ABB invests in U.S. artificial intelligence company

November 6, 2014 5:36 PM

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ABB invests in U.S. artificial intelligence company

ZURICH (Reuters) - Swiss engineer ABB has invested in U.S. artificial intelligence research company Vicarious in a move it hopes will eventually boost its robotics division.

ABB, which also makes products such as power grid transformers, invested in the San Francisco-based business in expectation that rising wage costs in a wide variety of industries will make labor-saving technologies such as robotics increasingly attractive.

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