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How Converging Technologies Are Reshaping Business

In May U.S. scale-up RoboForce introduced Titan, its first AI robot built for real-world industrial deployment in demanding outdoor environments. The U.S. scale-up says Titan has the strength, precision, efficiency, and ability to continuously learn and operate across industrial domains, replacing humans in difficult, dull and dangerous environments. The AI robot has an eight hour runtime with one millimeter accuracy in performing fine motor skills like picking, placing, pressing, twisting and connecting, all-terrain mobility, precise manipulation plus AI-powered learning, communication, and safety compliance capabilities. The young California company is already actively working with customers in the solar, mining, manufacturing and the space sectors, with several pilot programs planned for 2025.

Roboforce and Deep Robotics, a Chinese company that is developing human-like robots for industrial use, are among over 100 cutting-edge young tech companies registered to attend the World Economic Forum’s Annual Meeting of The New Champions in Tianjin, China June 24-26.

It is no accident that the theme of the meeting is entrepreneurship for a new era. Robotics is a great example of the power of convergence and demonstrates how AI is making many existing technologies more useful, says Verena Kuhn, the Forum’s head of Innovator communities.

Robotics is one of eight powerful technology domains including AI, omni computing, engineering biology, advanced materials,spatial intelligence, quantum and next-generation energies that are combining different technologies to create value that no single innovation could deliver alone. These emerging technology combinations are reshaping industries, prompting the Forum to release the Technology Convergence Report on June 3, in collaboration with Capgemini. The report presents a framework that demonstrates how integrating technologies at varying maturity stages can reshape value chains and create new business models. “The future lies in bold combinations,” says the report, and it is not just startups that can benefit.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.