In an interview with ITWeb, Jannie Strydom, CEO of LarcAI, said the firm was established in 2015 with the aim to leverage advances in machine learning and AI in software robots to automate mundane digital human effort.

According to a recent report by IDC, worldwide spending on robotics and related services will more than double by 2020. The market analyst firm says the robotics market will grow from $91.5 billion in 2016 to more than $188 billion in 2020.

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