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Google Plans A Future Where Robots Think For Themselves
Google is helping robots better understand how to be helpful to humans, and the results are encouraging!
Unknown to many of its fanbase, search giant Google has been developing its own semi-secret research laboratory for over a decade. The project is known as X Developments and focuses on exciting projects such as the recent Everyday Robots collaboration.
The project emphasizes the software side of robotics, aiming to make the technology helpful to humans by optimizing robots for tasks that include finding, fetching, and sorting items, as well as training bots to be awesome at ping-pong or catching racquetballs.
Google’s latest milestone is the “Pathways Language Model,” a software solution that gives the company’s robots a better understanding of the world, helping them respond more accurately and efficiently to human requests. So far, the robot workers at Google have been set to work on less-than-glamorous tasks such as trash sorting, with the aim that eventually, they will be able to take on tasks and teach themselves on the fly. Research into seemingly useless tasks like ping-pong might seem frivolous, but these operations require speed and precision, so they help engineers tune their robot sidekicks for future requirements.
Google’s emphasis on robotic precision means that the company is unlikely to release a product for the general public any time soon. Their stance stands in sharp contrast to rival Amazon, which has already offered a product to market named Astro (albeit invite-only) — a $999 robot that seems to offer little more than basic Alexa functionality on wheels.
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“Google tries to be a company that provides access to information, helping people with tasks in their daily lives, you could imagine a ton of overlap between Google’s overarching mission and what we’re doing in terms of more concrete goals. I think we’re really at the level of providing capabilities, and trying to understand what capabilities we can provide,” says Vincent Vanhoucke, Google Research Robotics Lead.
Don’t expect to see a Google-themed robot appearing anytime soon, but keep an eye out for the latest developments from X Developments, as even the company’s homepage points to an exciting future for human / robot partnerships!
News
Paymob Extends Series B Funding To $72M Amid Continued Growth
The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.
Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.
The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.
This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.
Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.
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The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.
Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.