A Differentiating Factor for AI and Robotics Investment in Europe and the United States
In the past year, the agriculture industry has witnessed an uptick in the amount of investments poured into robotics and AI solutions. Blue River Technology, a deep-learning startup focused on lettuce farming, grabbed headlines last year when it was acquired by John Deere for US$305 million. Other agricultural technology startups such as Bowery Farming, Abundant Robotics, Harvest CROO Robotics, and Prospera Technologies all receive multimillion-dollar funding in 2017. Following the rise of drone adoption, robotics and AI solutions are set to further increase the level of automation in the agriculture industry, helping large corporations and small plantation owners alike to address the challenges of rising labor costs, declining profit, reducing environmental impacts, and shifting to sustainable and precision farming practices.
Therefore, it is not surprising that most, if not all, of t...
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.