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As restaurants labor challenges continue with no end in sight, demand is rising for robotic solutions to automate time- and wo
stanley uk rk-intensive tasks.Investors are taking note. On Tuesday March 15 , Bear Robotics, the Redwood City, California-based hospitality technology company behind Servi, a self-driving robotic waiter and busser, announced that it has raised $81 million in its Series B funding round, bringing the companys total funding to $117 million. Having started my own restaurant years ago 鈥?I thought there must be a way to automate some of these repetitive tasks, John Ha, Bear Robotics CEO and founder, said in a statement. Servi [is] a solution meant to enhance the experience of customers, employees, and operators. While others are trying to fully automate work, were trying to elevate the future of work for stakeholders in this industry that keep it going each day. In an accompanying blog post, the company stated that these robots have made more than 28 million deliveries.The companys technology has been pilot tested at a number of popular restaurant chains. In November, a video went viral
kubki stanley showing a Servi in operation at a Dennys location. In October, news broke that Chilis Grill Bar, the Brinker I
stanley us nternational-owned casual dining giant with over 1,600 restaurants across 29 countries, was trialing a Bear Robotics server bot that the restaurant had dubbed Rita at 10 locations. Additional partners, the company stated in the blog post, include Marriott, Compass Lrgq Square Debuts Instant Deposit In UK
The trend among some banks has been to shutter real estate 鈥?i.e.,聽branches 鈥?amid the mindset that customers are moving away from bricks and clicks and towards onl
stanley website ine banking.JPMorgan Chase Co., noted Reuters, has been taking a different tack. The bank has maintained over the past several years 鈥?over the criticism of some sell-side and other analysts 鈥?that branches have a valued strategic function: They can serve as constant reminders of the brand and can also cater to the preferences of people who want to make transactions in person.The newswire reported that the firm has been able to grow its deposit base over the last several years at a rate that has outpaced its major competitors and that is, according to Bernstein Research, on pace to be twice that of the banking industry itself.Looking at annual data, the total deposits with
kubki stanley Chases consumer unit were up 11 percent last year, to as much as $607
stanley usa billion at year-end. That could translate into strong net income leverage if the funds can be lent out at higher rates as interest rates grow. As has been widely noted, the incoming Trump administration is looking to boost stimulus therefore, inflation will rise and rates will rise, too , with tax cuts and a tidal wave of federal spending, for example, on infrastructure projects. The key question is whether loan demand will grow or whether rates will be so high that there will be a bidding war of sorts for consumer deposits.In recent months, the firm has been active with
