These Robots Are Using Artificial Intelligence To Sort Your Recycling | Forbes
Ғылым және технология
They are coming-for your trash. Sorting through 67 million tons of glass, plastic and paper is dirty, low-paid, mind-numbing work. Matanya Horowitz’s AMP Robotics wants to take humans off the job.
Even before Covid-19 struck, AMP Robotics was starting to gain traction. But as boxes from home deliveries piled up at recycling centers and hiring-already a tough proposition-got even tougher as workers feared getting ill, AMP’s business boomed. “It’s repetitive and not ergonomic, and you are surrounded by unsanitary stuff like hypodermic needles,” says AMP founder and CEO Matanya Horowitz. “With Covid on top of that, people are saying, ‘Do I really want to put my hands in this material that maybe came from an infected person’s house?’”
AMP, which is based in Louisville, Colorado, has sold or leased 100 of its AI-powered robots since 2017 to more than 40 recycling facilities in North America, Europe and Japan. They’re not cheap, at a cost of up to $300,000 (or around $6,000 a month to lease), but those recycling centers are betting that the hefty capital expense will pay off with lower employment costs and higher efficiency. Forbes estimates that AMP’s revenue this year will reach $20 million, double its $10 million for 2019. And there’s lots of room for growth: Recycling is a $6.2 billion (revenue) market in the U.S., and while the overall market has been growing at less than 2% a year (and declined this year due to Covid-19), facilities are trying to figure out how to get more out of their waste, the majority of which still ends up in landfills.
Thanks to both its technological promise and fast growth, AMP was featured on both Forbes’ AI 50 list of artificial intelligence companies to watch and the Survivors and Thrivers list of 25 small business standouts that outperformed during the pandemic. While Horowitz, who has a Ph.D. in robotics from Caltech, bootstrapped the business to start, AMP has now raised $23 million in venture funding. Forbes estimates it reached a $100 million valuation with its latest round, in November 2019, led by top VC firm Sequoia.
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Пікірлер: 21
what do i need to study and of what I need to be part..to have chance to be part of such tem of such project?
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The youtube channel Freethink has an update on this sector from the company AMP Rohotics. Cool stuff
Manufacturers need to redesign product packaging and shipping containers to use less plastic or recycle it
@justryingmybest
2 жыл бұрын
This is true, and I think we are seeing a good push towards that now. Starbucks is replacing plastic straws with compostable plastic, which is a huge step forward. I think there is room for that technology to expand to our plastic cups and lids across restaurants across the board.
IMHO more meaningful work than developing electric vehicles
Interesting subject, unfortunately reported in drab manner...
@justryingmybest
2 жыл бұрын
It might be one of his first reports. If you are interested in the subject the coverage is enough
@justryingmybest
2 жыл бұрын
He seems genuinely excited about the project!
So... That's true that 99% of jobs will be automated.
I had an idea for a startup like this but i guess they beat me to it
@justryingmybest
2 жыл бұрын
Recycling is a big industry. Plenty of room for another player!
@darylthomas7317
11 ай бұрын
Waste is a millions of tonnes global problem, please dnt think even 4 or 5 players can solve these things even nationally, we need many many more globally. Please dnt let this stop you dig right in we need more players in this😅
@theshapeexists
7 ай бұрын
@@darylthomas7317try billions of tons. The problem is that current technology costs more to sort the material than it's worth, especially with the current awful fluctuations of commodity prices. I worked here for almost 3 years. Best job I ever had
Very interestig. AI is slowly changing the world!!!!
3.02 so big pulsation of air system tubes on the left, it can be broke however... bad quality
@garagado1532
Ай бұрын
2025 de cozumunu bulurlar diye umuyorum 10 yildir ustunde calisilan bi proje
Yeah, so here is this threat that this is the only job the AI will need us for
Quieter machinery would be really beneficial , using organic to heat homes and condos and apartment building . Fertilize gardens
Of course, robots use artificial intelligence! What do you expect, human intelligence ? Genius....