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Old June 22 2012, 10:46 PM   #8
Psion
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Re: mogul invests $25 mill on personal robotics

As I recall, the Ansari X-Prize was a measly $10 million, but it spurred a few hundred million dollars worth of development and kicked the private space industry into high gear. $25 million isn't enough to fund a revolution in robotics, but it's enough to lower perceived barriers to entry and generate interest. People will compete for the money and introduce new ideas, any one of which could be the foundation for such a robotics revolution.

It's an interesting development. Now lets see what comes of it.
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