Boeing proposes joint venture with Brazilian aerospace firm Embraer
The proposed agreemen...
The US-based airline manufacturer, Boeing, has made a deal with the Brazilian aerospace company, Embraer to form a joint venture.
The proposed agreement will see Boeing take control of Embraer’s commercial jet business, expanding the US firm’s stake in the smaller passenger plane market.
As part of the deal, Boeing would acquire 80% of the Brazilian company’s commercial aircraft and services unit.
The business is anticipated to be worth US$4.75bn, with Boeing’s potential acquisition to be worth approximately $3.8bn.
“By forging this strategic partnership, we will be ideally positioned to generate significant value for both companies' customers, employees and shareholders - and for Brazil and the US,” stated Dennis Muilenburg, CEO of Boeing, the BBC reported.
The Memorandum of Understanding (MoU) will see management remain in Brazil, whilst Boeing would operate the venture in Chicago, US.
“The passenger airline market is much more interested in larger aircraft,” commented Jonathan Root, Senior Vice President at Moody’s, according to the New York Times.
“The industry gains operating leverage by operating larger aircraft,” he continued
Fluent.ai x BSH: Voice Automating the Assembly Line
Fluent.ai has deployed its voice recognition solutions in one of BSH’s German factories. BSH leads the market in producing connected appliances—its brands include Bosch, Siemens, Gaggenau, NEFF, and Thermador, and with this new partnership, the company intends to cut transition time in its assembly lines.
According to BSH, voice automation will yield 75-100% efficiency gains—but it’s the collaboration between the two companies that stands out. ‘After considering 11 companies for this partnership, we chose Fluent.ai because of their key competitive differentiators’, explained Ion Hauer, Venture Partner at BSH Startup Kitchen.
What Sets Fluent.ai Apart?
After seven years of research, the company developed a wide range of artificial intelligence (AI) software products to help original equipment manufacturers (OEM) expand their services. Three key aspects stood out to BSH, which operates across the world and in unique factory environments.
- Robust noise controls. The system can operate even in loud conditions.
- Low latency. The AI understands commands quickly and accurately.
- Multilingual support. BSH can expand the automation to any of its 50+ country operations.
How Voice Automation Works
Instead of pressing buttons, BSH factory workers will now be able to speak into a headset fitted with Fluent.ai’s voice recognition technology. After uttering a WakeWord, workers can use a command to start assembly line movement. As the technology is hands-free, workers benefit from less physical strain, which will both reduce employee fatigue and boost line production.
‘Implementing Fluent’s technology has already improved efficiencies within our factory, with initial implementation of the solution cutting down the transition time from four seconds to one and a half”, said Markus Maier, Project Lead at the BSH factory. ‘In the long run, the production time savings will be invaluable’.
Future Global Adoption
In the coming years, BSH and Fluent.ai will continue to push for artificial intelligence on factory lines, pursuing efficiency, ergonomics, and a healthy work environment. ‘We started with Fluent.ai on one factory assembly line, moved to three, and [are now] considering rolling the technology out worldwide’, said Maier.
Said Probal Lala, Fluent.ai’s CEO: ‘We are thrilled to be working with BSH, a company at the forefront of innovation. Seeing your solution out in the real world is incredibly rewarding, and we look forward to continuing and growing our collaboration’.