Image: Miso Robotics
As Isaac Asimov said when creating the Laws of Robotics: “First, do no harm – now go make me a burrito.”
We’ll be one step closer to his not-at-all-made-up vision later this month, when Chipotle installs “Chippy,” an autonomous kitchen assistant made by Miso Robotics, in a real-life California restaurant. Though instead of burritos, the AI-powered robot will be tasked with making tortilla chips.
👩🍳🤖 A deeper dive… The move follows successful tests at Chipotle’s innovation hub in Irvine, CA, where Chippy was trained to mirror the company’s current recipe and chip-making process. The fast-casual dining chain views the tech as a way to potentially plug a labor shortage (4 out of 5 restaurant operators are understaffed, per a 2021 National Restaurant Association report), as well as boost efficiency and margins. And it’s not alone.
👀 Looking ahead… The global market for cobots, or collaborative robots, is expected to reach north of $12 billion by 2028, from $650 million in 2018. That’s a CAGR of ~45%.😳
Which is to say: robots are coming soon to a kitchen near you. A recent report from Lightspeed found 50% of restaurant owners plan to install automation tech within the next two or three years.
+Disclosure: Piestro was a past sponsor of the DONUT.
🪙📱 Kim Kardashian, of KUWTK fame, agreed to pay $1.26 million to settle charges of promoting a cryptocurrency without the proper disclosures, the SEC announced yesterday morning.
🚲🤝 Peloton inked a partnership to sell its equipment through Dick’s Sporting Goods, the two companies announced yesterday, making Dick’s the first outside brick-and-mortar retailer to feature the fitness company’s products.
🌱🥩 When plant-based meat manufacturer Beyond Meat IPO’d in May 2019, the market said “nice to meat you.” Its shares jumped 163% on the first day of trading – but things have changed since then.
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