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Advertisement Agility Robotics CEO Peggy Johnson says humanoid robots are filling some labor gaps. The company's Digit robots began "working" inside factories this year. Agility Robotics is hoping to deploy Digit across industries like grocery, automotive, and pharma. Robots are coming for our jobs — at least the repetitive, back-breaking jobs humans increasingly don't want to do. Peggy Johnson, the Silicon Valley veteran who became chief executive of Agility Robotics earlier this year, said to Business Insider that it'll soon be "very normal" for humanoid robots to become coworkers with humans across a range of workplaces. Related Video Many factories in the US are struggling to recruit workers amid a labor shortage that Deloitte predicts could cost the economy as much as $1 trillion by 2030. In January this year, there were 622,000 manufacturing jobs that hadn't been filled, according to data from the Bureau of Labor Statistics . Enter the robots. "First in the business-enterprise space because that's where the need is highest. And then, as Digit learns new skills, it'll start to be able to go beyond logistics and manufacturing facilities and eventually, somewhere way down the line is consumer robots," Johnson said in an interview at the Web Summit tech event in Lisbon, Portugal, earlier this month. Advertisement Digit is Agility Robotics' mobile manipulation humanoid robot. It stands at 5' 9" and has hands designed to grip and carry objects. Its backward-folding legs allow it to maneuver around a workspace. Digit also has animated LED eyes that act as indicators to its human coworkers to let them know which function it's about to perform next. This year, Digit became the first humanoid robot to be "paid" for performing a job. Agility Robotics signed a multiyear deal with GXO Logistics for Digit to be deployed in its Spanx womenswear factories, moving boxes known as totes and placing them onto conveyor belts. Related stories Agility Robotics charges a monthly fee, similar to a software-as-a-service model, which includes the Digit robot, its work cell, and the robot's operating software. Advertisement While Agility Robotics hasn't disclosed the exact amount its Digit robots are paid, the company has previously said that GXO is estimated to see a return on its investment within two years, based on the equivalent of a human working an hourly rate of $30. Johnson said that any company that requires material handling — be it pharmaceutical or grocery — could make use of a workforce of Digits. "Mobile phones started first in the enterprise space because there was an ROI for a salesperson not to stop and find a phone," Johnson said. "That will happen with robots." Advertisement Ford is testing how Digit could enable robot curbside-to-door delivery. Ford Amazon began testing Digit in its warehouse operations last year. Ford is looking at how it can deploy Digit with its autonomous vehicle technology to create a "last-mile" delivery service. Most recently, Agility Robotics struck a deal with German automotive and industrial supplier Schaeffler , which also made a minority investment in the company. Agility Robotics has raised around $178 million in investment to date, a spokesperson said. It competes with the likes of Apptronik , which is working with NASA on humanoid robots, and Boston Dynamics, which has created humanoid robots called Atlas that it says can run and jump over obstacles, as well as perform factory worker tasks . Agility Robotics' humanoid robots are currently only permitted to work inside a specific, cordoned-off space separate from human workers. But Johnson said that by mid-2025, the next-generation version of Digit would be able to safely operate around humans. The company is aiming for the new model to be commercially available within 18 to 24 months. Advertisement A 2023 Gallup poll found that around a fifth of US workers were worried that their jobs would become obsolete because of technology, up from 15% of workers polled in 2021. Johnson said Agility Robotics hadn't had pushback from the likes of workers' unions despite advancements in the number of human-like tasks Digit can perform. Widespread deployment of humanoid robots is still some way off, however. "I think they also recognize that these are jobs that they haven't been able to fill," Johnson said. "We tend to think of it as augmenting humans and not replacing humans — it's just taking some of the tasks off their plate." Hype and misleading marketing videos are 'not great' for the robotics industry While Digit robots are starting to be tested in some workplaces, Johnson said getting them to perform tasks around the home, like folding laundry, will take a while longer. Advertisement "A household is a very chaotic environment: At any given moment a child's ball runs across the room, and dogs run by, there's things that are in the way," Johnson said. "Warehouses are much more disciplined." Johnson previously held senior roles at Microsoft and Qualcomm and was most recently the CEO of augmented reality startup Magic Leap. She joined Agility Robotics in March 2024. Agility Robotics Johnson said the data gathered by robots working in warehouses will eventually be used to train consumer robots. But she added that she wants Agility Robotics to focus on demonstrating what its technology can actually perform today — rather than the concept videos used by some of its competitors. Robotics videos and demos at trade shows and events are often highly choreographed, she said. For instance, Tesla's humanoid Optimus bots at last month's robotaxi event were remotely operated by humans behind the scenes . Advertisement An image of Tesla's Optimus robot serving drinks at the company's "We, Robot" event. The robots were remotely controlled by humans. Tesla "The hype, in general, is not great for the industry because people think it's somehow not here and now," Johnson said. "My job is to say, no, it is here and now. Humanoids are deployed right now and are getting paid to do work." Agility Robotics takes a similarly cautious approach to its application of artificial intelligence, which is deep in the hype stage. Johnson described the company as "AI agnostic," as it uses various models in reinforcement learning to help fine-tune Digit's leg movements and help it recognize and carry out various tasks. "Many companies in the robotics space think, well, now that AI is here, I can just build a complete AI stack. We think that is very dangerous right now," Johnson said. "The problem is, just asking ChatGPT a question — it doesn't always answer exactly right. Can you imagine if what it's telling it to do is move an arm around and these things are human forms, 5' 9", 160 pounds? They have a lot of force."G7 ministers throw support behind Israel-Hezbollah ceasefire but make no mention of ICC warrant
An online debate over foreign workers in tech shows tensions in Trump’s political coalitionBefore speaking at the occasion PM Modi, agreed to a woman’s request to meet a 101-year-old IAF officer named Mangal Sain Handa during his visit to Kuwait. New Delhi: Prime Minister Narendra Modi addressed a massive community program titled “Hala Modi” at the Shaikh Saad Al Abdullah Indoor Sports Complex he expressed a profound sense of connection, describing the gathering as a “mini India.” The event was attended by the Indian community in Kuwait. “People from North, West, East and South, who speak different languages are here, ‘lekin sab ke dil me ek hi goonj hai – Bhatrat Mata Ki Jai’...” he said. In his address, Modi highlighted the unique significance of his visit, noting that it marked the first visit by an Indian Prime Minister to Kuwait in 43 years. He emphasised the ease of travel between the two nations, contrasting the mere four-hour flight with the four-decade gap between prime ministerial visits. “It takes only four hours to travel between India and Kuwait. However, it took PM four decades to visit Kuwait,” the PM said. The Prime Minister praised the contributions of Indian workers in Kuwait, highlighting their hard work, honesty and skills. This praise was not merely rhetorical; Modi specifically cited India’s leading position in global remittances, attributing much of this success to the dedication of Indians working abroad, particularly in Kuwait. He emphasised the deep respect and admiration held by Kuwaiti citizens for the Indian community. “Whenever I speak with the leadership of Kuwait, they praise the contributions of Indians working here. Kuwaiti citizens also hold a deep admiration for Indians because of your hard work, honesty and skills. Today, India ranks first in the world for remittances. Much of this success can be attributed to dedicated individuals like you. Additionally, our fellow countrymen value and respect your contributions,” he said. PM Modi noted the palpable warmth and sense of belonging he felt upon arrival, highlighting the unifying spirit among attendees who hailed from diverse Indian states yet shared a common pride in their heritage. He expressed his joy at seeing a microcosm of India’s rich diversity represented in Kuwait.”I have reached Kuwait just two and a half hours ago, since the time I have stepped here, I am feeling a different sense of belonging, a different warmth all around. You all have come from different states of India, but seeing all of you, it seems as if a mini Hindustan has come in front of me.” Modi also emphasised the synergy between India’s economic vision and Kuwait’s ambitions. He underscored India’s prowess in skill, technology, and innovation, positioning India as a crucial partner in Kuwait’s drive towards a dynamic and innovative economy. “Kuwait through trade and innovation, wants to be a dynamic economy. India is also focusing on innovation and strengthening its economy... India has the skill, technology, innovation and manpower that ‘New’ Kuwait needs.” Beyond the formal address, a heartwarming anecdote further illuminated the personal touch of Modi’s visit. He graciously agreed to meet a 101-year-old former Indian Air Force officer, Mangal Sain Handa, at the request of a community member. Click for more latest India news . Also get top headlines and latest news from India and around the world at News9. Junaid Dar is a multimedia journalist based in Delhi, currently working as the Chief Reporter for News9 Live. He has been at the heart of India’s most pivotal moments. From the intense 2022 UP Assembly elections to the 2024 Assembly elections in Kashmir, and the high-stakes 2024 Lok Sabha polls, Junaid has been on the ground and brought fresh perspectives to his readers.His work goes beyond politics. He has a special knack for telling human stories—whether it’s his Indepth coverage of the farmers' protests, where he focused on the lives and struggles of the protesters, or his courageous reporting during the COVID-19 pandemic, where he risked his own safety to capture the full scope of the crisis. His reporting has appeared in leading national and international outlets, including Voice of America, Daily Vox, Huffington Post, TRT World, Article 14, and India Ahead, among others. Latest News
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The ( ) share price has sunk close to 40% in 2024 to date. Since 10 December 2024, the has dropped more than 10%. The has significantly underperformed the (ASX: XJO) this year – the index has risen more than 5% this year. That means Fortescue shares have underperformed by more than 40%! When it comes to cyclical businesses like Fortescue, past performance is certainly not a reliable indicator of future returns. The market doesn't know what's going to happen next month or next year. We just need to decide if today's value is attractive or not. Let's first examine the iron ore price as it has a key influence on Fortescue shares. According to , the iron ore price has fallen below US$105 per tonne but remains above US$100 per tonne. Trading Economics noted that ongoing economic uncertainty in China, combined with a lack of specific details about proposed financial stimulus from the Asian superpower, has been a negative for sentiment. China is the key buyer of global iron ore. While demand is challenged, supply continues to grow over time. Trading Economics noted that ( ) recently resumed operations at two of its Western Australian mines after a temporary halt because of heavy rain. The iron ore price plays a key role in Fortescue's profitability because of its focus on the commodity and mining operating leverage. Mining costs don't change much month to month, so a rise in the iron ore price can largely flow to . But, a reduction in the iron ore price cuts heavily into profit generation. Near the start of 2024, the iron ore price was going above US$140 per tonne – it has fallen significantly since then. Broker UBS estimates the iron ore price could be US$100 per tonne in 2025, US$95 per tonne in 2026 and US$90 per tonne in 2027. In other words, the iron ore price is projected to slowly decline. The outlook is uncertain, particularly if incoming US President Trump's tariffs hurt China's economy. However, it's also possible that China could launch significant stimulus to boost its economy and offset tariff headwinds, which could then be helpful for the iron ore price and Fortescue shares. This isn't the sort of flip-of-the-coin investment I like to make where there are quite a few opposing potential outcomes. But the lower Fortescue share price gives us a bit more safety. It's also important to note that the size of the possible dividends in the next few years is very dependent on what happens with the iron ore price. Over the past few years, I have expressed the opinion that it is better to wait to invest in ASX iron ore shares when the iron ore price is below US$100. This tends to result in a more favourable ASX share valuation. Since the iron ore price is currently above US$100 per tonne, I would prefer to wait for a lower Fortescue share price. However, I believe it is getting close to being an attractive investment.
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