Roomba creator iRobot was once courted by Amazon for a vacuum revolution. Now, it might go out of business
iRobot became synonymous with home robots when it introduced the Roomba vacuum over 20 years ago, eventually selling 50 million models and becoming an acquisition target for Amazon. But the company gave investors a stark warning Wednesday, saying it may go out of business as sales and headcount plummet.
Roomba Maker IRobot, Once Amazon's Takeover Target, Flags Going Concern Risk
Roomba vacuum cleaner maker iRobot, a former $1.4 billion buyout target of Amazon.com, raised concerns on Wednesday about its ability to stay in business. Shares of the company fell more than 30% in afternoon trading,
Roomba vacuum maker iRobot warns it may go bust, sending stock down 30%
After its latest financial figures were worse than forecast, the company said there’s “substantial doubt” it can survive another 12 months.
No More Roomba? iRobot Warns That Its Business Might Not Survive
Mounting losses and declining revenue following the collapse of an Amazon acquisition 'raise substantial doubt about [iRobot's] ability to continue,' the company tells investors.
iRobot launches new Roomba robot vacuum series – but there’s a very big catch
Robot has announced its new range of Roomba robot vacuum cleaners. Featuring four new models, the new iRobot Roomba series marks the first time that the brand has introduced LiDAR navigation. Pre-orders are expected to open on 18th March,
Roomba maker iRobot warns it may go out of business, sending shares plunging
The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.
Roomba, the Original Robot Vacuum, Is on the Verge of Going Broke
"As we move ahead, we will continue to take decisive action to reclaim our position as the industry leader and build on iRobot's strong foundation centered around our globally recognized, iconic brand,
No one wants 'killer robots,' venture capitalist says in talk on how to tackle military AI
Ethical considerations are not limitations, Snowpoint Ventures' Doug Philippone said. They're the "cost of doing business." ...
The Pentagon is actually going to let AI help plan military operations
The Pentagon has introduced a new project designed to bring AI into military planning, which seems like a very bad idea.
Bears Wire17d
L3Harris expands its presence of robots to combat explosive devices on battlefield
L3Harris is exploring additional uses for the robots, including pairing them with drones for defense purposes. The company is actively seeking new contracts from military allies worldwide.
Yahoo Finance17d
Military Robots Market Size worth $30.26 billion by 2031 With Growing at CAGR 7.9% - Exclusive Report by The Insight Partners
US & Canada, Feb. 25, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, “the global Military Robots Market Size and Forecast (2021 - 2031), Global and ...
Axios on MSN1d
New humanoid robots get smarter with Google's AI
Google announced Wednesday it is bringing the broad knowledge of its Gemini large language models into the world of robotics.
New York Post23d
‘War robot’ designed for defense bizarrely performs DJ set at nightclub: ‘A fun moment’
but rather to build robots for national defense and military purposes. The robotic startup’s clientele include auto manufacturers, warehouses and logistics firms and the US Department of Defense.
New Atlas29d
Milrem cries HAVOC and lets slip a new robot of war
Milrem has been fielding an increasingly sophisticated range of military robots for over a decade now based on a common platform of tracked vehicles that can be adapted to a variety of missions ...
Yahoo News Australia1mon
Military Robot Deployed as Nightclub DJ
As the San Francisco Gate reports, an AI-powered humanoid robot meant to be deployed by the military took on an entirely different kind of battleground last weekend when it commanded the decks at ...
The Phnom Penh Post6h
Drones, robots take lead in South Korea-US joint drill against North Korean weapons of mass destruction
This scene unfolded on Wednesday at the Mugeon-ri Training Ground in Yangju, Gyeonggi Province — some 23 kilometers from the border with North Korea — as part of this year’s Freedom Shield exercise, ...