Starbucks Robot Takeover

June 4th, 2024

Before diving into today’s news on AI, VR, Crypto, and Robotics…

A friend of mine is working on a course where he shows people how to make money with automated crypto trading bots. I’ve personally been investing my money in AI driven trading bots for the last few years (and have made pretty good money with it).

If you’re interested in learning more about it, just reply to this email and I’ll send you more details.

Read Time: 10 Minutes

Today’s Menu

  • Naver's Autonomous Starbucks with 100 Delivery Robots

  • Bitcoin Price Dips Below $69,000 After Briefly Topping $70,000

  • NVIDIA Humanoid Robot

TODAY IN AI

Naver's Autonomous Starbucks with 100 Delivery Robots

Naver, a South Korean search giant, showcased a video of its in-office autonomous Starbucks, featuring 100 robots delivering coffee and other items throughout the building.

The company's "Rookie" and "Ambidex" robots work together, connected to Naver's ARC system, to efficiently navigate the 36-floor building using a dedicated elevator system called RoboPort. This real-world application of service robotics demonstrates how quickly this technology may become mainstream.

A lot of fast food places, like McDonald’s, have managed to automate a significant amount of jobs through self-checkouts (but have failed to automate the actual cooking).

New robotics technology could be the nail in the coffin for fast food workers.

TODAY IN CRYPTO

Bitcoin Price Dips Below $69,000 After Briefly Topping $70,000

Bitcoin's price dipped below $69,000 after briefly exceeding $70,000 on Monday, currently trading around $68,900.

The broader crypto market, as measured by the CoinDesk 20 Index, is down 0.70%. Although Bitfinex attributed the recent slump to long-term holders selling, this trend has stalled, with a growing number of BTC addresses accumulating over the past month, indicating increasing bullish sentiment.

We saw an interesting video from Chamath (Founder of Social Capital) yesterday where he predicted a $500K BTC pricepoint by next fall.

He’s not the first one to make an aggressive prediction like this…

Balaji Srinivisan predicted $1,000,000 per BTC in the next 90 days earlier this year. We love Balaji…but unfortunately he was pretty far off base with that one.

We personally think these predictions are part of an effort to drive more institutional investors to pick up the BTC ETF and drive the price up (which we’re totally down for).

TODAY IN ROBOTICS

NVIDIA Plans Humanoid Robot

NVIDIA has announced Project GR00T (Generalist Robot 00 Technology), a general-purpose foundation model designed to drive breakthroughs in humanoid robots and embodied AI. GR00T-powered robots will be able to understand natural language, emulate human movements, and quickly learn skills to navigate and interact with the real world. As part of this initiative, NVIDIA unveiled Jetson Thor, a new modular computing platform optimized for humanoid robots. It features a next-gen GPU delivering 800 TFLOPS of AI performance to run multimodal generative AI models like GR00T. NVIDIA is partnering with leading humanoid robotics companies to build robots using this platform.

In addition to Project GR00T and Jetson Thor, NVIDIA has made significant updates to its Isaac robotics platform. These updates include Isaac Lab, a GPU-accelerated application for running parallel robot learning simulations; OSMO, which orchestrates robot development workflows across distributed compute environments; Isaac Manipulator, a collection of pretrained models and libraries enabling robotic arms with dexterity and modular AI capabilities; and Isaac Perceptor, which provides multi-camera 3D surround-vision for autonomous mobile robots. These new Isaac platform capabilities are expected to be available in the next quarter.

NVIDIA believes that the enabling technologies are coming together for roboticists to make giant leaps towards artificial general robotics. By unveiling a powerful new foundation model, computing platform, and development tools, NVIDIA aims to accelerate innovation in humanoid robots and embodied AI applications. The company is partnering closely with industry leaders to bring these cutting-edge technologies to market.

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  • Owning Multiple Passports

  • Purchasing Crypto Assets

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