tech:

taffy

ABB investing $150 million in new China robotics factory; where robots make robots

ABB is investing $150 million in Shanghai, China to build an automated and flexible robotics factory; where robots make robots. The factory is expected to begin operating by the end of 2020.

The Kangqiao manufacturing center, near ABB’s China robotics campus, will combine the company’s connected digital technologies, including ABB Ability solutions, collaborative robotics and artificial intelligence research.

In 2017, one of every three robots sold in the world went to China, which purchased nearly 138,000 units, said ABB in a statement. The company employs approximately 5,000 people in Shanghai, and the company’s robotics businesses in China employ more than 2,000 engineers, technology experts and operational leaders in 20 locations across the country. ABB has invested more than $2.4 billion in China since 1992, with over 18,000 employees in total.

“The concept behind this factory is the same advice we give our customers every day: invest in automation solutions that provide flexibility and agility to grow in whichever direction the market goes,” said Sami Atiya, President of ABB’s Robotics and Motion division.

The Shanghai factory will be modeled as a digital twin, which will provide tailored dashboards for management, engineers, operators and maintenance experts.

In another development, ABB and the Shanghai municipal government has signed a strategic cooperation agreement focused on supporting industry, energy, transport and infrastructure in the region, and to support the “Made in Shanghai” manufacturing initiative. The agreement was signed by Shanghai Mayor Ying Yong and ABB CEO Ulrich Spiesshofer.

[Image courtesy: ABB]

Just in

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.