In 2019, Shopify spent $1 billion to build fulfillment centers in the U.S., trying to compete with Amazon by deliver packages in less than 48 hours. This effort was described by Shopify CFO Amy Shapero as “energizing the flywheel.”
Eli Lilly and company (LLY.NYSE) and robotic cloud-computing provider, Strateos, unveiled the Lilly Life Sciences Studio lab, a new robotic laboratory in San Diego, Calfornia, designed to accelerate the drug discovery process today.
Massachusetts-based roomba designer, iRobot (IRBIT.Q), working with manufacturing solutions provider, Jabil Inc, announced production commencement on the creation of new robots ahead of schedule in Malaysia today.
Full disclosure: I used to work for Amazon (AMZN.Q) as one of their machine-grunts. That’s why when Shopify (SHOP.NYSE) acquired warehouse fulfillment company, 6 Rivers Systems, yesterday for $450 million, I had to take a closer look.
This is the first installment in our “Shooting the Shit” series here at EQUITY.GURU, where we sit around the office in a round table format and shoot the shit about a company one of us knows about and the others don’t. This time it’s a Brazilian tech company, YDreams Global (YD.V). YDreams not only possesses some of the most advanced interactive display technologies, but the company also builds incredibly advanced robots, which act as artificially intelligent receptionists on wheels. YDreams’ product portfolio is almost as extensive as its client list with the likes of Unilever, Coke, Nike and Audi using the company’s services. Why have we never heard of YDreams? Is the company worth looking into? Well, listen in, you might just like what you hear.