In Haidilao International Holding Ltd’s (海底撈) hotpot restaurants, robots are replacing chefs and waiters.
Asia’s biggest listed restaurant chain by market value is partnering with Japan’s Panasonic Corp to open what the two companies say is the world’s first eatery with a fully automated kitchen on Sunday in Beijing.
At the new Haidilao restaurant, robots are to take orders, prepare and deliver raw meat and fresh vegetables to customers.
The automation would lower labor costs and boost efficiency, underpinning Haidilao’s plan to expand to as many as 5,000 restaurants worldwide, the companies said.
“It could be difficult to expand to that size in terms of personnel, so Haidilao is shifting earlier to an operation that doesn’t rely so much on manual labor,” said Jun Yamashita, managing director of Ying Hai Holding Pte (瀛海), the Singapore-based joint venture Haidilao and Panasonic have set up. “That’s where Panasonic’s technology comes in.”
The joint venture was started with an investment of US$20 million, the companies said.
Haidilao has plans to expand the automated restaurants gradually in China and later overseas.
Haidilao became Asia’s first eatery chain to surpass US$10 billion in market value when it held its initial public offering in Hong Kong last month. The company has more than 360 locations around the world, including in Taiwan, Japan and the US.
“Haidilao is not just a restaurant — we’re also a company that also does manufacturing and logistics,” chairman Zhang Yong (張勇) told a briefing in Tokyo yesterday. “Before the food is brought to the table, it’s all a manufacturing process. After that, the service aspect takes over.”
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
PLANS: MSI is also planning to upgrade its service center in the Netherlands Micro-Star International Co (MSI, 微星) yesterday said it plans to set up a server assembly line at its Poland service center this year at the earliest. The computer and peripherals manufacturer expects that the new server assembly line would shorten transportation times in shipments to European countries, a company spokesperson told the Taipei Times by telephone. MSI manufactures motherboards, graphics cards, notebook computers, servers, optical storage devices and communication devices. The company operates plants in Taiwan and China, and runs a global network of service centers. The company is also considering upgrading its service center in the Netherlands into a
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”