LG Electronics Inc. signed a memorandum of understanding with artificial intelligence (AI) startup FASSTO to promote cooperation in the supply and system development of logistics robot solutions.
According to the MOU's terms, the two businesses will support the creation of a solution that integrates autonomous order-picking robots with logistics systems, the development of the best robot operation procedures for logistics bases, and the gradual expansion of the use of robot solutions within logistics centers.
Early this month, LG rolled out a solution linking its next-generation self-driving logistics robot, CLOi CarryBot. with a warehouse management system and a multiple robot control systems at Fassto’s smart logistics center in Yongin.
The two parties will collaborate to expand the use of the CLOi CarryBot at FASSTO’s other logistics centers.
LG will also supply the logistics centers run by FASSTO’s foreign client companies with its next-generation robot solution.


Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts
OpenAI Explores Massive Funding Round at $750 Billion Valuation
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React
South Korea Warns Weak Won Could Push Inflation Higher in 2025
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 



