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Industry

San Mateo County in California moves to require permits for commercial use of humanoid robots

San Mateo County in California has begun drafting a local ordinance that would require businesses to obtain permits before deploying humanoid robots for work. The proposal would include requirements such as emergency stop devices and fire-safety measures, and it would track potential job losses. Permit fee revenue could be used to buy firefighting equipment. Supporters cite rising lithium-ion battery fire risks, while others say safeguards cannot predict every failure.

Industry

Cowintech to change name to Cowin Robotics in push to become robot integration platform

Cowintech said on Aug. 13 it will change its name to Cowin Robotics to make its robot business a core growth driver. The company aims to transition into an intelligent robot integration platform business and is restructuring from supplying standalone robots to covering hardware, control software, integrated monitoring and on-site system integration. The change will be finalized after approval at an extraordinary shareholders meeting.

Crypto

Bitmine slows Ethereum buying ahead of 5 percent target

Bitmine Immersion Technologies has sharply slowed its pace of Ethereum buying, raising attention to softer demand from the biggest corporate buyer as a market variable. The company said it has secured 4.8 percent of circulating Ethereum after adding 7,391 ETH last week, its smallest weekly purchase this year. Bitmine has recently put more emphasis on buying back its own shares. Arkham Intelligence estimates Bitmine is at 96 percent of its 5 percent target.