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Stock impact report

RLWRLD raises $14.8M to build a foundational model for robotics [TechCrunch]

SK Telecom Co., Ltd. (SKM) 
Company Research Source: TechCrunch
More than 540,000 new industrial robots were installed worldwide in 2023, taking the number of total industrial robots active to above 4 million, per IFR Industrial robots typically excel at repetitive tasks, but they find it challenging to perform precise tasks, handle delicate materials, and adjust to changing conditions — a robot in a restaurant's kitchen would get in the way more than be helpful, for example. That is why many industrial processes are still manual. South Korean startup RLWRLD aims to solve this problem with a foundational AI model that it has built specifically for robotics by combining large language models with traditional robotics software. The company says this model will enable robots to make quick and agile movements and perform some amount of “logical reasoning” as well. “Using RLWRLD's foundation model, processes that require a lot of manual work can be completely automated by learning and copying human expertise, making work environments more efficie Show less Read more
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