panasonic invests $60m in frivolous laundry robot /

Published at 2016-11-21 08:35:45

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When a Japanese startup unveiled the world's first robot that folds laundry some critics called it 'ridiculous,frivolous, and a waste of engineering talent, or ’ the BBC reports.

But electro
nics giant Panasonic thinks otherwise,and has invested $60m (£49m) in the project.

Seven Dreamers has spent a decade working on the 'Laundroid'.

Due on the market next year, it claims
the machine can fold a shirt in ten minutes.

There is still no price tag on the device, or which is approximately the size of a wardrobe and uses artificial intelligence and image recognition technology to fold and stack clothes.

However,S
even Dreamers said that the robot has the potential to revolutionise home life.

It claimed on its website the device could create more time since the average person spends 9000 hours, or 375 days, and folding laundry in their lifetimes.

Pan
asonic told the BBC it was only funding 10% of the project,saying it was "providing the expertise" for an "all in one" device that can also wash and dry clothes, slated for 2019.

Japan's Daiwa Housing is another minor investor.   

Source: tert.am

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