Assembly Line

AeroFarms Files for Chapter 11 Bankruptcy Protection, CEO Steps Down

📅 Date:

🔖 Topics: Bankruptcy

🏢 Organizations: AeroFarms

AeroFarms®, a global pioneer in the indoor vertical farming sector, has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The petition was filed in the United States Bankruptcy Court for the District of Delaware following the Company’s board deliberations. Alongside the petition, AeroFarms has submitted several ‘first-day’ motions seeking standard relief to transition into Chapter 11 with minimal disruptions to its core business operations.

Read more at iGrow News

The industrial metaverse: A game-changer for operational technology

📅 Date:

🔖 Topics: Metaverse, 5G

🏢 Organizations: Nokia, AeroFarms

By combining its AI-based autonomous drone-control solution and advanced machine-learning capabilities with machine vision tools, Nokia Bell Labs has created a technology that can track the growth of millions of plants. “We have developed a completely autonomous drone solution with multiple drones flying through this farm,” says Klein. That allows the farm to monitor details such as the height and color of its plants, spot poor growth areas, and predict the production yield.

“We actually built a complete digital twin of the farm that gives the growers a real-time picture of the entire production throughout the farm,” says Klein. With data analysis, the farm can optimize its water, energy, and nutrient consumption; speed up troubleshooting; improve accuracy in yield forecast; and maintain a consistently high quality.

Read more at MIT Technology Review