Colin’s Note: It’s the last day of the Consumer Electronics Show in Las Vegas, Nevada…
This week, we’ve seen cubes that pull water from the air around you… fully autonomous lawnmowers… soundproofing face masks that keep your conversations private without having to leave the room… wireless charging pads for your electric car… and so much more.
It’s been a thrilling week of exciting new gadgets and trends… But there’s one industry that stood out among the rest. This industry is the top investment trend I spotted at CES 2024… And it’s going to move the needle in a big way for companies who employ the tech…
Today, we’re looking at robotics and automation.
It’s all in today’s video… Just click below to watch it. Thanks for joining me this week at CES 2024. Write us your thoughts at [email protected].
What’s going on, everybody? It’s the final day of the Consumer Electronics Show – CES 2024 – in Las Vegas, Nevada. I’ve been across the entire show floor looking for the best investment idea that’s set to catapult in the industry over the next couple of years.
Now, there’s a lot on this show floor that simply won’t do that. Now, don’t get me wrong. Yesterday I saw a spectacular micro LED TV from Samsung. And the first thing I’m going to go do when I get home is figure out how much they cost and if I can afford one.
But there’s no one in the TV display market – no one in a lot of these gadgets – that will move the needle from an investment standpoint.
But there is one industry here at CES that’s going to move the needle for corporations, both big and small. It’s going to move revenue and profits… And that industry is automation and robotics.
We’re going to look back in several years at companies like Starbucks, Amazon, or Walmart where they have hundreds of thousands of employees moving boxes, packing products, and doing human labor.
A lot of that will be replaced by robotics in the upcoming years. And today, I’m going to show you several of the cool applications of automation and robotic technology that I found here at CES.
From Richtech, we have a modified trailer run by a beverage-making robot. Another robot will take the drinks to and from where they’re being made. And there’s a full suite of drinks being made in there.
I often fly out of San Francisco. There’s a similar type of robot that makes espressos in a machine there. I think you’re going to be seeing machines like these all across the country.
On to Walmart’s demonstration here at CES. Something we’ve talked a lot about are their warehouses and fulfillment centers. Namely, how do you take a business that’s very human-labor-intensive and automate it with different types of machines and different types of forklifts?
This company – and obviously Amazon – is making a lot of progress there to get you goods even faster and cheaper.
So imagine you’re a Walmart employee and you have to restock something among the tens of thousands of boxes that are in the back of a Walmart. How do you know which box to get? How do you know how many items to get?
Well, Walmart has developed an app where you use your phone camera to scan across the boxes and it shows you in real-time with a blue mark which boxes you need to pick… followed by another screen instructing how many items you need to pick from it.
Right now, the associates are using cell phones… In the future, this will layer into some kind of augmented reality/virtual reality (AR/VR) glasses as well. Very cool.
Next we look at Lotus Robotics. They’ve created a large modular base with 360 degrees of turning capability. It can move a lot of different ways and can park itself. And you create modular attachments to it. For example, they’ve created a street sweeper attachment. It’s already in production and cleaning the streets of China.
This modular type design I think is going to be relatively popular in the robotics space where you create the moving part and then you adapt it to your needs.
On the first day of CES 2024, I showed a demo of a product that helps people with limited mobility. It’s a device you attach around your waist and thighs and it assists you in walking. It will help older individuals or anyone who has trouble walking. I think these have huge use cases and we’ll see a lot of this.
Next, we’re at the John Deere booth. One thing that we’ve talked about here at The Bleeding Edge is the overuse of pesticides in the farming industry. A lot of times, farmers just spray all the crops in a blanket.
Now, they’re combining camera technology with artificial intelligence (AI) to see and spray with precision the specific areas that need to be sprayed, using less pesticide. That’s very good from a cost perspective, but also beneficial environmentally and likely for our health as well.
Well, that was CES 2024, in Las Vegas, Nevada. Colin Tedards here, I’m going to sign off.
But first, one bonus category other than AI robotics that should take off in the next couple of years – I only saw two booths related to it – is server cooling.
Yes, technology to actually cool the chips either on the dice or on the device. I also saw immersion cooling. Keep your eye out for that. Those of you who are paid subscribers to our Exponential Tech Investory service already know we’ve recommended one of the best in the business there.
But we’ll be looking for more opportunities, as that will be a big one in the years to come. Again, Colin Tedards signing off from CES ’24. We’ll see you again next year.