It's the second time this year Rivian has spun out a new company, after it created micromobility startup Also in March.

Analysts estimate as-yet unlaunched Apple Robotics could generate about $130 billion a year by 2040, matching the scale of the App Store and greatly exceeding the combined revenue of Mac and iPad.

Rivian, the electric vehicle maker known for its sleek, adventure-ready designs, is venturing into robotics. The Irvine, Calif.-based company’s newest spinoff, Mind Robotics, focuses on applying A.I.-powered robots to industrial settings. The spun-off entity has already raised $115 million in funding.

During the third quarter earnings call, CEO RJ Scaringe announced Rivian's second spin-off company, Mind Robotics, which specializes in industrial AI

Physical AI robotics company Mimic announced on Monday that it closed a $16 million seed funding round led by Elaia with participation from Speedinvest. The oversubscribed round also drew investment from Founderful,

Electric vehicle company Rivian Automotive (NASDAQ:RIVN) announced third-quarter financial results Tuesday along with an update on upcoming vehicles. The company also announced the spinoff of a new robotics company.

Following in the footsteps of Tesla, which is developing a humanoid robot called Optimus, Rivian on Tuesday announced its entry into the world of robotics.

Teradyne's robotics group cut about another 14% of its staff worldwide as revenue growth has not matched expectations.

Unlike many other robotics ETFs, the Global X Robotics and Artificial Intelligence ETF has been around for nearly a decade. As you might expect, its best performance has come recently, thanks to the AI investment boom, and it has delivered 26% annualized returns over the past three years.

Sweetgreen has reportedly reached an agreement to sell its robotics subsidiary, Spyce, to Wonder in a deal valued at roughly $186 million. Launched in 2018 and revamped with new technology two years later,

A little robot gobbles up little blocks on the floor of St. Michael's Catholic Preparatory School's gym. In the skies above it, two drones, one big and one small, flash lights at one another. Around it,

Robots are not limited to East Asian manufacturers, American warehouses, or European healthcare providers. Humanoid last month said it has partnered with QSS AI & Robotics to accelerate the development, manufacturing, and deployment of humanoid robots across Saudi Arabia.