Latest news with #Mech
Mint
02-07-2025
- Business
- Mint
Unicorn startup that makes ‘superhuman' robots plots path to IPO
The robots are coming, but their arrival might be welcome if artificial-intelligence unicorn startup Dexterity has its way. California-based Dexterity programs what it describes as 'superhumanoids": large industrial robots built to do physically demanding and dangerous tasks. The aim, says founder and chief executive Samir Menon, isn't to replace humans but to amplify them. 'You can try to do robotics in a way that you're replacing people or you can try to do it in a way that you're supercharging people," the 40-year-old said in a recent interview on the sidelines of the ATxSummit in Singapore. In the AI gold rush of the past years, the startup founded by Menon in 2017 has raked in millions in investment. At a $1.65 billion valuation, it's secured 'unicorn" status. Dexterity's robots, designed to operate at temperatures and altitudes unfriendly to humans, have attracted partnerships with U.S. delivery giant FedEx and Japan's Sumitomo Corp. Dexterity's robots are manufactured via partnerships with industrial veterans like Japan's Kawasaki Heavy Industries, which do the manufacturing. Its flagship offering, the Mech, is a roving, two-armed robot that can perform heavy lifting. 'They're kind of inspired by 'Transformers' and 'Pacific Rim'," Menon said, in a nod to the Hollywood blockbusters starring giant robots. Dexterity is currently fundraising and eventually wants to go public in the U.S. Humanoid companies have been pulling in major investments in recent years. According to Crunchbase, six robotics companies became new unicorns last year. This year, more have joined the ranks, including The Bot Co., a robotics company focused on household chores which Crunchbase said was valued at $2 billion though it still hasn't released a product. With profitability for Dexterity still a few years away, Menon says he is prioritizing growth for now. Getting to the IPO stage rests on stable revenue streams and scaling the company, he said. Menon's upbeat on that front, seeing a not-too-distant future where industrial robots are commonplace in places like supermarkets and airports. Market analysts agree. A recent report by Morgan Stanley projects that by 2050, the humanoids market will top $5 trillion. Over 1 billion humanoids could be in use by then, primarily in commercial and industrial settings, it said. The parcel industry, retail and e-commerce sectors are already on the verge of mass adoption, said Menon, predicting take-up by large enterprises that will be 'a great foundational step for physical AI." That doesn't necessarily have to be bad news for the labor market, he said. If robotics firms want to be non-disruptive, they will focus on making robots that are superhuman in size, strength, and can work in extreme heat and cold, said Menon, who holds a doctorate in computer science from Stanford University. 'You can build [robots] in a way that you're copying the human shape, in which case it's designed to replace a human," he said. 'It's a strategic decision. We took the decision to do robotics in a way that supercharges people." Robots can help fill market gaps, the tech CEO argues. In many developed societies, declining birthrates and longer lifespans mean shrinking workforces need to support growing retiree populations. Bain & Company estimates that by 2030, the global shortage of manufacturing workers could reach nearly 8 million, boosting the need for robots to sustain economic growth. While humanoids won't replace swaths of workers overnight, they will take a meaningful share of physical jobs as tech advances and costs fall, the consulting firm said in a report. For Menon, worker deficits mean there is a way to introduce robots in markets like the U.S., Japan and Europe 'in a non-disruptive manner." Big improvements in standards of living in certain developed markets help too, he added. 'A lot of people don't really want to do extremely low-paying, very stressful tasks."
Mint
09-05-2025
- Entertainment
- Mint
The new wave of North-East Indian food in Andheri
In Mumbai's western suburb of Andheri, a Naga restaurant has been running with packed tables on weeknights. Not far, a small eatery is popular for its modest thalis from the North-East. A few kilometres away, a cloud kitchen specialising in Manipuri food has just opened. And, an expert home chef has been familiarising Mumbaikars with the indigenous foods of Assam. There has never been a better time for north-eastern food in Mumbai, and that too in the heart of Andheri West. Since the pandemic, a renewed spotlight on hyperlocal cuisines across the country has seen young entrepreneurs from India's eight sister states reclaiming their distinct eating cultures through delivery kitchens and budget-friendly 10-14 seaters in the area. It helps that the suburb's booming F&B scene, backed by expanding infrastructure and popularity as a hub for the film and TV industry, draw migrants from the region, primarily seeking opportunities in the restaurant, beauty and wellness industries, and often for that one big break in showbiz. 'Amid Mech, who landed in Mumbai from Baksa in Assam in 2007, wanted to become an actor, but as things would have it, he ended up working at restaurants and spas. In 2023, he started The Taste of Northeast India. 'Like most of us, I missed my home food. So I decided to open a restaurant serving dishes from my region," says Mech, who travelled across Nagaland, Assam and Meghalaya for research, and runs it along with his Naga wife Thunchen Beni in Versova. Also read: Once derided as 'stinky', Naga food now fuels entrepreneurship The menu is simple—chicken curries with bamboo shoot and bhut jolokia chillies, banana blossom and fermented fish chutneys, zero-oil dishes and Assamese masor tenga (fish curry)—and modestly priced at ₹400-500 for a meal for two. 'Earlier people were wary of the flavours, but today they ask me to cook axone (fermented soybean)." For Lin Laishram, the Manipuri model and actor from the 2019 Netflix film Axone, starting a cloud kitchen was a way to channel her love for the food she grew up eating. Born in Imphal, she launched Akhoi last month in Versova. Laishram moved to Mumbai in 2001 and after graduating from Sophia College, she relocated to Andheri for work, as most of 'the production houses and casting agencies were in Lokhandwala or Versova." The thalis ( ₹550-650) are best-sellers, and include ooti, a dried peas dish, eromba, a chutney traditionally made of ngari or fermented fish and mashed veggies, the classic singju, a spicy salad, and a delicious chakhao, or black rice kheer. Although most of the ingredients like wood ear mushrooms, herbs like culantro, and heiribob, a pomelo-like fruit, are sourced from back home, she is happy to find seasonal items at the local Four Bungalows market. In nearby Juhu, Singju opened in January with its selection of Assamese, Naga and Manipuri food. Co-founder Raktim Roy, who came to Mumbai from Guwahati in 2009 to work in film production, says, 'There was always a vacuum of not having access to home food." The menu has a few Nepali/Tibetan and Chinese dishes too because the latter 'is the go-to food for Mumbaikars, and we thought they might serve as an entry point to our cuisines." North-East migrants once thronged Kalina-Santa Cruz, where the University of Mumbai campus welcomed students from the region. Old-timers remember Thotrin cafe for its pork specialities, momos, snails and fermented items. Archaeologist and culinary historian Kurush Dalal, who taught on the campus from 2011-19, remembers the premises being open to students from the North-East for Sunday mass. 'A hearty pork curry with potatoes and sticky rice remains my favourite at Thotrin," he says. In 2023, when the F&B industry was slowly bouncing back from the pandemic, two friends decided to open a restaurant that would serve simple, home-style food from Nagaland. Former flight attendant Watirenla Longkumer and fashion consultant Zhuvikali Assumi are from Dimapur, and moved to Mumbai for work. They had started Naga Belly from their apartment in the Oshiwara locality during the lockdown. 'We didn't take it seriously because we were sceptical about how people would react because our food is cooked without oil and spices, and often has a funky flavour," says Longkumer. But when orders started coming in, they had to step up. Today, Naga Belly (mains ₹350-500) is known for its fiery smoked pork and bamboo shoot curries and axone chicken wings, and an excellent anishi pork, a speciality of the Ao tribe. 'We wanted a space on the main road, and not hidden in some gully," she adds. Andheri also works for business owners as rents are comparatively lower than the city's southern neighbourhoods, and Bandra. Gitika Saikia, who has championed the foods of her Assamese community for over a decade, says, 'Considering south Mumbai's vegetarian population, it is tricky to own non-vegetarian kitchens there, that too for cooking pork and buff." Saikia, who runs Gitika's Pakghor out of her apartment in Andheri West, initially got flak for serving red ant eggs and silkworms that she grew up eating for festivals like Bihu. 'I'd say the attitude has changed. People now understand there is a cuisine different from Chinese or Bengali," she adds. In a sea of restaurants serving regional cuisines and global flavours, food from the North-East is clearly having a moment here. While Laishram says, 'we deserve it", Saikia believes, 'there is a long way to go." Also read: Weekend food plan: Sunday brunches and gourmet food gifts for Mother's Day
The Independent
17-04-2025
- Politics
- The Independent
Bulgarian government survives a no-confidence vote over corruption
Bulgaria's government on Thursday survived a second no-confidence motion in parliament in as many weeks. The motion tabled by the Mech party and backed by two other nationalist and pro-Russia groups accused the government of failing to effectively combat rampant graft and bribery. It was defeated in a 130-72 vote in the 240-seat parliament. The government's coalition Cabinet is led by the center-right GERB party. The government condemned the motion as an attempt to derail Bulgaria's plan to adopt the euro at the beginning of 2026, which would consolidate its European integration. Contrary to its declared priority to stand up against corruption, the pro-Western opposition PP-DB did not support the motion, citing an upcoming European Commission report on Bulgaria's bid to join the eurozone as a reason to avoid destabilizing the government. 'Any vote of no confidence before Bulgaria's entry into the eurozone is not a vote to topple the government, but a vote to stop its pro-European course,' said PP-DB legislator Venko Sabrutev. Rampant corruption has marred everyday life in Bulgaria for years, with dishonest public procurement, unregulated lobbying, vote buying and property fraud. Tackling graft has been complicated by the state of the judiciary, which is widely criticized for being beholden to the interests of politicians.
Arab News
17-04-2025
- Politics
- Arab News
Bulgarian government survives a no-confidence vote over corruption
SOFIA: Bulgaria's government on Thursday survived a second no-confidence motion in parliament in as many weeks. The motion tabled by the Mech party and backed by two other nationalist and pro-Russia groups accused the government of failing to effectively combat rampant graft and bribery. It was defeated in a 130-72 vote in the 240-seat parliament. The government's coalition Cabinet is led by the center-right GERB party. The government condemned the motion as an attempt to derail Bulgaria's plan to adopt the euro at the beginning of 2026, which would consolidate its European integration. Contrary to its declared priority to stand up against corruption, the pro-Western opposition PP-DB did not support the motion, citing an upcoming European Commission report on Bulgaria's bid to join the eurozone as a reason to avoid destabilizing the government. 'Any vote of no confidence before Bulgaria's entry into the eurozone is not a vote to topple the government, but a vote to stop its pro-European course,' said PP-DB legislator Venko Sabrutev. Rampant corruption has marred everyday life in Bulgaria for years, with dishonest public procurement, unregulated lobbying, vote buying and property fraud. Tackling graft has been complicated by the state of the judiciary, which is widely criticized for being beholden to the interests of politicians.
Yahoo
17-04-2025
- Business
- Yahoo
Bulgarian government survives a no-confidence vote over corruption
SOFIA, Bulgaria (AP) — Bulgaria's government on Thursday survived a second no-confidence motion in parliament in as many weeks. The motion tabled by the Mech party and backed by two other nationalist and pro-Russia groups accused the government of failing to effectively combat rampant graft and bribery. It was defeated in a 130-72 vote in the 240-seat parliament. The government's coalition Cabinet is led by the center-right GERB party. The government condemned the motion as an attempt to derail Bulgaria's plan to adopt the euro at the beginning of 2026, which would consolidate its European integration. Contrary to its declared priority to stand up against corruption, the pro-Western opposition PP-DB did not support the motion, citing an upcoming European Commission report on Bulgaria's bid to join the eurozone as a reason to avoid destabilizing the government. 'Any vote of no confidence before Bulgaria's entry into the eurozone is not a vote to topple the government, but a vote to stop its pro-European course,' said PP-DB legislator Venko Sabrutev. Rampant corruption has marred everyday life in Bulgaria for years, with dishonest public procurement, unregulated lobbying, vote buying and property fraud. Tackling graft has been complicated by the state of the judiciary, which is widely criticized for being beholden to the interests of politicians.
