Tech Savvy Dragons Intrigued By Robotics Business | SEASON 19 | Dragons' Den
Вставка
- Опубліковано 14 жов 2024
- Dr Chang Liu is next to face The Dragons. He's pitching his futuristic tech company, Extend Robotics. He's seeking a £150,000 investment for 5% of his company. The more tech-savvy Dragons are intrigued by this entrepreneur's business concept, but will any of them invest?
Season 19, Episode 1
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #BusinessPitch #ExtendRobotics #Tech
Jenny created a new product in her tech company, is called the iMout
😂😂
iOut
@@moogleking doesn’t work without the M
She should get one of Touker's alarm clocks. The latest one is the iDONTGETOUTOFBEDFOR1.5
😂😂😂😂
You have to watch that Peter Jones, he's too clever. He's the smartest out of all the Dragons and he plays them like a grand piano. He often pretends not to be interested in a business that someone on their is presenting and because he knows the others respect his opinions, they will be likely to declare themselves out because of Peter's lack of interest but then when they're all out, he suddenly switches and starts talking positively about the business and then makes an offer. Yeah, right Peter, you're a ruddy sly one but I like it. I can why he is where he is 😃
That’s why their called dragons 😉
Yep, he's very street smart
@@David_Mc_Our_God_Reigns *they're
Yeah hes the king at bluffing and double bluffing
Steven was spot on with his observations.
Agreed. Chang should have focussed more on the industrial use cases like remotely operating heavy machinery or handling dangerous materials, I think those would have got the dragons more excited
He battered them morally and then intellectually, a very strong showing lol
@@adamc3607 Global companies have been doing it for years and investment needed would be 100s of millions.
@@adamc3607true, but healthcare where nurses and doctors are vulnerable to be transmitted diseases by their patients is also a good entry for medical bots. their main business is supposed to be the software licensing anyway, so the hardware can be fine-tuned by third party providers using their software 🤷♂️
Doctors already perform virtual surgeries with robots, come on Steve
Are you kidding? I wouldn’t trust that in a million years
@@Josh-wu7kz oh cmon' it just wants to put a tube down your throat, just make sure you stay very still otherwise it will cut you.
@@Josh-wu7kzThe DaVinci machine has been in use for a long time and there's actually incredibly good results with it, very blatantly good results. It allows for extreme precision. I've been in OR where a surgeon was on them when I was a student on rotations.
But the surgeon is still in the operating room at the time and can scrub in for laparoscopic approach if needed.
Having said that it's a machine that has been around for a long time with many many millions of dollars of investment into its technology.
It's an incredible expenditure for any hospital to have even one of these machines.
But these can have significant return on investment because you can perform surgeries with them that give patients much better outcomes in terms of pain etc. At a huge cost.
There would be no return on investment if a bed side robot was implemented. Never mind the extreme cost it would take to implement the machine to the precision that machines like the DaVinci surgical machine are seen to have.
They don't. Its extremely rare.
Not with that robot 😂
Wow. I didn't think Peter would go for it. It's an extremely risky business. I'd like to know what ideas he has for the company.
any updates? 🤔
The only reason he invested was because he found Iron Man cool, very little faith in the company. This technology will exist, but not from him. It will likely come directly from Facebook. Shame this guy's dad didn't have an emerald mine, unlike his idol Elon Musk.
I think best would be get low budget version people could use in home to impress, or maybe a school route
They haven’t made a massive profit yet based on their latest accounts on Companies House but Peter Jones getting 25% for £150k could be a shrewd deal if this takes off
Pretty much the same with every deal then.
"could be a shrewd deal if this takes off"
I don't think I've ever seen a dragon make a deal that wouldn't be shrewd if it took off.
there is a white little stuff on your upper lip, i wonder what that is
@@alexsmith2766 Probably really mixed baby powder and crap, with 0.08% coke, if the rubbish going around lately is anything to go by
I'll drink to that ☕ you get my drift?
"It could be used in a care home, caring for the elderly."
"Could you explain its application in that environment?"
"It can run around with robot arms."
😁😁😁😁
Run around with robot Arms & Scare the crap out of everyone & trip all the old people over🤖🤸♂☠
Lol 😂 that’s so true
Run around and stop people from spreading COVID-19 and OTHER diseases close up that hurt the vulnerable more!
LOL! So funny!
A future we can believe in
That was a great success even it might be a big risk. However, Peter Jones knows the in-and-outs in techknowledge. It would be very interesting to see the outcome of this investment.
I think Peter Jones got a bit carried away with his imagination.
The first robot was created in 1962. I worked at Cray Research in the late 80's and we had them replace several people. Surgeons have been using them in the medical field for years and years. Of course robots will replace people but the robots will still need some people to program them. So kids, get into programming because it is already needed.
haven't they got AI that can program now?
@@Zauchi the current AI is very mediocre with programming. It can give you some general and simple code, but fails at more complicated tasks. Remember, all it can learn from is past code, so if there isn't a specific enough data point related to your question, it's gonna guess and it'll prolly be wrong. It also can't handle systems with many moving parts working together, yet. Ofc it's possible that they'll work in the future
@@Zauchi You mean the AI who can confidently tell you that 2+2=5? The AI that requires you to fact-check every single thing it says? ChatGPT? That AI?
@Zauchi not to that level, but 10 years from now is unfathomable.
@@somerandomguywastaken It is progressing rapidly. Have you seen the code progression from Chat GPT 3 to 4. It already can do very impressive programming. Give it another 5 years, and I doubt that very many human programmers will be more reliable than it.
Can't believe he didn't negotiate back. Could have got Peter to accept 15%
Although he wants to keep peter incentivised
I doubt it but it would probably have been worth an attempt. On the other hand I've seen people go out when they try to negotiate so maybe he didn't want to risk it. Seem to happen alot more often on shark tank tho. With the sharks taking back their offers and going out in negotiations.
@@sebbepersson6819 don't get me started on shark tank 😂😂. It's so cringe
Totally agree the entrepreneur could be whittled down in future fundraisers and even lose control of his own firm. Which would be sad even if the firm thrived.
Tucker has been trying to put that office space in west London for rental for a good few years.
Remote controlling of machines...Wow!! never heard of that before. What a genius to come up with that.
😂 I know right the basement dwellers in the comments obsession of him
All the while this pitch was rolling on, Evan Davis was downstairs with one of Dr Chang's robots in a game of 'get rid of the marmalade'.
Robots in a care home? Oh, come off it; that would scare the living daylights out of those OAPs!!
Wow giving away 25% that fast. Good deal for Peter but seems like a huge amount to give away so early on for just £150k. I had expected the entrepreneur to at least barter down to maybe 10%
Peter would’ve never taken 10%
Imagine being a multimillionaire and you have your parents in a care home, and you're upset they might be fed by a robot, not the fact you're rich and you let your parents rot in a care home
What could they do instead?
i agree. if i had money i would keep them home and give them carers to look after them at our home. and i would look after where possible
But you know he didnt mean the comment in that way
@markimonki To be fair, it depends on the person’s care needs. Some people need care that can’t easily be provided in a domestic setting, no matter how rich their relatives are.
@@skinnymac2411 you keep them home and hire a nurse or carer at home
“You have 20 seconds to comply.” 😱
"...And make the world a better place"
*unveils dystopian invention
love how the dragons are so loud when they have a point to prove, lol, like scolding the entrepreneurs
Robotics is type of technology that is going to allow people to stay in their own homes for longer. One of the biggest reason people go into care homes, is it cost too much money to provide round the clock care in peoples own homes.
These Dragons will not survive the next 10 years with views on technology like this. But this is music to others. less competition. Its so easy to be great these days
Peter has got funnier over time lol
Fantastic way to outsource the few jobs that requires human interaction lol
Peter likes the challenge and the gratification to be in the robotic arena
This is something new in the Den. Interesting!
Steven created a new product in his tech company, it’s called iBum
One day we should replace Steven with a robot. The robot will be more efficient but at least they'll share the same personality
Sad dik indeed ❤️
@@dkln888
Oh hurt your feelings have I?
😆😄🤣
None of them asked the important question of what does he own, he bought a headset and robot and made a program to interface them and asked for 150k?
This is not something difficult or new and even if his software is amazing if he's not building the robots then he'll have no customers and if they are using the robots they will have software with them.
Well, he talked about the licensing, where users gotta pay for licences to the software, costing from £1500-5000. Imagine selling 1k licences
@@emmanueluejike Yeah licences to easily replicable software, to make any money with that you would have to have a name for being the best or no overheads and with the amount of cash he plans to burn he will probably have neither.
Steven "Bartlett" was intimidated by Chang, because he does more than use TikTok for a living and is actually a visionary and a genius.
"Visionary and a genius " how do you know? Do you know him? Or are you basing that on a quick UA-cam video?
How is he a visionary, VR companies have been doing stuff like this for years
Are you implying his last name isn’t Bartlett?
@@paladindean1715I was confused by that also
I get that robotics and VR are big and have huge potential, but I'm not convinced on this presentation. The robot can come into an elderly person's room and give him a pill. But from what I see, this application needs a person on the other end, operating the robot remotely. So, where's the advantage over that same person giving the elderly person the pill?
Not all levels of personnel are allowed to do medical treatment. It could free up some hands.
Operating remotely. One operator could control multiple robots in multiple locations. AI/machine learning and/or programming and development will further reduce the need for human operation. Not saying I'm for or against, just that those are the obvious benefits (for these hypothetical care providers who would use robots).
labour shortages and travel costs/time. this is only a start, the real big potential is in the future when for example someone could maybe oneday give cpr to someone or able to quickly revive someone when a ambulance wouldnt be there to do it.
It's more sad that we put our elderly in old people's homes, some of them only get one visitor every 6 months, maybe robots will be a better company to them
short sighted dragons
this could grow exponentially
unlimited use cases
🤨
The care home notion is absolutely ridiculous and for once I'm in agreement with Stephen and his expression of thoughts on this aspect.
You have no imagination about the future, it’s normal you can’t under
@@Thankgoodness77 Imagination is not needed when one has years of practical experience in the chosen field.
@@Hz-432Hz agreed, waldoes have t advanced yet enough
However, in twenty years? Probably be there
Peter is the only one with enough connections, capital and fire power to make this a big exit
Exit to what?
@@sadikmeah4057 I think they mean the process of selling the business when it's become successful (due to his connections etc), thereby giving him a return on his 25% shareholding
@@sadikmeah4057”Exit” is a term used in business to sell the company after its success
Turn the music up I can almost hear them speaking
The only thing more depressing than pulling pints for 8 hours in a bar is pulling pints for 8 hours at home on your own.
Lol right.
I thought he was going to say 15%, but 25% is wow!
I am surprised the dragons don’t know remote surgeries using robotic arms
Oh woe! I thought that was gonna end without investment, so I'm surprised! I cantcwait to see what happens
The era of robots will outlive the era of mankind
Agreed. I thought he'd counter for at least 15 per cent and then Peter would come to 20 per cent
It was worth negotiating anyway
its 2023 and i dont want the world changed anymore than it already has for a looong time...........
Peter just wants to be Tony Stark
This is sheer brilliance. I recently enjoyed a similar book, and it was absolutely brilliant. "The Art of Meaningful Relationships in the 21st Century" by Leo Flint
Steven says he doesn't want to buy into the idea that a robot will serve his grandad his meal in the future. I think it's highly likely that is the way its going because 1. People do not want to work in care and it is very difficult to find high quality care staff when the wages are so low. 2. The younger generations are not having kids so this will compound the issue when they get older.
The working class no longer want to take the 'unskilled' jobs so we are going to have to find solutions, we can't just rely on open border immigration to plug the gap like we have been doing. Robotic care in the future is highly likely based on these trends.
Lol, that arm in a decommissioning environment, circuits would be frazzled in 2 seconds just adding to the amount of waste you’d need to send someone in to retrieve.
Yes they definitely wouldn't design something fit for purpose...
Rank the (regular) Dragons from nice to mean.
1. Sarah 2. James 3. Steven 4. Tej 5. Tukay 6. Theo 7. Deborah 8. Peter 9. Duncan
Agree/disagree?
Barbara: "This is not shark tank and for that reason I'm out".
any idea if this made any money?
It makes 10 billion dollars anally.
@@BenjaminGoose anally?
Incredible Peter
Plot twist - the entrepreneur is actually a robot trying to interface with people.
You do know this is how Chinese building in the moon, right😂😂😂😂😂😂😂
Is the dog in the box yet? No... It's still Jenny.
I could make that demo. I missed a trick on dragons den.
Peter loves a punt
Peter Jones just invested in Dragon’s Den season 30!
Whether Steven likes it or not, it's coming
BenjaminGoose is creating a show where teams create robots to fight each other, he's calling it "robot wars"
dude robot wars is a show that's run for about a decade already. i remember watching episodes back in college.
@d1p70 yeah, BenjaminGoose is known for copying people's comments then pasting them on new videos for likes
He's like a joke of Dragons Den comments
@d1p70 look for him, he'll probably do a poem about Jenny even though she's not in the video
they keep saying they don't want a machine to care for people setting. I doubt they will care for their own relatives themselves and expect strangers to do it
Peter gor money like that to blow and take risks, good on him
It might be useful for bomb disposal but not much else, you can't even pick up a puppy with it.
Fabulous
I think this is genius! This is what they said we'd be doing in 2012!
Can't believe they are even considering robots over humans! OMG we are all done for!! 😢
Steven Bartlet is a great addition to the den.
living under a rock
"George Orwell movie" upsets me!
Good
Isaac Asimov addressed all these questions ages ago.
Well i had cancer to one of my kidneys and the surgeon who removed my kidney used a robot. So there are robotics in hospitals that are used and was very accurate surgery.
This robot looks clunky and i would be concerned, needs more development and refinement,
AweSome...
Smart move.
When the robots fully assume power, they will come for all the dragons that declared themselves out. None will be spared. NONE!!!!
To add also that Peter, cleverly is buying into Dr Chang's IP. For this and what ever else the Dr has up his sleeve. Its a no brainer for someone whose got 150k lying around. Bartlet, considering he potentially has the longest lifespan, missed a trick.
People like people 🤷♀️
This guy has never been in a aged care home ever and its obvious
Go on Steven …
Its Rob the robot for NES :D
It's a cool idea but I just don't like how much we're trying to eliminate human interaction.
Also imagine When you get a coffee and a little robot hand turns around to tip screen asking for a 55% tip for the guy sitting at home controlling the arm 😂😂😂
new opportunities fir elderly, disabled to renter workfieid
is one of the limitless
no travel necessary from anywhere around the world
space underwater
u bane it
he went on from NO, i dont expect your offer to just straigh ok I accept your offer without even negotiating is super off. He should have been smarter than this . He could have easily gone down to 15% if not 20% was certain anyways..
Flashing the triangle hand sign at the beginning… this episode is brainwashing
What good is a robot that is still limited by a human..
Did you listen to the pitch? The human doesn't have to physically be at that location. They can be anywhere.
@@billsmith8825 I get that but the whole point of robots replacing humans is that robots are far more efficient! A human controlling the robot is not more efficient not to mention latency issues! It’s be easier for them to just develop a robot for whatever job and sell/license that technology
@Redacted until robots have sufficient AI to be able to make important decisions on the fly and have the ability to see and react to whatever it is they are working on, humans will still be needed. You wouldn't want a robot to be performing surgery on you and suddenly one of your arteries gets nicked and blood starts spewing everywhere and now the robot has to change priorities and handle that issue instead of the original surgery they were programmed to perform.
This allows the human to at least not have to be present at the location where the work is being performed. Maybe the specialist you need for the particular surgery you need lives in Switzerland. You could fly out there, or he could just do it remotely.
@@redacted7634 I think that the entrepreneur's explanation was lacking. If it is used for providing care in one's home, it will cut down dramatically on travel time and the carer would be able to administer to several patients/elderly in the time it takes to move by car from one home to another. Especially in rural areas. That was the advantage that I could see. I'm still not convinced that a robot in the home operated remotely could actually perform sufficient tasks however.
@@billsmith8825 These kinds of robots already exist in surgeries, Not fully autonomous don't get me wrong but we already have high precision human controlled robots capable of performing surgeries I just dont think this guy is going to be able to achieve what he is hoping for when there are already multi billion dollar companies who have been doing it for decades, And I have to agree with Steven when he said it looks super clunky and struggled to pick up a toy dog, I hope him the best but I cant see him making any changes in the industry.
How come this guy did not get funding from China?
Peter is a billionaire of course he's going to invest
Technology won't replace jobs. The most important thing that these people forget is we still have to maintain everything that humans have built. We haven't got to the stage where every facet of human life is going to be replaced by some robot far from it. So stop with the FOMO. The people like to think big plans and it not going to happen in the next decade.
Who else hates repeats on UA-cam?
Well the original was on TV, almost every show on UA-cam is a repeat.
@@Daveanoncomedy thanks dr obvious but that’s clearly not what he meant
How much content have you created that people are interested in watching?
@@ArcaneAnouki would be easy considering how many episodes they've recorded
Yep
I dont see the point. If a human still has to sit there and control it, whats the point of having the robot? Why doesnt the human controller just do the job? Especially jobs where human connection is important, or at least preferred, like care homes. I imagine some guy sat in his bedroom while the robot in the bar pours a customer a drink. This is moving towards a lazier and isolated society, where people dont need to leave the house cause they can do everything from home. Going to be like wall-e in no time.
While i can see the advantage to something like a difficult surgery that requires an expert from a different country, i cannot understand the need to replace things like bartenders and care home workers. These jobs do not need specialists, so why do they need remote-controlled robots? Surely there are enough humans locally to fill these kind of jobs?
So that the human can do other things and NOT monitor it!
@@TheManInBlueFlames In the example at the start of the pitch (and what I saw when I had a quick look at the website) the human is still controling it. They sell the robots and the software to interact them using a VR / AR headset. So the human *does* have to (at the least) monitor it.
They are not fully autonomous, they still require that human controller.
I agree. In fact, I was trying to say the same thing.
Nice shoes Touker
This is the first time Stephen has opened his mouth and I’ve gone “yep. Totally agree”.
Except his point of 5 years.
Try more like 50.
I could get behind having every single Chinese person replaced by a robot.
To much competition. Companies house shows tiny profit
I wonder where is Jenny? what would she say?
This is actually the answer to how humans Can save their jobs from A.I. takeover
"Elon Musk really inspires me" Ooph, that didn't age well.
Reading... I was readin a book in Reading... (Redding?????) just joking...
I do , sick of seeing repeats
This was on very recently on here. Come on. Dont be repeating them so early.
No it wasn't? Or do you mean on the tv
@@Hutchyy on their youtube channel
@@likeasambud9817 I've watched every video and haven't seen it before?
Some people may not have seen them.
Old people belong at Home and Not in a Home where the workers are over worked and get low wages.
Musk wasn't a Tesla founder at all. Researchers???
Didn't he sue them so that he could be considered a founder (even though he wasn't)?
The technology is already outdated. The arm is too limited and the controls are terrible. This is just sad.
Elon Musk didnt found Tesla.. he invested into it...
Can someone tell me the diffrence to the world that Elon Musk has made? Other than ruining Twitter.