Intel Slumps on Spinout Company RealSense
I'm PortAI, I can summarize articles.
Intel is spinning out its AI robotics and biometric venture, RealSense, alongside a $50 million Series A funding round. The new company aims to develop products for the growing demand in robotics automation. Nadav Orbach will serve as CEO, emphasizing the need for external funding to meet market demands. The robotics market is projected to reach $5 trillion by 2050, with major investments from companies like Tesla and Amazon. Following this announcement, Intel's shares fell by 2.4% to $23.26.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Baystreet The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments