RoboBurger Promises Robot-Made Burgers in 7 Minutes or Less
While vending machines can dispense warm food items, RoboBurger is taking the concept one step further. This all-in-one fridge, griddle and cleaning device will take your order, cook your burger from scratch and deliver it in about 7 minutes -- all without a human to take your order, man the grill or serve it to you.
"We're not we're not here to really replace the service industry," CEO Audley Wilson said. "We're really here to supplement its needs, and we provide a hot, high protein burger in places where no one else can. So it's not really here to replace the lunch rush. It's here to just get you a burger at convenient locations when you need it."
RoboBurger has been in development for 17 years. Its latest prototype has found a home in Newport Centre Mall in Jersey City, N.J. The current burger uses a Pat LaFrieda beef patty and Martin's potato roll. It can dispense melted cheese, ketchup or mustard on request. The device is certified by the National Sanitary Foundation (NSF) according to U.S. food safety regulations.
WIlson sees it as an opportunity to help the service industry which has been struggling with staffing issues since the pandemic began, as well as provide other higher-paying jobs in the area, including robotics-based jobs. In addition, it needs maintenance staff to run the machines.
"We have our manufacturing arm which is based in New York. and what we do is we build our units," he said. "We source locally, and we hire great employees here in the New York area and teach them how to build robots and be on our operations team."
In the future, it hopes to add more condiments as well as other kinds of proteins, including plant-based meat and chicken burgers. It is aiming for 100 units in use by the end of the year, expanding to thousands starting in 2023.
"We really hope to be one of the largest burger chains in the country," he said.
Rene Ritchie, independent tech analyst and co-founder of the Nebula Podcast, joins Cheddar News' Closing Bell, where he breaks down what investors will be looking for from Mark Zuckerberg this week and how the tech giants stack up when it comes to augmented reality and virtual reality products going forward.
According to multiple reports, President Biden's upcoming executive order for the crypto marke would assign some government entities to study cryptocurrencies, stablecoins and NFT's with the goal of developing a workable regulatory framework. Douglas Borthwick, Chief Business Officer at INX, joins Cheddar News' Closing Bell, where he elaborates on what role the Biden administration would play under this order.
Nutritional supplement beverage company Athletic Greens has achieved unicorn status. The company announced a new $115 million funding round, bringing its valuation to $1.2 billion. The company's flagship product AG1 combines 75 different vitamins, minerals, and other nutrients into one daily serving. Athletic Greens says it is poised to reach the millions of consumers who are currently driving the health and wellness market's exponential growth. Athletic Greens founder and CEO Chris Ashenden joins Cheddar News' Closing Bell to discuss.
Is Spotify a platform for content creators, or is it a media company? The streaming giant may have to find an answer sooner rather than later amid a controversy involving its most popular podcast host, Joe Rogan. Rogan has hosted guests who have made false claims about COVID-19 vaccines, and in turn, some musicians like Neil Young and Joni Mitchell have removed their discographies from Spotify in protest. Rogan says he welcomes content advisories, and will balance out his guests going forward, but is it enough? And is Spotify liable in any way? John Freeman, Vice President of CFRA Research, joins Closing Bell to discuss Rogan's response to the controversy, whether Spotify should be considered a media company with responsibility for its content, and more.
The gaming industry has seen multiple large scales deals this month alone, including Microsoft's megadeal for Activision Blizzard. And, seemingly in response, rival Sony, picked up Bungie for $3.6 billion, a studio once owned by both Microsoft and Activision. The sector is reportedly on track to spend $150 billion on mergers and acquisitions just this year alone, a record-breaking total, according to investment firm Drake Star Partners. Michael Metzger, a partner at the firm specializing in technology, media, and communications, joined Cheddar to discuss the flurry of deals in the gaming space and what might be behind the hot M&A activity.
Ari Redbord, head of legal and government affairs and TRM Labs, joins Cheddar News to discuss why Facebook is ditching its crypto project and what that means for the space.
