As apprehensions loom regarding robots and artificial intelligence (AI) overtaking traditional jobs, a groundbreaking shift has occurred: a humanoid robot taking the reins as a CEO in a pioneering move by one company. This development isn’t Hanson Robotics’ first feat in 2016, they unveiled Sophia, Mika’s sister. In a video released by Dictador, Mika proudly declares, “With advanced AI and machine learning, I can swiftly and accurately make data-driven decisions.”
Mika isn’t solitary in joining the workforce. The Robotics continue to combine across industries from manufacturing, automotive, and logistics to recent expansions into healthcare, retail, and hospitality. Security robots are gaining resistance for their crime determent and performance in high-risk tasks. The global security robot market is projected to reach $31.08 billion by 2030, with a remarkable compound annual growth rate of 12.8%.
At the forefront of this transformation stands Knightscope, Inc. (NASDAQ:KSCP), a Silicon Valley-based security technology company epitomizing the fusion of autonomy, robotics, AI, and electric vehicle (EV) technology. Knightscope’s fully autonomous security robots are designed to detect, and report security threats. Their innovative technology has proven effective in tackling crime and enhancing the situational awareness of security professionals.
Recent months have seen Knightscope secure significant deals, including a $1.25 million contract for 145 devices with Rutgers, The State University of New Jersey. Additionally, they’ve launched a pilot test of K5 security robots in Manhattan’s subway stations alongside the New York Police Department (NYPD) and the Metropolitan Transportation Authority (MTA).
Knightscope secured two new contracts on November 7 for their K5 ASR, broadening its reach in commercial real estate and casinos, now spanning 43 properties across the nation. Their performance is underscored by existing clients expanding product usage, resulting in shorter sales cycles and increased efficiency. For instance, a gaming client now employs 7 robots across multiple locations, including Las Vegas and New Orleans.
Knightscope’s successful deals aren’t confined to specific sectors; they’ve secured contracts with a community college and a local commercial real estate developer in California. The college selected Knightscope to replace their outdated emergency phone system with K1 Blue Light Towers, while the real estate developer opted for a full-service maintenance contract for K1 Blue Light Towers near UC San Diego.
For those eager to delve deeper into Knightscope’s innovations, further information is available on their official website under the ‘Rise of the Robots’ section. The rise of robots, particularly in the security realm, represents a paradigm shift in technology adoption, promising heightened safety and efficiency across variousindustries.