CNBC (January 10, 2023) – This robot named Flippy runs the fry station at a White Castle outside of Chicago. With a mechanical arm and using computer vision technology Flippy can cook everything from french fries and onion rings to cheese sticks. White Castle said it plans to add 100 Flippy’s to its kitchens’ nationwide.
Up to 82% of restaurant positions could, to some extent, be replaced by robots. Automation could save U.S. fast food restaurants over $12 billion in annual wages. And restaurants are also struggling to find workers.
American restaurants are down more than 560,000 jobs or about 4.6% of its workforce from their pre-pandemic levels. So what impact will robots have on the fast food industry and the livelihood of its workers? CNBC got a behind the scenes look at restaurant robot maker Miso Robotics to find out.
CNBC – Anheuser-Busch InBev is the world’s largest brewer with 500 brands in more than 100 countries. In 2016, Flemish Interbrew and Brazilian Ambev, together known as InBev, merged with the American legacy company Anheuser-Busch, which ultimately brought AB under the leadership of 3G Capital.
3G Capital is a Brazilian-American global investment firm whose tactics include an aggressive, and at times controversial, cost-cutting strategy. AB InBev’s longtime priority of aggressive acquisitions has been coupled with a focus on profit and price per barrel rather than volume share. Premiumization and expanding beyond beer continue to be winning strategies. In 2021, the company amassed $54.3 billion in revenue with 169,000 employees worldwide. As overall beer consumption has declined, AB InBev has transformed from merely a beer company to the largest beverage company in the world.
Abbott Laboratories newest continuous glucose monitor is now available at participating retail pharmacies and through durable medical equipment suppliers. The Freestyle Libre 3 was approved by the FDA in June and is a step up from previous Abbott systems.
Abbott Laboratories and Dexcom are the leaders in the CGM market, which hit $5.1 billion in revenue in 2021 and is expected to reach $13.2 billion by 2028, according to Vantage Market Research. Abbott’s CGM systems, called FreeStyle Libre, generated $3.7 billion in revenue last year, with 4 million users globally.
CNBC’s Erin Black, a type 1 diabetic, tested out the Libre 3 for over a month. Here is her review.
Amazon ships more U.S. smart home devices than any other company and says Alexa is now compatible with 140,000 devices, far beyond the Echo and Fire TV. But privacy advocates are concerned by all the data these devices collect, and are calling on the Federal Trade Commission to block Amazon’s latest smart home expansion.
Chapters:1:41 First to market 4:27 Acquiring iRobot 7:41 How it uses the data 9:45 Privacy concerns 11:33 Ambient home of the future
After acquiring video doorbell maker Ring in 2018 and mesh WiFi system Eero a year later, Amazon’s now looking to buy Roomba smart vacuum maker iRobot. In a rare move, the FTC is asking for more information before approving the $1.7 billion deal. Ahead of Amazon’s annual smart home event, we talked to Amazon’s VP of privacy to find out what really happens to all the data collected by its devices – and sat down with the head of smart home to hear the strategy behind Amazon’s race to dominate the internet of things.
A new industry of floating infrastructure is emerging to help adapt to rising sea levels. There are two distinct approaches that are being put forth as possible solutions: retrofitting homes to be amphibious and building floating cities.
Amphibious homes can preserve the accessibility of the house and maintain the congenial front porch culture in places like Louisiana, said Elizabeth English, founder and director of The Buoyant Foundation Project. English’s design places a steel frame beneath a house, and then below that, in the crawl space, buoyancy elements. Her team then recommends adding elements to prevent lateral movement so the home will not float away while on the surface of floodwaters.
She estimated that a contractor could do such a retrofit for about $20 to $30 per square foot, but cautioned the Federal Emergency Management Agency currently discourages this type of building practice. Modern floating cities are the brainchild of architect Bjarke Ingels. He told CNBC he hopes his Oceanix City, which is currently slated to be built in the harbor near Busan,
South Korea, will be “a city that is the most resilient city you can imagine, but at the same time, the most enjoyable city that you can imagine.” “We really hope that it will be a successful project and we would like to replicate it in other parts of the world,” Maimunah Mohd Sharif, executive director of the United Nations Human Settlements Programme, told CNBC of the Oceanix development.
She said the world must look more into adaptation and hopes that the project can help mitigate or even solve the problem of sea-level rise. Would you live in a floating city or retrofit your home so it floats during floods? Watch the video above to learn more about what life could be like in these innovative climate change adaptations.
The western U.S. is experience a megadrought so severe, it is the driest two decades in at least 1,200 years. And no sector has felt the impact more than agriculture, which takes up about 70% of the world’s freshwater. With water resources becoming more scarce, several companies are working to improve irrigation efficiency and help sustain food production in a future where extreme climate may be more common.
Chapters: Ch. 1: 2:08 The West’s drought Ch. 2 4:48 Water in agriculture Ch. 3 8:02 Smarter irrigation Ch. 4 11:08 Indoor farming Ch. 5 13:11 Future technologies
The ocean’s waves are immensely powerful. Harnessing that energy for grid-scale electricity production would be a major boon to the clean energy industry, but building durable, powerful, and cost-effective wave energy converters has proven difficult.
Chapters:1:46 The challenges 4:05 Wave energy in the U.S. 4:49 (Subchapter) CalWave 6:05 (Subchapter) Oscilla Power 7:34 (Subchapter) C-Power 9:00 Wave energy in Europe 11:51 The future
Now though, an influx of federal funding is helping many U.S. companies gear up to test their latest wave energy technologies, giving many in the industry hope that wave power will see massive growth over the next few decades.
Known as a symbol of freedom to its admirers and an assault weapon to its detractors, the AR-15 is one of the most controversial weapons in America. Lightweight and easily customizable AR-15-style weapons have skyrocketed in popularity in recent years taking center stage at gun ranges and shooting competitions across the country.
According to the most recent national figures, there are an estimated 393 million civilian-owned firearms in the U.S. And there are about 20 million AR-15-style weapons in the country. Firearm manufacturers have seen revenue surge taking in about $1 billion from the sale of AR-15-style weapons in the past decade.
But the weapons have also been involved in a number of mass shootings. AR-15-style weapons were used at shootings in an elementary school in Uvalde, Texas, a Fourth of July parade in suburban Chicago and a grocery store in upstate New York. Critics argue the weapons are also aggressively marketed by gun companies targeting at-risk young males.
So what is behind the popularity of the AR-15 and what responsibility do gun makers have when their products are used in mass shootings? Watch the video to learn more.
Most cars now have touch screens in the middle of the dashboard. Some tech heavy cars – such as those by companies like Tesla and Rivian – rely nearly entirely on them. They’re also cheaper to make and maintain. But some people hate them. They say they are less safe, confusing, unnecessary, and take longer than a simple button or switch.
But touch screens in cars aren’t going away. Some innovations, such as those by suppliers such as Harman and Continental, may blend some of the best of the old with entirely new possibilities, while managing risks.
CNBC Marathon revisits General Motors’ shift into the electric vehicle market. GM is one of the largest automakers in the world with a range of models falling under its four brands, Chevy, Buick, Cadillac, and GMC.
Chapters: 00:00 Why GM’s all-electric future is a big gamble (Published September 2021) 15:17 The rise of electric boats (Published April 2022) 27:13 Why GM says its Ultium platform will drive EV dominance (Published May 2022)
The automaker made its name selling gas burning cars but in January 2021, it made a stunning announcement. The company said it “aspires to eliminate tailpipe emissions from new light-duty vehicles by 2035.” This means that GM intends to stop selling gas-burning cars. General Motors says it wants to lead electric vehicle sales in North America by 2025, and vows that its new Ultium battery platform will drive that dominance.
Not only are cars going electric but so are boats. General Motors recently invested $150 million in one start-up, Pure Watercraft, to build an electric pontoon boat. And several others are working to bring their own battery-powered offerings to market. CNBC Marathon brings together the best of CNBC on YouTube.