Last week Amazon, the online retailer, announced it was buying a robot maker called Kiva Systems for $775 million in cash. Before you get excited that Amazon may offer a robot that can tuck you into bed at night and read Kindle books to you, this isn’t that kind of robot company. Instead, Kiva Systems’ orange robots are designed to move around warehouses and stock shelves.
Or, as the company says on its Web site, using “hundreds of autonomous mobile robots,” Kiva Systems “enables extremely fast cycle times with reduced labor requirements.” Read Full Article ››