10 AI News Updates Making Waves on Wall Street

8. Richtech Robotics Inc. (NASDAQ:RR)

Number of Hedge Fund Holders: 1

Richtech Robotics Inc. (NASDAQ:RR) manufactures, and sells robotic solutions for automation in industries such as hospitality, healthcare, and retail.

Richtech Robotics (NASDAQ:RR) announced that the grand opening of Clouffee & Tea at Town Square, Las Vegas, will take place on February 9, 2025. It marks the debut of the company’s AI-driven food and beverage brand, featuring its robot barista, ADAM. ADAM is powered by NVIDIA AI and can interact with customers, take verbal orders, and craft beverages with precision. Richtech Robotics’ President, Matt Casella said:

“Today’s announcement is a major milestone for Richtech Robotics, marking the official launch of our innovative food and beverage brand, Clouffee & Tea. This grand opening highlights our ability to leverage AI-powered robotics to drive real revenue in the hospitality industry, setting a new standard for automation in customer experiences.”