Iván Hernández Dalas: The great robot race: How companies can balance speed to market and compliance in the U.S.
Developers must navigate changing safety regulations while preparing consumer robots, say Cooley experts. Source: Haris, AI, via Adobe Stock The consumer robotics market is exploding – with the humanoid robotics segment alone projected toward $34 billion by 2030. Humanoid robots that can perform household tasks, artificial intelligence-powered companions for elderly care, autonomous lawn maintenance systems, and interactive educational robots are moving from prototypes to production. Major retailers are scrambling for innovative products to meet surging demand – with 65% of U.S. households already using AI-powered devices. The technology offers great promise. The market is hungry for it. And companies now face a critical strategic decision while they race to bring their innovative products to market: How to navigate fundamentally different regulatory approaches in their key markets? EU and U.S. take divergent approaches The European Union and U.S. have so far chosen opposite path...