Dyson Pledges New Investment Into AI, Robotics and Batteries

Dyson will invest an additional 2.75bn pound ($3.67 billion) on developing technologies and products over the next five years [Editor's note: the link may be paywalled; alternative source], as the appliances brand pushes deeper into areas such as artificial intelligence, robotics and energy storage. From a report: The company founded by billionaire James Dyson and famous for its vacuum cleaners said it intended to double its portfolio of products by 2025 and enter new fields, taking it "beyond the home" for the first time. Although it did not provide any breakdown of the investments, they will be focused in Singapore, where the group controversially decided to move its headquarters last year, as well as the UK and the Philippines. The announcement comes more than a year after Dyson abandoned its ambitious plans to manufacture an electric vehicle from scratch in the Asian city-state. Sir James had hoped that the EV project would redefine his business but, after spending hundreds of millions of pounds, concluded that it was too expensive to compete against established carmakers.

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