Somnox robot "breathes" to help people fall asleep. The company's founder Julian Jagtenberg explains how this product works, and its plans to enter the U.S. market.
"This is the world's first sleep robot," says Jagtenberg. "It's like a teddy bear for adults." The robot provides soothing audio like a heartbeat to help people meditate and fall asleep. Jagtenberg says his company is pioneering the future of sleep.
Jagtenberg says he hopes this robot helps people with sleep problems without the need of medication. Somnox will be at CES 2018 to offer a 'hand's on' look at this sleep technology. Somnox has raised 200,000 Euros through Kickstarter.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
