Eight years ago, not even a million dollars went into startups focused exclusively on humanoids. Today, the total amount of private capital for the industry has climbed over $1.4B. Just this month, Citi's leading investment analysts published 'The Rise of AI Robots: Physical AI is Coming for You.' In summarizing his report, contributing author Fei Wenyan declared on a Yahoo podcast last week, 'By 2050, we are looking at a $7T market for humanoids.' His contributing researcher, Rob Garlick, supported Wenyan's bold statement by justifying that the biggest difference today is the speed of generative artificial intelligence (GenAI).
Robots are hardly new, but there's a number of new developments that are happening. Artificial intelligence [is] probably the most important,
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