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robotics/news//Bloomberg
Kuka SE & Co. supplies the likes of Volkswagen AG and Airbus SE with industrial robots that handle production line tasks.
Kuka SE & Co. warns European industrial firms lag in AI adoption compared to global rivals.
KEY POINTS
CEO Christoph Schell highlights legacy systems and reluctance to change as key barriers.
Many European factories remain disconnected and underutilize data for production efficiency.
Kuka, owned by China's Midea Group since 2016, serves major clients like Volkswagen and Airbus.
Many of Europe’s industrial companies are too slow to adopt artificial intelligence, putting faster-moving global rivals in a position to overtake them, according to German-Chinese robotics maker Kuka SE & Co.
The burden of legacy systems and a reluctance to change mean many factories remain disconnected and make poor use of their data, said Chief Executive Officer Christoph Schell . Kuka, bought by China’s Midea Group Co. in 2016, supplies the likes of Volkswagen AG and Airbus SE with industrial robots that handle production line tasks.