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Roomba maker goes bankrupt, Chinese owner emerges

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Re: Roomba maker goes bankrupt, Chinese owner emerges

#441
post #362
post #296

Earlier quoted context omitted.

> The funny thing is that Bambu didn't innovate. They just made it work really, really well. Everything wrong with the western tech academic/industrial complex in two sentences.

Being that “Making something work really,really well” isn’t seen as innovation?

Important use of “just” to downplay it too.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#442

Earlier quoted context omitted.

That seems to be a problem with many companies. Chinese companies are innovating aggressively while others don’t. You see that with 3d printers where Bambu is kicking ass. I remember when GoPro did a drone and it simply wasn’t good. Or American carmakers are trying to turn back the clock on electric instead of embracing it.

The Chinese government is heavily subsidizing 3D printers by granting tax deductions up to 200%. https://www.josefprusa.com/articles/open-hardware-in-3d-prin...

Same for drones, and you know why? Because all of these civilian technologies can be easily leveraged for military... so a) they get the good stuff first because they're leading the sector and b) western countries buy their shit instead of making their own, which means we don't develop the tech and we effectively subsidise theirs

Can't blame them really, they mastered the rules of the game we forced them to play.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#443

I wonder what happens to the app and cloud functionality. > Under the restructuring, vacuum cleaner maker Shenzhen PICEA will receive the entire equity stake in the reorganized company. The company’s common stock will be wiped out under the proposed Chapter 11 plan. Hopefully they keep the lights on.

Honestly, the app has been stagnating and there is a glimmer of hope the new owners will invest in it! For example, myself and many others still cannot access the "Obstacle area review will normally appear here" error, so I have no idea what photos my robot is actually taking of my socks.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#444

It was bound to happen. I had bought two different robo vaccums at two different times (in 2022[irobot], then 2025[eufy], both upwards of $400) - they both were pretty terrible and I ended up returning both of them. I can't believe people are still using these things. They get stuck when there is no reason to get stuck, they miss dirt that should be picked up.

The only ones worth getting have Lidar. I've had a 'random path' one before and it was like you described. My Lidar one runs every day with only a rare issue when I leave a cord strung across the floor or similar.

That's what I thought and hence I bought the eufy model with a lidar; I also thought maybe the technology in 2025 is more mature but it wasn't the case. It would complain about obstacles even thought there was nothing on the ground. Maybe I was unlucky both the times but I am just way more satisfied when I clean the house with my $100 hand held vaccum haha.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#445
post #365

I'm all for antitrust, but it's a shame the Amazon acquisition was blocked.[0] iRobot was in a distressed state then, and immediately laid of 1/3 of staff when the deal fell through. I knew a survivor of that mess. Now this. 0: https://www.theverge.com/2024/1/29/24034201/amazon-irobot-ac... 0: https://archive.is/rBn7z

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Re: Roomba maker goes bankrupt, Chinese owner emerges

#446

Earlier quoted context omitted.

Chinese companies don't have quarterly financial metrics to report to shareholders, which result in severe punishment if the "growth at all costs" strategy isn't followed. This means chasing quarterly profit over innovation, because it's much easier to milk an asset for as long as possible until suddenly it isn't and you're left behind. But that doesn't matter when the pressure is entirely placed on showing financial…

They're playing the long game while we're playing the "whose dick I have to suck to get a better position in the next 5 years" at every level of the hierarchy both politically and industrially. We moved all our factories there thinking they'd work for cheap and stay peasants forever. Meanwhile their education seriously leveled up while ours stagnated (at best) or declined. In the meantime they also mastered manufactu…

Totally agree on those points too, but I think you're giving US companies too much credit when you say:

> playing the long game while we're playing the "whose dick I have to suck to get a better position in the next 5 years"

5 years is generous. I'd say a year at most. Just keep delivering gold statues to the White House in order curry favor for a little while longer; meanwhile, keep chasing the profits at the expense of longevity, as required by law for public companies.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#447
post #289
post #254

According to the Financial Times, Roomba has sold more than 40 million robotic devices, most of them robotic vacuum cleaners.[a] Many of those vacuum cleaners have cameras, can move around on their own, and are connected to the Internet. If they're taken offline, they stop working. Many have microphones too. The new Chinese owner will get control of a network of tens of millions Internet-connected, autonomously mobil…

Our household (and I suspect many with us) bought a Roomba specifically to not give the Chinese government a roving camera in our home. Ouch!

Why didn't you just buy one with no camera at all?

Re: Roomba maker goes bankrupt, Chinese owner emerges

#448

Earlier quoted context omitted.

Definitely not all live and functioning. In fact I suspect less than 10m are actively used. It is a company that has been around for years and it has run into sales issues that last few years with competition and their products have tech product lifespans of around 3 years I suspect.

Personally, I have a Roomba I bought in Jan 2019 that's still doing just fine (So 7 years now). Most of the parts are pretty easily replaced (genuinely pleasant surprise, as an aside) and the company stocked most replacement parts for a long time - I just checked again and I can still get parts for my model (I-series) incl batteries, wheels, brushes, filters, etc. Which is less than it used to be, but still enough to…

> Personally, I have a Roomba I bought in Jan 2019 that's still doing just fine (So 7 years now).

BTW I just found on a bunch of robotic vacuum websites that 4-6 years is the quoted expected lifespan with maintenance:

https://us.narwal.com/blogs/product/how-long-robot-vacuums-l...

https://ca.dreametech.com/blogs/blog/how-long-do-robot-vacuu...

https://au.roborock.com/blogs/roborock-au/how-long-do-robot-...

I think that likely means without maintenance it is a little less.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#449
post #365

I'm all for antitrust, but it's a shame the Amazon acquisition was blocked.[0] iRobot was in a distressed state then, and immediately laid of 1/3 of staff when the deal fell through. I knew a survivor of that mess. Now this. 0: https://www.theverge.com/2024/1/29/24034201/amazon-irobot-ac... 0: https://archive.is/rBn7z

Elizabeth Warren is proud of blocking this deal: https://www.wsj.com/opinion/amazon-irobot-deal-collapse-room...

She should be, honestly. To me as an American, China has a better reputation than Amazon. Of those two choices, I'm happier with this outcome than giving even more stuff to Amazon.

Re: Roomba maker goes bankrupt, Chinese owner emerges

#450
post #415

Earlier quoted context omitted.

Why not? Unless you are a Chinese citizen, it arguably makes more sense to grant access to the Chinese government rather than the US government. The PRC generally shows little interest in non-citizens while the US government frequently goes after people beyond its borders (e.g. Meng Wanzhou, Changpeng Zhao, Sam Bankman-Fried, Julian Assange, Kim Dotcom, etc.).

The general thing about state actors is that they have every incentive to have a dossier of compromising information on every foreign national regardless of current relevance, for potential use in the future. You could, for instance, someday be in a position where you have privileged access to data that becomes relevant to them, and thus your history becomes useful.

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