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Before we get started, two quick notes. We’re launching Actuator as a newsletter in a few short weeks! Make sure you’re in on the ground floor by signing up (for free!) over here. Also, the powers that be helpfully noted that I’ve not taken any…

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Before we get started, two quick notes. We’re launching Actuator as a newsletter in a few short weeks! Make sure you’re in on the ground floor by signing up (for free!) over here. Also, the powers that be helpfully noted that I’ve not taken any days off this year, so I’ll be doing that next week. That means, among other things, attempting to sleep in until 7AM, a couple of museum visits and no newsletter on Thanksgiving. See you in December!

Last week, Carnegie Mellon announced that it had appointed Matthew Johnson-Roberson the sixth director of its Robotics Institute. We’ve spoken to Johnson-Roberson a number of times in the last few years, primarily in his capacity as Refraction AI’s co-founder and CTO. When I sat down with him again last week to discuss his new role, he called me from the University of Michigan’s Ford-funded robotics wing, where he served as co-director.

It’s a smart hire for a number of reasons — not the least of which is the CMU grad’s experience in both founding a startup and working as part of a corporate-university alliance. We’ve devoted a lot of words to Pittsburgh and CMU on this site over the past few years, and the consensus is that the former has been doing a better job incubating startups, but things could always improve.

Image Credits: Bryce Durbin

Pittsburgh is quite possibly the strongest example of how a vibrant startup scene can revitalize a region suffering from economic depression. There are, of course, broader economic issues around potentially leaving residents behind through gentrification, but on the whole, Pittsburgh has largely been regarded as a success story, bouncing back from the rust belt region’s economic devastation.

It’s clearly something U of M is focused on for the Ann Arbor/Detroit regions. And Ford’s model will likely prove an increasingly popular one, as corporations look to research facilities for bleeding-edge technologies, while universities look for funding beyond the traditional endowment model (something which, granted, has worked for a university named for two of America’s most powerful industrialists).

As Johnson-Roberson tells TechCrunch:

So many of the technologies that were developed in the 90s and 00s are now reaching a level of maturity where they are getting rolled out in commercial products and making a big difference to the future of a lot of industries. I think it’s a natural extension of that. You begin to see relationships between universities and companies. Even if you look at Pittsburgh as a city, the transformation that it’s undergone from heavy industry focused around natural resources and steel, that transformation is only going to accelerate.

Part of my goal is to continue relations and build new ones. Beyond just industries, thinking about government and policy and all the other things that are now going to become more relevant for robotics — making sure we make those relationships and build on the strengths of the technical work that already goes on at the institute. That is something I’m particularly excited about.

Image Credits: Bryce Durbin/TechCrunch

Part of me is hoping the robotics news slows down a bit next week, if only for my nagging FONB (fear of not blogging) while I’m out. It’s not healthy, I know. But there are worse addictions (maybe?). I get the sense things will slow down a bit for American Thanksgiving week, if only because it seems like everyone is rushing to get their news out this week. There’s a LOT to crawl through here.

Image Credits: Aeris

Let’s start with a pair of acquisitions. As we noted in this column last week, iRobot has been getting aggressive about smart home. That’s largely meant things like Amazon Alexa integration up to now, but today’s news marks an interesting new angle. The Roomba maker purchased a Swiss company that makes air purifiers — a move it believes can improve its footprint in users’ homes.

CEO Colin Angle says in a release:

Today’s acquisition of Aeris is an important step in iRobot’s strategy to expand our total addressable market and diversify our product portfolio in ways that will provide consumers with new ways to keep their homes cleaner and healthier. We are enthusiastic about the growth potential for Aeris’ products, especially as the pandemic has raised greater consumer awareness of the value of maintaining a cleaner, healthier home. We are also excited about the potential to leverage our Genius Home Intelligence platform and existing ecosystem of home robots to bring the iRobot experience to air purification.

As we noted last week, most of iRobot’s biggest non-Roomba successes have come in the form of acquisitions of brands like Braava and Root. So hopefully this will open up some interesting avenues, in terms of having devices that can double as smart home beacons and improve home mapping.

Image Credits: Midnight Robotics

In the agtech space, Fieldin has acquired Midnight Robotics. It’s a deal that makes a lot of sense. Fieldin makes technology that allows farms to collect data for accelerating automation, while Midnight’s tech retrofits tractors and other farming machinery with lidar-based sensors.

Here’s Fieldin CEO Boaz Bachar:

Over the past eight years we’ve digitized hundreds of farms and over 10,000 tractors and pieces of farming equipment — more than anyone else in the high-value crop world — and amassed a trove of invaluable data that can offer insights into best practices in farm management. By acquiring Midnight Robotics, we’re helping farmers close the loop from insight to autonomous action, so they know exactly what they need to do and execute it autonomously, all through the same platform.

Monarch’s tractor, meanwhile, is more of an all-in-one solution. The company just announced a $61 million Series B. Like Fieldin, the company cites pandemic-related job shortages as a driving force in interest around its technology.

Image Credits: Nommi

From fields to the dinner table, Nommi just announced a distribution deal with C3 (Creating Culinary Communities) that is set to bring up to 1,000 of its robotic food prep kiosks to locations across the country. The deal also brings Iron Chef’s Masaharu Morimoto’s Sa’Moto brand to the machines, which can operate 24/7, unlike even the ironest of human chefs.

The robot is partially made of plastic, but teams up with Zume to reduce plastics. Excellent work, Judas. Photo: ABB

As hot as robotics are becoming in food, however, there’s probably an even brighter future in sustainable packaging — because, let’s face it, whatever direction we’re currently headed in isn’t great. In one of the wilder pivots in recent memory, Zume moved from pizza robots to bio-degradable packaging. The company is, however, returning to robotics (in a sense) courtesy of a new deal with industrial giant ABB to produce its food packaging.

And one final Tiger Global investment before I leave you (it wouldn’t be a robotics roundup without it). The firm just led a $25 million Series A for SVT Robotics. The Virginia-based company is working to develop a “plug-and-play” solution for industrial robotic deployment. Here’s co-founder and CEO A.K. Schultz:

The demand for industrial automation is even higher, but industry growth has been limited by capacity to execute. Integrations are typically all custom coded, meaning long development cycles. It’s expensive, and companies wait as much as a year or more for new automation to go live. Solving that problem with the SOFTBOT Platform empowers the market to grow at its full potential.

That’s it for me this week. Happy Turkey Day to those who celebrate. And don’t forget to sign up for Actuator here.

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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