Early bionic hand prototype
December 1st, 2017: Heroic Robots a winner of a HeroX prize for innovation in financial AI, with funding from Norman Piché & Associates Private Wealth Management.
Founded by a Fortune 500 research lab director, Heroic Robots is building both bionic robots and decision-making AI brains. We create breakthrough products to transform sectors and markets. Our grand challenge innovation strategy is inspired by our AI NLP work with DARPA.
Brainstorm is a team of financial experts accessed via a chat user interface. However, these experts are AI avatars, not humans. Each AI advisor is an expert in its own area, such as tax, legal, M&A, and finance.
As the AI experts brainstorm cost saving strategies, they tell the client how much money he or she would save. For a fee, the client can unlock a report that describes how, of for a bit higher fee, the system will have a licensed financial planner execute the changes for them.
Brainstorm is a cognitive AI reasoning system that understands tax and finance topics. It's also a machine learning system that looks across a database of financial plans looking for a similar situation that had an optimal outcome. The cognitive system has the advantage that it can explain its choices, knows why. The ML system is better at finding unanticipated solutions.
Brainstorm isn't a chatbot in the usual sense. It isn't limited to simple tasks like telling users their account balance or giving the location of the closest ATM or bank branch. It isn't a single avatar financial advisor. It's a team of AI experts each with it's own knowledge specialty. It emulates the experience of having a conversation with a team of human advisors.
Brainstorm will map out a course and create a holistic financial plan to reach specific financial goals.
We are developing bionic hands for factory and agriculture robots. Robots need to do delicate tasks such as sewing t-shirts or picking cherries.
In the apparel industry, the trend of sweatshop labor forcing factory automation to go backwards seems to have reached an impasse. Labor in Indonesia is cheaper than the cost of capitalization of automation, but automation is getting cheaper and labor is not. In America, where time-to-market is paramount for being on trend and in style, luxury apparel is made locally using JIT manufacturing despite higher costs. Typical apparel workers in U.S. factories are over 50 years old and immigrants. While immigrants may be glad to have this work, their children, as American citizens, seek safer and less monontonous jobs with higher pay. A well-paid U.S. factory worker makes $33k amd is at risk for repetitive strain injuries. A luxury T-shirt maker tells us he would run his California factory 24x7, and can't because there are not enough skilled workers to operate the equipment. One Heroic Robot operating three shifts will pay for itself in a year.
In agriculture, picking fruit has always been a seasonal labor challenge. A large number of workers are needed for harvest. Again, immigrants are the major source of U.S. labor because they accept jobs with risks and hardship. Immigrant farm workers face issues of exploitation and dangerous exposure to farm chemicals. The U.S. closing its border to Mexican immigrants is decreasing the number of available seasonal farm workers. One cherry grower says that labor costs have already increased so much that they will show no profit on this year's cherry crop, that they are picking mainly to prevent their fruit rotting on the ground.
In warehouse automation, conventional robots need help from human hands to load their baskets. With bionic hands they will load themselves.
In defense, clearing mines is extremely dangerous work. Even when located first by metal detector, the work of precisely locating a mine involves the touch of human hands.
We have pre-orders for Heroic Robots, which will initially cost $100k each.
Contact us at 310-359-8796 (Los Angeles).