Fair warning, it’s going to be a quick one from me today. I caught the thing again, roughly three months after the last time I caught the thing. They say, “third time’s the charm,” and I now recognize that they were referring to chest pain and a general light-headedness. Turns out it doesn’t get easier. Send soup. With that in mind, consider this week’s Actuator a bit more on the housecleaning side of things (don’t we have robots for that now?). It’s more of a smattering of links to interesting stories from the past week, along with some that no doubt fell through the cracks last week, during Disrupt. If this is your first Actuator, sorry. Trying hard not to be sick this time next week. Trend-wise (if a week of news can be referred to as such), I’m seeing a bit of a dip in robotic investment news, with university research rushing in to fill the vacuum. More than anything, the latter is most likely due, in part, to the school year being back in full force. Not that robotics researchers get the summer off, of course. Before the fun stuff, let’s discuss potential slowdowns. As investor Kelly Chen noted on our VC panel at Disrupt, “On the less rosy side, I think the layoffs are yet to come. In an economic downturn, the customers will be less willing to be experimental, so they’re thinking about cutting costs and then economics just becomes so much more important.” The list of “recession-proof” industries is short and doesn’t include robotics, despite being relatively unaffected by the drying out of VC funds. We’ve got a double-edged sword here. On one side, automation can help stave off some economic impacts at companies, if properly deployed. On the other, so much of the stuff we talk about here is so long-tail, it’s easy to see investors and others succumbing to very real short-term concerns. Image Credits: Berkshire Grey Obviously, none of this stuff should be painted with too broad a brush. There are so many different factors at play here. Berkshire Grey, which ran aground a stock dip following a 2021 SPAC deal, is an example of a company that recently “made some updates.” For its part, the firm is framing this as more of a correction than anything. BG won’t confirm how large those “updates” are, but they told ZebethMedia: We discussed on our Q2 earnings call that we’ve matured as a company, improved business operations, and know exactly where we need to focus and invest. We made some updates to our team back in August that were small but will help us focus on continuing to grow our business. That news arrives as the company signs an “equity purchase agreement” with Lincoln Park Capital, which it tells me it’s done for the sake of “some added financial flexibility.” Per a release on the latter bit of news: Under the terms and conditions of the Agreement, the Company has the right, but not the obligation, to sell up to $75 million of its shares of common stock to Lincoln Park over a 36-month period, subject to certain limitations. Any common stock that is sold to Lincoln Park will occur at a purchase price that is determined by prevailing market prices at the time of each sale with no upper limits to the price Lincoln Park may pay to purchase the common stock. The company tells me: These types of deals are common. The $75M commitment from Lincoln Capital allows us to access capital in an inexpensive, simple way that provides us with some added financial flexibility. Certainly the overall market for fulfillment robotics looks to be robust. Given the current level of saturation in the market, however, I’d say it’s safe to expect the category to continue to transform for the foreseeable future. Image Credits: Photo by Jared Wickerham/Argo AI One other element worth pointing out in all of this is the human impact of automation. It’s here and it’s not going away anytime soon, but we can ease the blow as a society. Only if we actually choose to do so, of course. A Reuters piece notes the timing of Walmart’s move to lay off nearly 1,500 workers in fulfillment center roles in Atlanta, Georgia, following the acquisition of robotics startup, Alert Innovation. It said the following of the move: We’re converting the fulfillment center on Fulton Parkway to support our growing WFS (Walmart Fulfillment Services) business. As part of the conversion, the facility’s infrastructure, operational resources, processes, staffing requirements and equipment are being adjusted to meet the building’s needs. I really need to stop leading with the bad news, right? I’m not sure tricking a kid into eating their broccoli is a good model for running a successful newsletter. I’ll get this stuff right eventually (and when I’m a bit less light-headed). Image Credits: IHMC (Strike a pose, Vogue) I’ve noted on these pages why I’m not yet 100% sold on humanoid robots (though I’m aware of some compelling arguments for them), but it’s always fun to watch different companies and laboratories take different approaches to the very real issues around real-world usage. The Institute for Human and Machine Cognition, in Pensacola, Florida, recently revealed a system it’s working on with Boardwalk Robotics (and an assist from Moog’s Integrated Smart Actuators) named Nadia. The system was named as an homage to gymnast Nadia Comăneci and is being developed with funding from the Office of Naval Research, which has been behind a number of interesting robotics projects. IHMC notes: The Nadia project, which has a three-year timeline, is intended to function in indoor environments where stairs, ladders, and debris would require a robot to have the same range of motion as a human, which can be particularly useful in firefighting, disaster response, and other scenarios that might be dangerous for humans. Image Credits: Yahav Avigal, Lars Berscheid, Tamim Asfour, Torsten Kröger, Ken Goldberg New(ish) breakthroughs in clothes-folding robots. The dual-armed system SpeedFolding