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☆ FTC seeks more data on Amazon's $1.7-billion deal for vacuum maker iRobot
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermidSept 20 (Reuters) - The U.S. Federal Trade Commission (FTC) has asked Amazon.com Inc (AMZN.O) and iRobot Corp (IRBT.O) for more information on the e-commerce giant's $1.7-billion buyout of the Roomba vacuum maker. In a filing on Tuesday, iRobot said the FTC had on Sept. 19 requested more details on the deal that was announced last month and would expand Amazon's stable of smart home devices. read moreA group of about 20 pro-privacy and worker organizations have urged U.S. antitrust enforcers to stop the deal, citing concerns about privacy and Amazon's already powerful position in the smart home devices market. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Tiyashi Datta in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Time for someone else to ride the Peloton bike?
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

Peloton also announced job cuts at the time of McCarthy’s hiring and revealed more layoffs in August. Peloton is one of several pandemic era winners that are now finding it difficult to keep the boom times going. With that in mind, Nike (NKE) or Adidas (ADDDF) could work out as potential Peloton buyers. Amazon (AMZN) is also compelling as a potential Peloton owner. Nike and Amazon were both mentioned in various media reports as potential acquirers for Peloton in February, just before McCarthy was hired.

☆ A robot named Baxter wanted to change the world of work, but his career ended early
▼ + stars: | 2022-09-01 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +12 min

Rethink Robotics was founded in 2008 with the idea that a cobot — a robot working alongside humans in ways that traditional automation couldn't (i.e. "There is no such thing as the cobot without Rod Brooks," Beane said. "No one needs a two-armed robot," Beane said, describing that design decision as "humans projecting onto a robot their own physical form." The opportunity for robotics technology remains significant, though it is still trailing other automation approaches in market penetration. "Manufacturing is about high throughput and high consistency and you can automate the heck out of it without a cobot," Beane said.

☆ Andy Jassy's Amazon is going shopping, spending billions on iRobot and One Medical. Here are the companies it could buy next.
▼ + stars: | 2022-08-10 | by ( Katherine Long | Eugene Kim | ) www.businessinsider.com time to read: +2 min

Amazon is set to buy the robot-vacuum maker iRobot for $1.7 billion, the companies said Friday. And Amazon said last month it would buy the One Medical chain of physician offices for $3.9 billion. The purchases may mark the start of an Amazon buying spree as tech valuations plunge. Amazon hasn't "shown a historic proclivity to buy things," but the iRobot and One Medical deals show "there may be a few more coming," Shmulik added. Here are areas where Amazon could spend big:

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