Panasonic invests $60 million in laundry robotNovember 21, 2016 - 11:56 AMT PanARMENIAN.Net - When a Japanese startup unveiled the world's first robot that folds laundry some critics called it 'ridiculous, frivolous, and a waste of engineering talent'. But electronics giant Panasonic thinks otherwise, and has invested $60m in the project, BBC News said. Seven Dreamers has spent a decade working on the 'Laundroid'. Due on the market next year, it claims the machine can fold a shirt in ten minutes. There is still no price tag on the device, which is about the size of a wardrobe and uses artificial intelligence and image recognition technology to fold and stack clothes. However, Seven Dreamers said that the robot has the potential to revolutionise home life. It claimed on its website the device could create more time since the average person spends 9,000 hours, or 375 days, folding laundry in their lifetimes. Panasonic told the BBC it was only funding 10% of the project, saying it was "providing the expertise" for an "all in one" device that can also wash and dry clothes, slated for 2019. Japan's Daiwa Housing is another minor investor. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |