Samsung Electronics Co., Ltd. (SSNLF)
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- TechCrunch
German Bionic raises $20M led by Samsung for exoskeleton tech to supercharge human labor
Exoskeleton technology has been one of the more interesting developments in the world of robotics: Instead of building machines that replace humans altogether, build hardware that humans can wear to supercharge their abilities. Today, German Bionic, one of the startups designing exoskeletons specifically aimed at industrial and physical applications -- it describes its Cray X robot as "the world’s first connected exoskeleton for industrial use," that is, to help people lifting and working with heavy objects, providing more power, precision and safety -- is announcing a funding round that underscores the opportunity ahead. The Augsburg, Germany-based company has raised $20 million, funding that it plans to use to continue building out its business, as well as its technology, both in terms of the hardware and the cloud-based software platform, German Bionic IO, that works with the exoskeletons to optimize them and help them "learn" to work better.
- Motley Fool
Samsung Gains Share in Smartphone Market Despite Weakening Demand
The consumer technology powerhouse hints it's well-positioned to outpace competitors after 2020's shakeup, foray into 5G.
- FX Empire
Asia-Pacific Shares Finish Lower, but Outperform Stateside Markets
Shares of industry heavyweight Samsung Electronics declined around 2% after the firm on Thursday predicted a fourth-quarter decline in profits.
