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I. Robot maker of the Roomba, has big plans for its automated vacuum bots. Company Ceo Colin Engel believes the future of the company’s floor cleaning bots collide in using them to map the layout of customers homes. In *** report, Engel says items such as smart thermometers and smart speakers still have *** way to go in terms of spatial awareness of surroundings. But using regularly updated data from *** patrolling rumba could possibly allow smart speakers to better adjust to *** houses acoustics. It could also help *** smart thermometer take your home square footage into account for more accurate heating or cooling.

Amazon agrees to purchase iRobot for $1.7 billion

Retail and technology giant Amazon has agreed to purchase consumer robotics company iRobot, the companies announced Friday morning.Massachusetts-based iRobot is known for making Roomba robotic vacuums and other cleaning tools. According to Friday’s announcement, Amazon will purchase the company in an all-cash transaction worth $1.7 billion, which is $61 per share. The company’s stock price closed Thursday at $49.99.”Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission,” said iRobot CEO Colin Angle, who will stay on to lead iRobot after the merger. “I’m hugely excited to be a part of Amazon and to see what we can build together for customers in the years ahead.””Customers love iRobot products and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable,” Dave Limp, SVP of Amazon Devices, said in a statement.Earlier this summer, Amazon opened a huge new office building in Boston, where they plan to do work in fields including machine learning, speech science, cloud computing and robotics engineering.Also Friday, iRobot reported its second-quarter financial results. The company’s revenue was $255.4 million, down significantly from the $365.6 million reported during the second quarter of 2021.The planned merger is subject to approval by shareholders and regulators.

Retail and technology giant Amazon has agreed to purchase consumer robotics company iRobot, the companies announced Friday morning.

Massachusetts-based iRobot is known for making Roomba robotic vacuums and other cleaning tools. According to Friday’s announcement, Amazon will purchase the company in an all-cash transaction worth $1.7 billion, which is $61 per share.

The company’s stock price closed Thursday at $49.99.

“Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission,” said iRobot CEO Colin Angle, who will stay on to lead iRobot after the merger. “I’m hugely excited to be a part of Amazon and to see what we can build together for customers in the years ahead.”

“Customers love iRobot products and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable,” Dave Limp, SVP of Amazon Devices, said in a statement.

Earlier this summer, Amazon opened a huge new office building in Boston, where they plan to do work in fields including machine learning, speech science, cloud computing and robotics engineering.

Also Friday, iRobot reported its second-quarter financial results. The company’s revenue was $255.4 million, down significantly from the $365.6 million reported during the second quarter of 2021.

The planned merger is subject to approval by shareholders and regulators.