China’s Midea pledges US$8.7 billion for AI and robotics in pivot to automation

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Midea Group, a Chinese home appliance giant and owner of Kuka Robotics, announced plans to invest 60 billion yuan (US$8.7 billion) in AI and robotics research and development over the next three years. This investment, matching their spending of the past five years, will focus on areas like AI and embodied intelligence. The move follows Midea's recent unveiling of the Miro U humanoid robot, which has already improved efficiency at one of its washing machine factories in Wuxi. Since acquiring Kuka in 2017, Midea has increased its focus on robotics, including establishing a state key laboratory and an innovation center for humanoid robots. This investment reflects a broader trend among Chinese electric appliance makers to embrace automation and AI technologies.
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