• bitcoinBitcoin(BTC)$79,916.000.42%
  • ethereumEthereum(ETH)$2,502.092.05%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$762.545.64%
  • rippleXRP(XRP)$1.421.58%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$105.984.04%
  • tronTRON(TRX)$0.3333360.44%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.061.66%
  • HyperliquidHyperliquid(HYPE)$86.112.64%
  • zcashZcash(ZEC)$1,066.564.07%
  • dogecoinDogecoin(DOGE)$0.0906107.01%
  • RainRain(RAIN)$0.0171344.39%
  • moneroMonero(XMR)$553.734.23%
  • USDSUSDS(USDS)$1.00-0.01%
  • chainlinkChainlink(LINK)$12.154.08%
  • whitebitWhiteBIT Coin(WBT)$73.740.80%
  • leo-tokenLEO Token(LEO)$9.331.22%
  • cardanoCardano(ADA)$0.2206424.75%
  • stellarStellar(XLM)$0.1857412.62%
  • bitcoin-cashBitcoin Cash(BCH)$260.194.84%
  • daiDai(DAI)$1.000.00%
  • uniswapUniswap(UNI)$7.0912.86%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • CantonCanton(CC)$0.1096021.27%
  • USD1USD1(USD1)$1.000.00%
  • litecoinLitecoin(LTC)$54.433.59%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.421.70%
  • hedera-hashgraphHedera(HBAR)$0.0814163.38%
  • avalanche-2Avalanche(AVAX)$7.653.20%
  • Global DollarGlobal Dollar(USDG)$1.00-0.02%
  • suiSui(SUI)$0.804.11%
  • shiba-inuShiba Inu(SHIB)$0.0000054.28%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.01%
  • nearNEAR Protocol(NEAR)$2.19-1.34%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.0569662.30%
  • tether-goldTether Gold(XAUT)$4,425.18-0.04%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • MemeCoreMemeCore(M)$1.12-0.87%
  • okbOKB(OKB)$115.055.32%
  • Ripple USDRipple USD(RLUSD)$1.00-0.02%
  • BittensorBittensor(TAO)$237.534.13%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.02%
  • AsterAster(ASTER)$0.787.03%
  • aaveAave(AAVE)$134.362.83%
  • mantleMantle(MNT)$0.592.40%
  • pax-goldPAX Gold(PAXG)$4,432.10-0.05%
  • OndoOndo(ONDO)$0.3734101.59%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.0568360.67%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Apollo the humanoid robot starts ‘moving boxes in warehouses’

September 5, 2023
in Business
Reading Time: 10 mins read
A A
Apollo the humanoid robot starts ‘moving boxes in warehouses’
ShareShareShareShareShare

A creepy robot — featuring arms, legs and two eyes, but no other facial features — has stepped up alongside actual workers in warehouses for the first time to lift heavy boxes and containers.

The humanoid looking autobot, named Apollo, stands 5-foot-8 and weighs 160 pounds as it moves items weighing as much as 55 pounds, according to its designer, Austin, Texas-based tech company Apptronik.

YOU MAY ALSO LIKE

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

Marmalade Cafe files for Bankruptcy after closing Calabasas location

The startup, which would not divulge where Apollo has been deployed, said its robot is designed to perform menial tasks — and could one day do chores around the house.

“Initially, it’s going to start working in the supply chain — doing basic material handling tasks, moving boxes and totes,” Apptronik CEO Jeff Cardenas told the news site Axios.

Apollo, however, can’t put it in a full, eight-hour shift on one one charge. Its battery lasts just four hours.

Cardenas said that his company has so far built two Apollo robots with another four in production.


Apptronik, an Austin, Texas-based tech company that employs 85 people, introduced Apollo, the 5-foot, 8-inch tall bot that weighs 160 pounds and is capable of lifting 55 pounds.
Apptronik

The company that created Apollo says that it will be put to work in supply chains where it will do "basic material tasks."
The company that created Apollo says that it will be put to work in supply chains where it will do “basic material tasks.”
Apptronik

Economists believe that robots like Apollo — once mass produced and introduced into the market — could fill jobs in fields like elderly care, manufacturing and security.

“Science fiction has promised us these for a long time,” Cardenas told Axios.

While the current iteration of Apollo “has initial applications,” Cardenas said “it’s a software update away from a new feature or functionality.”


Economists believe that robots like Apollo could fill a void left by humans in the fields of elderly care, manufacturing, and security.
Economists believe that robots like Apollo could fill a void left by humans in the fields of elderly care, manufacturing, and security.
Apptronik

Apollo may even one day help with housework — like Rosie from “The Jetsons.”

“Long term, really the sky’s the limit in terms of what these types of systems will be able to do,” Cardenas said.

For now, the company plans to produce fewer than 100 beta versions that will be put to work outside the lab.


Humanoid robots like Apollo could also one day be tasked with cleaning houses like Rosey the Robot Maid from “The Jetsons.”
Courtesy Everett Collection

“From there, we move into full production, by the end of 2024,” Cardenas said.

Other firms that are among the leaders in the race to build human-like robots include Tesla, Boston Dynamics, Samsung Electronics and Hanson Robotics.

Last year, Tesla said it was planning to have “thousands” of humanoid robots within its factories.


Goldman Sachs estimates that the humanoid robot market could reach $6 billion.
Goldman Sachs estimates that the humanoid robot market could reach $6 billion.
Apptronik

At a concert-like show last year, the company unveiled Optimus, which is said to be learning to navigate on its own, sense the world around it, and pick things up on its own.

Boston Dynamics unveiled “Atlas,” considered the world’s most advanced humanoid robot which has proven capable of walking, dancing, back-flipping, and vaulting.

Last year, Goldman Sachs published a report which predicted that humanoid robots “could be economically viable in factory settings between 2025 to 2028, and in consumer applications between 2030 and 2035.”

The Wall Street investment bank “estimates a $6 billion market (or more) in people-sized-and-shaped robots is achievable in the next 10 to 15 years.”

“Such a market would be able to fill 4% of the projected US manufacturing labor shortage by 2030 and 2% of global elderly care demand by 2035,” Goldman predicted.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place
Business

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

September 6, 2026
Marmalade Cafe files for Bankruptcy after closing Calabasas location
Business

Marmalade Cafe files for Bankruptcy after closing Calabasas location

September 5, 2026
Lululemon shares plunge 18% as retailer slashes outlook ahead of CEO handoff
Business

Lululemon shares plunge 18% as retailer slashes outlook ahead of CEO handoff

September 4, 2026
America’s population of 401(k) millionaires hits record high
Business

America’s population of 401(k) millionaires hits record high

September 4, 2026
Next Post
China Boosts Foreign Markets

China Boosts Foreign Markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
California AG Rob Bonta’s political bid has put the Paramount merger on hold

California AG Rob Bonta’s political bid has put the Paramount merger on hold

August 30, 2026
Francesca Hong ‘undecided’ on seeking endorsement from Mandela Barnes after he suspends campaign

Francesca Hong ‘undecided’ on seeking endorsement from Mandela Barnes after he suspends campaign

September 1, 2026
What Is Agentic AI? How Systems Plan, Use Tools, and Complete Tasks – Unite.AI

What Is Agentic AI? How Systems Plan, Use Tools, and Complete Tasks – Unite.AI

August 30, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!