The AI robot market is set for a massive surge, fueled by recent advancements in generative AI and the expanding Robots-as-a-Service (RaaS) model, according to a new report from Citibank. As outlined in the report, generative AI is transforming how robots operate, enabling them to execute tasks more intelligently, communicate seamlessly with humans, and accelerate development through simulated training. This breakthrough not only boosts productivity but also holds the potential to create entirely new industries, positioning AI-driven robots as a major growth sector. The report also highlights the rapid rise of RaaS, a subscription model allowing businesses to rent robots with minimal upfront costs. Currently valued at $2 billion, the RaaS market is projected to grow at a 17% CAGR, making it a key driver of the AI robotics boom. Knightscope (NASDAQ:KSCP), which is one of the only in-revenue companies offering RaaS, is among the AI robot companies mentioned in the Citi report alongside Boston Dynamics and Tesla (NASDAQ:TSLA). Nvidia (NASDAQ:NVDA), ServiceNow (NASDAQ:SERV), and Symbotic (NASDAQ:SYM) are other companies leading the way in the integration of AI and robotics.
Knightscope (NASDAQ:KSCP) is a Silicon Valley-based security technology company that develops fully autonomous security robots and blue light emergency communication systems designed to deter, detect, and report incidents in real time. Their innovative, cost-effective technology enhances crime prevention and provides security professionals with superior situational awareness. Knightscope‘s mission is to make the United States the safest country in the world.
Knightscope just announced that the Huntington Park Police Department has renewed its contract for the K5 Autonomous Security Robot (ASR) to continue patrolling Salt Lake Park for the sixth consecutive year. Chief Cosme Lozano praised the K5 for enhancing the department’s ability to monitor public spaces and improve community safety. Knightscope‘s technologies significantly reduced crime and nuisance activity in the park, with a 46% drop in crime reports and a 10% reduction in service calls during its first year.
“The women and men in law enforcement deserve the utmost respect for the jobs they do, and they should be equipped with the best tools to accomplish their mission every day,” stated Knightscope Chairman and CEO William Santana Li. “We are honored to be entering our sixth year of service to help protect the places people live, work, study and visit!”.
The K5 ASR, a cornerstone of Knightscope’s technology suite, has been gaining widespread recognition in the tech world. Recently, Citi featured the K5 robot in its influential report titled “The Rise of AI Robots,” positioning it alongside Boston Dynamics’ Spot robot and Tesla’s Optimus. This acknowledgment underscores the growing impact of Knightscope’s innovations and highlights the K5’s role in advancing security technology.
Click here for more information about Knightscope, Inc. (NASDAQ:KSCP).
Tech Companies Driving Robotics Innovation
Tesla (NASDAQ:TSLA) CEO Elon Musk recently provided an update on the Optimus humanoid robot project, revealing plans for low production for internal use in 2025, with potential for higher production in 2026 for other companies. Optimus, unveiled at Tesla’s AI Day three years ago, aims to eliminate repetitive tasks. Despite delays, Musk envisions the robot performing simple yet essential tasks with minimal training. Tesla has recently ramped up hiring for the program, indicating progress toward making Optimus a practical tool for both Tesla and external businesses by 2026.
Nvidia (NASDAQ:NVDA) announced on July 29 new tools and platforms to accelerate humanoid robot development globally. The offerings include NVIDIA NIM™ microservices for robot simulation, NVIDIA OSMO for orchestrating robotics workflows, and an AI-enabled teleoperation workflow for training robots with minimal human data. These innovations aim to simplify development, reduce costs, and speed up deployment. The company also introduced a Humanoid Robot Developer Program, offering early access to these technologies. Companies like Boston Dynamics and Fourier have joined this program to enhance their humanoid robotics projects.
ServiceNow (NASDAQ:SERV) and Boomi have partnered to enhance customer experiences through AI-driven self-service. Boomi will leverage ServiceNow’s App Engine and AI-powered Technology Provider Service Management (TPSM) to improve customer support and self-service capabilities. Additionally, Boomi’s API Management will be integrated with ServiceNow’s Automation Engine, offering users comprehensive visibility into their API landscape. This collaboration aims to streamline workflows, simplify user experiences, and drive personalized business transformations by combining the strengths of both platforms.
Most warehouses lack automation and flexibility, relying on static systems that can’t adapt to changing conditions. Symbotic’s (NASDAQ:SYM) modular system transforms warehouses with full automation, including robot-to-robot handoffs. SymBot mobile robots, using advanced computer vision, navigate and manage storage at high speeds, while robotic palletizers optimize outbound shipments. In 2023, Symbotic enhanced its system with improved traction control, cameras, and data-driven software. With over $24 billion in orders, including from Walmart and Target, Symbotic is revolutionizing distribution by boosting efficiency, reducing costs, and turning warehouses into strategic assets.
On July 31, Knightscope expanded contracts with a Texas school district and a California transportation commission, adding Full-Service Maintenance Plans (FSMP) for their Emergency Communication Devices (ECDs). The plans ensure optimal reliability and support for the 48 K1 Blue Light Towers and 224 K1 Call Boxes across these locations, providing critical communication capabilities.
Click here for more information about Knightscope, Inc. (NASDAQ:KSCP).
Featured Image @ Freepik
Disclosure:
1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.
2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. Market Jar Media Inc. has or expects to receive from Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) up to ninety-three thousand and ninety-nine USD for each 30 day (22 business day) period of campaign duration which is anticipated to be up to 365 calendar days (254 business days) as dictated by Knightscope, Inc.
3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.
4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com.
5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.
6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Knightscope, Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities.
8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.
Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube
