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Apple Explores Home Robotics as Potential "Next Big Thing" After Car Fizzles

The company has teams working on automated home devicesThe search is on for new growth sources after EV gets nixedApple Inc. has teams investigating a push into personal robotics, a field with the pot

Apple Explores Home Robotics as Potential "Next Big Thing" After Car Fizzles

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":291485540905016,"tweetId":"291485540905016","gmtCreate":1712189377244,"gmtModify":1712189382717,"author":{"id":4095269946437450,"authorId":4095269946437450,"authorIdStr":"4095269946437450","name":"Dion N","avatar":"https://community-static.tradeup.com/news/cc22bc90d2dd039bb8d24cba0a4d72c8","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>maybe they should stop copying or stealing tech</p></body></html>","htmlText":"<html><head></head><body><p>maybe they should stop copying or stealing tech</p></body></html>","text":"maybe they should stop copying or stealing tech","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/291485540905016","repostId":2424745518,"repostType":2,"repost":{"id":"2424745518","pubTimestamp":1712188800,"share":"https://www.laohu8.com/m/news/2424745518?lang=&edition=full","pubTime":"2024-04-04 08:00","market":"us","language":"en","title":"Apple Explores Home Robotics as Potential \"Next Big Thing\" After Car Fizzles","url":"https://stock-news.laohu8.com/highlight/detail?id=2424745518","media":"Bloomberg","summary":"The company has teams working on automated home devicesThe search is on for new growth sources after EV gets nixedApple Inc. has teams investigating a push into personal robotics, a field with the pot","content":"<html><head></head><body><ul style=\"\"><li><p>The company has teams working on automated home devices</p></li><li><p>The search is on for new growth sources after EV gets nixed</p></li></ul><p>Apple Inc. has teams investigating a push into personal robotics, a field with the potential to become one of the company’s ever-shifting “next big things,” according to people familiar with the situation.</p><p style=\"text-align: start;\">Engineers at Apple have been exploring a mobile robot that can follow users around their homes, said the people, who asked not to be identified because the skunk-works project is private. The iPhone maker also has developed an advanced table-top home device that uses robotics to move a display around, they said.</p><p style=\"text-align: start;\">Though the effort is still in the beginning stages — and it’s unclear if the products will ultimately be released — Apple is under growing pressure to find new sources of revenue. It scrapped an electric vehicle project in February, and a push into mixed-reality goggles is expected to take years to become a major moneymaker.</p><p style=\"text-align: start;\">With robotics, Apple could gain a bigger foothold in consumers’ homes and capitalize on advances in artificial intelligence. But it’s not yet clear what approach it might take. Though the robotic smart display is much further along than the mobile bot, it has been added and removed from the company’s product road map over the years, according to the people.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f79cd662bd18f7a5ae8f0fff525c14d6\" tg-width=\"904\" tg-height=\"598\"/></p><p>The robotics work is happening within Apple’s hardware engineering division and its AI and machine-learning group, which is run by John Giannandrea. Matt Costello and Brian Lynch — two executives focused on home products — have overseen the hardware development. Still, Apple hasn’t committed to either project as a company, and the work is still considered to be in the early research phase. A spokeswoman declined to comment.</p><p>Apple investors reacted coolly to the news, with the stock paring earlier gains after Bloomberg reported on the robotics work. It was up less than 1% at $169.65 at the close in New York. Shares of Roomba maker iRobot Corp., meanwhile, briefly jumped as much as 17% — a sign investors thought it might benefit from Apple’s interest in the field. But the rally faded, and the stock gained less than 2% by the close.</p><p style=\"text-align: start;\">Before the EV project was canceled, Apple told its top executives that the company’s future revolved around three areas: automotive, the home and mixed reality. But now the car isn’t happening and Apple has already released its first mixed-reality product, the Vision Pro headset. So the focus has shifted to other future opportunities, including how Apple can better compete in the smart home market.</p><p>The table-top robotics project first excited senior Apple executives a few years ago, including hardware engineering chief John Ternus and members of the industrial design team. The idea was to have the display mimic the head movements — such as nodding — of a person on a FaceTime session. It would also have features to precisely lock on to a single person among a crowd during a video call.</p><p style=\"text-align: start;\">But the company has been concerned about whether consumers would be willing to pay top dollar for such a device. There have also been technical challenges related to balancing the weight of a robotic motor on a small stand. The primary obstacle has been disagreement among Apple executives over whether to move forward with the product at all, according to the people.</p><p style=\"text-align: start;\">Near its campus in Cupertino, California, Apple has a secret facility that resembles the inside of a house — a site where it can test future devices and initiatives for the home. Apple has been exploring other ideas for that market, including a new home hub device with an iPad-like display.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e9e7cbde91bbe61f166bc4bafe38463\" alt=\"John Giannandrea, head of Apple’s AI efforts, is helping oversee the robotics work.\" title=\"John Giannandrea, head of Apple’s AI efforts, is helping oversee the robotics work.\" tg-width=\"2000\" tg-height=\"1334\"/><span>John Giannandrea, head of Apple’s AI efforts, is helping oversee the robotics work.</span></p><p>Apple’s pursuit of the “next big thing” has been an obsession since the Steve Jobs era. But it’s become harder to envision a product that could ever match the iPhone, which accounted for 52% of the company’s $383.3 billion in sales last year.</p><p>A car had the potential to add hundreds of billions of dollars to Apple’s revenue, in part because the vehicles were expected to sell for roughly $100,000 a pop. Few other products have that kind of growth potential, but Apple has a number of projects in the works, including an updated Vision Pro, touch-screen Macs, AirPods with built-in cameras, and new health technologies like a noninvasive blood sugar monitor.</p><p style=\"text-align: start;\">Artificial intelligence is another major focus, even if Apple is playing catch-up in the realm of chatbots and other generative technology. That’s where there could be some overlap with the robotics work. While still in the earliest stages, Apple AI researchers are investigating the use of algorithms to help bots navigate cluttered spaces within people’s homes.</p><p>If the work advances, Apple wouldn’t be the first tech giant to develop a home robot. Amazon.com Inc. introduced a model called Astro in 2021 that currently costs $1,600. But the company was slow to offer the device in major quantities, and it remains a niche product. The company debuted a more business-focused version of the rolling bot last year designed to work as a security guard.</p><p style=\"text-align: start;\">Perhaps the most popular home robot remains the Roomba vacuum, which debuted more than two decades ago. Amazon agreed to acquire iRobot in 2022, but regulatory opposition ultimately doomed the deal. Other companies have also presented the idea of humanoid robots that mimic the size and movements of people.</p><p style=\"text-align: start;\">A silver lining to Apple’s failed car endeavor is that it provided the underpinnings for other initiatives. The neural engine — the company’s AI chip inside of iPhones and Macs — was originally developed for the car. The project also laid the groundwork for the Vision Pro because Apple investigated the use of virtual reality while driving.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/75d1380555942a1a5aa20efffa836fef\" alt=\"Amazon’s Astro home robot has been slow to catch on.\" title=\"Amazon’s Astro home robot has been slow to catch on.\" tg-width=\"2000\" tg-height=\"1501\"/><span>Amazon’s Astro home robot has been slow to catch on.</span></p><p>The robot work got a similar start, originating within Apple’s Titan car project around 2019. That’s when the effort was run by Doug Field, now a top EV executive at Ford Motor Co.</p><p>At the time, Field tapped a series of executives to work on robotics initiatives, ranging from nearly silent indoor drones to home robots. The group included Lynch; Nick Sims, a former Google home products manager; and Dave Scott, who left Apple in 2021 to briefly run a mobile MRI machine company and then returned in 2022 to work on the Vision Pro. Hanns Wolfram Tappeiner, the co-founder of AI and robotics company Anki, is also involved.</p><p>Soon after Field left Apple in 2021, the robotics work was shifted to the home devices group. And at least one former hardware team from the shuttered car project was recently repurposed to the work on home devices and robotics. The car’s operating system — dubbed by some as safetyOS — could also theoretically be tailored for robots, according to people familiar with the effort.</p><p style=\"text-align: start;\">The original concept for the robot was a device that could navigate entirely on its own without human intervention — like the car — and serve as a videoconferencing tool. One pie-in-the-sky idea within Apple was having it be able to handle chores, like cleaning dishes in a sink. But that would require overcoming extraordinarily difficult engineering challenges — something that’s unlikely this decade.</p><p style=\"text-align: start;\">On its website, Apple is advertising for robotics-related roles, indicating that it’s trying to expand the teams working on the project.</p><p style=\"text-align: start;\">“Our team works at the intersection of modern machine learning and robotics to shape the AI that will power the next generation of Apple products,” according to the description of one job. “We are looking for innovative and hardworking ML and robotics researchers and engineers that help us research, define, and develop complex intelligent robotic systems and experiences in the real world.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Explores Home Robotics as Potential \"Next Big Thing\" After Car Fizzles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Explores Home Robotics as Potential \"Next Big Thing\" After Car Fizzles\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-04 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-03/apple-explores-home-robots-after-abandoning-car-efforts?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company has teams working on automated home devicesThe search is on for new growth sources after EV gets nixedApple Inc. has teams investigating a push into personal robotics, a field with the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-03/apple-explores-home-robots-after-abandoning-car-efforts?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4512":"苹果概念","AAPL":"苹果","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4571":"数字音乐概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4507":"流媒体概念","BK4576":"AR","LU0109392836.USD":"富兰克林科技股A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4575":"芯片概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4566":"资本集团","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4195":"互助储蓄与抵押信贷金融服务","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4559":"巴菲特持仓","BK4579":"人工智能","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4550":"红杉资本持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD"},"source_url":"https://www.bloomberg.com/news/articles/2024-04-03/apple-explores-home-robots-after-abandoning-car-efforts?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424745518","content_text":"The company has teams working on automated home devicesThe search is on for new growth sources after EV gets nixedApple Inc. has teams investigating a push into personal robotics, a field with the potential to become one of the company’s ever-shifting “next big things,” according to people familiar with the situation.Engineers at Apple have been exploring a mobile robot that can follow users around their homes, said the people, who asked not to be identified because the skunk-works project is private. The iPhone maker also has developed an advanced table-top home device that uses robotics to move a display around, they said.Though the effort is still in the beginning stages — and it’s unclear if the products will ultimately be released — Apple is under growing pressure to find new sources of revenue. It scrapped an electric vehicle project in February, and a push into mixed-reality goggles is expected to take years to become a major moneymaker.With robotics, Apple could gain a bigger foothold in consumers’ homes and capitalize on advances in artificial intelligence. But it’s not yet clear what approach it might take. Though the robotic smart display is much further along than the mobile bot, it has been added and removed from the company’s product road map over the years, according to the people.The robotics work is happening within Apple’s hardware engineering division and its AI and machine-learning group, which is run by John Giannandrea. Matt Costello and Brian Lynch — two executives focused on home products — have overseen the hardware development. Still, Apple hasn’t committed to either project as a company, and the work is still considered to be in the early research phase. A spokeswoman declined to comment.Apple investors reacted coolly to the news, with the stock paring earlier gains after Bloomberg reported on the robotics work. It was up less than 1% at $169.65 at the close in New York. Shares of Roomba maker iRobot Corp., meanwhile, briefly jumped as much as 17% — a sign investors thought it might benefit from Apple’s interest in the field. But the rally faded, and the stock gained less than 2% by the close.Before the EV project was canceled, Apple told its top executives that the company’s future revolved around three areas: automotive, the home and mixed reality. But now the car isn’t happening and Apple has already released its first mixed-reality product, the Vision Pro headset. So the focus has shifted to other future opportunities, including how Apple can better compete in the smart home market.The table-top robotics project first excited senior Apple executives a few years ago, including hardware engineering chief John Ternus and members of the industrial design team. The idea was to have the display mimic the head movements — such as nodding — of a person on a FaceTime session. It would also have features to precisely lock on to a single person among a crowd during a video call.But the company has been concerned about whether consumers would be willing to pay top dollar for such a device. There have also been technical challenges related to balancing the weight of a robotic motor on a small stand. The primary obstacle has been disagreement among Apple executives over whether to move forward with the product at all, according to the people.Near its campus in Cupertino, California, Apple has a secret facility that resembles the inside of a house — a site where it can test future devices and initiatives for the home. Apple has been exploring other ideas for that market, including a new home hub device with an iPad-like display.John Giannandrea, head of Apple’s AI efforts, is helping oversee the robotics work.Apple’s pursuit of the “next big thing” has been an obsession since the Steve Jobs era. But it’s become harder to envision a product that could ever match the iPhone, which accounted for 52% of the company’s $383.3 billion in sales last year.A car had the potential to add hundreds of billions of dollars to Apple’s revenue, in part because the vehicles were expected to sell for roughly $100,000 a pop. Few other products have that kind of growth potential, but Apple has a number of projects in the works, including an updated Vision Pro, touch-screen Macs, AirPods with built-in cameras, and new health technologies like a noninvasive blood sugar monitor.Artificial intelligence is another major focus, even if Apple is playing catch-up in the realm of chatbots and other generative technology. That’s where there could be some overlap with the robotics work. While still in the earliest stages, Apple AI researchers are investigating the use of algorithms to help bots navigate cluttered spaces within people’s homes.If the work advances, Apple wouldn’t be the first tech giant to develop a home robot. Amazon.com Inc. introduced a model called Astro in 2021 that currently costs $1,600. But the company was slow to offer the device in major quantities, and it remains a niche product. The company debuted a more business-focused version of the rolling bot last year designed to work as a security guard.Perhaps the most popular home robot remains the Roomba vacuum, which debuted more than two decades ago. Amazon agreed to acquire iRobot in 2022, but regulatory opposition ultimately doomed the deal. Other companies have also presented the idea of humanoid robots that mimic the size and movements of people.A silver lining to Apple’s failed car endeavor is that it provided the underpinnings for other initiatives. The neural engine — the company’s AI chip inside of iPhones and Macs — was originally developed for the car. The project also laid the groundwork for the Vision Pro because Apple investigated the use of virtual reality while driving.Amazon’s Astro home robot has been slow to catch on.The robot work got a similar start, originating within Apple’s Titan car project around 2019. That’s when the effort was run by Doug Field, now a top EV executive at Ford Motor Co.At the time, Field tapped a series of executives to work on robotics initiatives, ranging from nearly silent indoor drones to home robots. The group included Lynch; Nick Sims, a former Google home products manager; and Dave Scott, who left Apple in 2021 to briefly run a mobile MRI machine company and then returned in 2022 to work on the Vision Pro. Hanns Wolfram Tappeiner, the co-founder of AI and robotics company Anki, is also involved.Soon after Field left Apple in 2021, the robotics work was shifted to the home devices group. And at least one former hardware team from the shuttered car project was recently repurposed to the work on home devices and robotics. The car’s operating system — dubbed by some as safetyOS — could also theoretically be tailored for robots, according to people familiar with the effort.The original concept for the robot was a device that could navigate entirely on its own without human intervention — like the car — and serve as a videoconferencing tool. One pie-in-the-sky idea within Apple was having it be able to handle chores, like cleaning dishes in a sink. But that would require overcoming extraordinarily difficult engineering challenges — something that’s unlikely this decade.On its website, Apple is advertising for robotics-related roles, indicating that it’s trying to expand the teams working on the project.“Our team works at the intersection of modern machine learning and robotics to shape the AI that will power the next generation of Apple products,” according to the description of one job. “We are looking for innovative and hardworking ML and robotics researchers and engineers that help us research, define, and develop complex intelligent robotic systems and experiences in the real world.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":40,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}