Dive summary:
- EcoATM of San Diego, Calif., with support from the National Science Foundation (NSF), has developed an automated system that lets consumers trade in old electronics for reimbursement or recycling.
- Using artificial intelligence ecoATM kiosks can differentiate varied consumer electronics products and determine a market value, the customer then has the option to receive cash, store credit or donate the money to one of several charities.
- EcoATM is able to reuse three-fourths of the phones it collects, sending the rest to be recycled keeping toxic components from landfills.
From the article:
With support from the National Science Foundation (NSF), ecoATM of San Diego, Calif., has developed a unique, automated system that lets consumers trade in those devices for reimbursement or recycling.
Using sophisticated artificial intelligence developed through two NSF Small Business Innovation Research grants, ecoATM kiosks can differentiate varied consumer electronics products and determine a market value. If the value is acceptable, users have the option of receiving cash or store credit for their trade--or donating all or part of the compensation to one of several charities. ...
