Richtech Robotics soars after announcing partnership with Microsoft to use AI to improve its robots
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Richtech Robotics shares surged in premarket trading following the announcement of a partnership with Microsoft to enhance its robots using AI. The collaboration aims to develop agentic AI capabilities for Richtech's ADAM robot, improving context awareness for better customer interactions in retail. This news comes amid a broader surge in robotics stocks, with the Themes Humanoid Robotics ETF gaining nearly 50% year-to-date, despite a lack of concrete support from the Commerce Department for the industry.
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