South Korea Team Showcases Drone That Serves as ‘Flying Shopping Cart’

 Park Hyun-geun, a graduate student of Mechanical Design and Robot Engineering at Seoul National University of Science and Technology (Seoul Tech), demonstrates the aerial transportation platform "Palletrone" on stairs at the Seoul Tech in Seoul, South Korea, October 10, 2024. (Reuters)
Park Hyun-geun, a graduate student of Mechanical Design and Robot Engineering at Seoul National University of Science and Technology (Seoul Tech), demonstrates the aerial transportation platform "Palletrone" on stairs at the Seoul Tech in Seoul, South Korea, October 10, 2024. (Reuters)
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South Korea Team Showcases Drone That Serves as ‘Flying Shopping Cart’

 Park Hyun-geun, a graduate student of Mechanical Design and Robot Engineering at Seoul National University of Science and Technology (Seoul Tech), demonstrates the aerial transportation platform "Palletrone" on stairs at the Seoul Tech in Seoul, South Korea, October 10, 2024. (Reuters)
Park Hyun-geun, a graduate student of Mechanical Design and Robot Engineering at Seoul National University of Science and Technology (Seoul Tech), demonstrates the aerial transportation platform "Palletrone" on stairs at the Seoul Tech in Seoul, South Korea, October 10, 2024. (Reuters)

South Korean researchers have developed a transport drone flying on multiple flexible rotors that self-correct to stay level in flight and can be used as a "flying shopping cart" to carry goods over uneven terrain such as stairs.

The prototype developed by a Seoul National University of Science and Technology team has a cargo platform mounted on top of a multi-rotor drone and is handled by a person using gentle force to guide the hovering aircraft.

Members of the team demonstrated the hovering platform with a handlebar much like one on a push shopping cart moving objects up and down stairs and loading boxes on top as it hovered mid-air and maintained its balance by using a center of mass estimation algorithm.

To move objects over uneven terrain or stairs when a wheeled cart cannot, the drone responds to human control with what the developers call a physical human-robot interaction technique that anticipates human intentions for smooth flight, said Lee Seung-jae, professor of mechanical system design engineering.

But the broader focus of Lee's team is not on developing a shopping cart to be used over steps, but instead on applications that would use a drone with reliable horizontal stability without pitching and rolling.

"The Palletrone can be more than a flying shopping cart," he said, referring to the name the team gave the prototype by joining the words pallet, which is the platform for cargo on top, and drone.

Lee's team has tested a platform to carry objects up to 3 kg (6.6 lbs), and concedes commercial applications for cargo transportation at such a small weight easily carried by humans is limited.

Still, the mechanism that allows the drone to change directions in flight without banking and to maintain level attitude has applications for delivering sensitive or fragile payloads, Lee said.

But Lee's team is looking further ahead for the technology's potential use for uncrewed "flying taxis" carrying humans and for drones to be "refueled" mid-air, by changing batteries so the aircraft do not need to return to base for a fresh charge.

Multi-rotor drones are inherently limited in speed and range compared to fixed-wing drones but have better control and maneuverability, including the ability to hover in flight.

They have been used to deliver cargo, food and medical supplies, but commercial applications have been limited largely because it is impractical to increase the size of the battery enough to transport a heavier payload over a longer distance.

Seoul Tech's work was published in IEEE Robotics and Automation Letters this year, the publication of the Institute of Electrical and Electronics Engineers based in New York.



Nvidia Overtakes Apple as World’s Most Valuable Company

 A man walks past the Nvidia logo at the company's AI Summit in Mumbai, India, October 24, 2024. (Reuters)
A man walks past the Nvidia logo at the company's AI Summit in Mumbai, India, October 24, 2024. (Reuters)
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Nvidia Overtakes Apple as World’s Most Valuable Company

 A man walks past the Nvidia logo at the company's AI Summit in Mumbai, India, October 24, 2024. (Reuters)
A man walks past the Nvidia logo at the company's AI Summit in Mumbai, India, October 24, 2024. (Reuters)

Nvidia dethroned Apple as the world's most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips.

Nvidia's stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG.

In June, Nvidia briefly became the world's most valuable company, before it was overtaken by Microsoft and Apple. The tech trio's market capitalizations have been neck-and-neck for several months. Microsoft's market value stood at $3.20 trillion.

Nvidia's stock has risen about 18% so far in October, with a string of gains coming after OpenAI, the company behind ChatGPT, announced a funding round of $6.6 billion. Nvidia provides chips used to train so-called foundation models such as OpenAI's GPT-4.

"More companies are now embracing artificial intelligence in their everyday tasks and demand remains strong for Nvidia chips," said Russ Mould, investment director at AJ Bell.

"It is certainly in a sweet spot and so long as we avoid a big economic downturn in the United States, there is a feeling that companies will continue to invest heavily in AI capabilities, creating a healthy tailwind for Nvidia."

Nvidia's shares hit a record high on Tuesday, building on a rally from last week when TSMC, the world's largest contract chipmaker, posted a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in AI.

The next big test will be when Nvidia reports third-quarter results in November. Nvidia in August forecast third-quarter revenue of $32.5 billion, plus or minus 2%, compared with the current average analyst expectation of $32.90 billion, according to data compiled by LSEG.

Morgan Stanley analyst Joseph Moore said in a note dated Oct. 10 that he remains "very bullish" about the company longer term, but the recent rally "raises the bar for earnings somewhat".

After a meeting with Nvidia's CEO Jensen Huang, Moore noted the ramp up in production of its next-generation Blackwell chips appeared to be "quite strong" and are booked out for 12 months. The stock came under pressure in August after Nvidia confirmed reports that the production of Blackwell chips was delayed until the fourth quarter.

Shares of Nvidia, Apple and Microsoft have an outsized influence on the richly valued technology sector as well as the broader US stock market, with the trio accounting for about a fifth of the S&P 500 index's weightage.

Frenzy around the prospects of AI, expectations that the US Federal Reserve will considerably bring down interest rates, and most recently, an upbeat start to the earnings season, have pushed the benchmark S&P 500 to an all-time high last week.

Nvidia's massive gains have helped boost the stock's appeal for option traders and the company's options are among the most traded on any given day in recent months, according to data from options analytics provider Trade Alert.

The stock has surged nearly 190% so far this year as a boom in generative AI prompted the company to issue a series of blowout forecasts.

"The question is whether the revenue stream will last for a long time and will be driven by the emotion of investors rather than by any ability to prove or disprove the thesis that AI is overdone," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.

"I think Nvidia knows that near term, their numbers are likely to be quite remarkable."