The company behind the $16,000 AI-powered laundry-folding robot has filed for bankruptcy

Seven Dreamers, the Japanese company behind the AI-powered laundry-folding robot Laundroid, has filed for bankruptcy. The company is now in the process of selling and transferring its business, it announced on its website today, which was spotted by Bloomberg editor Gearoid Reidy.

Backed by companies like Panasonic and Daiwa House, Laundroid had ambitious dreams to be the ultimate wardrobe organizer for the entire household. It had multiple cameras and robotic arms to scan a load of laundry, and used Wi-Fi to connect to a server that would analyze the clothing using AI to figure out the best way to fold it. A companion app was supposed to be able to track every piece of clothing that went through Laundroid, and categorize the clothes by…

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