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SoftBank-backed Chinese robot maker, JAKA, to build plant in Toyota's backyard
JAKA is one of a number of companies looking to challenge Denmark-based Universal Robots’s lead in collaborative robots, also called co-robots, which play a complementary role to the hulking machines on automated assembly lines. Other contenders include Japan’s Fanuc and Chinese startup Elite Robot. JAKA’s advantage comes from the size of its home market, as well as its track record as a Toyota supplier. The company’s mean time between failure is 80,000 hours, the equivalent of one incident every nine years or so.
JAKA now makes all of its robots in Changzhou, China, at a factory with an annual capacity of about 10,000 units. For JAKA, the Nagoya plant is not only about serving Japanese buyers. In preparation for the expansion, JAKA Robotics raised a total of 1 billion yuan ($148 million) from investors including SoftBank Vision Fund 2 and Prosperity7 Ventures, a fund under Saudi Aramco.
Aramco and Cognite join forces in new data venture
Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT aims to support the Kingdom’s industrial digitalization, and the wider MENA region.
CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software. These solutions and services aim to help public and private sector companies to future-proof their data infrastructure, increase revenue, cut costs and reduce risks while enhancing operational sustainability and security. CNTXT is Google Cloud’s reseller for cloud solutions in the Kingdom and the exclusive reseller of Cognite Data Fusion in MENA region. Additionally, Google Cloud is expected to launch a “Center of Excellence” later this year to provide training to developers and business leaders in how to use cloud technologies.
Five companies make a quarter of world’s single use plastics
The top 5 companies created roughly 26 million metric tones of plastic waste fueled by demand of the United States and China.