Intel readies 3D-printed robots for handy consumers

Intel readies 3D-printed robots for handy consumers

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Wed, May 28 2014

By Noel Randewich and Alexei Oreskovic

RANCHO PALOS VERDE California (Reuters) – Intel Corp introduced a walking, talking robot on Wednesday made from 3D-printed parts that will be available to consumers later this year, if they are willing to assemble it with a kit that costs around $1,600.

The company’s Chief Executive Brian Krzanich was accompanied by “Jimmy” on stage at the Code Conference in Rancho Palos Verdes, California. The white 2-foot tall robot shuffled onto the stage, introduced itself and then waved its arms.

Intel describes Jimmy as a research robot, but the company intends to make 3D-printable plans available without charge for a slightly less advanced version, and partners will sell components that cannot be 3D-printed, such as motors and an Intel Edison processor, in kits.

Jimmy can be programmed to sing, translate languages, send tweets and even serve a cold beer.

Under Krzanich, who took over a year ago, the chipmaker is trying to be an early player in emerging technologies like smart clothing, after coming late to the mobile revolution and making little progress in smartphones and tablets.

Its strategy includes engaging tech-savvy do-it-yourselfers and weekend hobbyists working on everything from Internet-connected baby blankets to robots and drones.

Owners of the robots will be able to program them to perform unique tasks. They can then share the programs with other owners as downloadable apps.

Intel, based in Santa Clara, California, hopes the price for the robot kits will fall below $1,000 within five years.

Separately on Wednesday, entrepreneur Bill Gross announced plans for a 3D printer that would sell for $149, far less than devices that now typically sell for $1,000 or more.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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