items and autonomously navigating complex environments
  • Multiple prominent venture capital funds are investors in Agility Robotics as well as both Amazon (NASDAQ: AMZN) and Nvidia (NASDAQ: NVDA)

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