From Yahoo Finance, December 4:
Great strides have been made in technology and artificial intelligence, making humanoid robots seem like a not-so-distant reality.
In a recent episode of Opening Bid, Citi Global Insights analysts Rob Garlick and Wenyan Fei discussed their research on the advancement of humanoid robots over the next 25 years.
"Robots are hardly new, but there’s a number of new developments that are happening," Garlick told Yahoo Finance Executive Editor Brian Sozzi, adding, "Artificial intelligence [is] probably the most important."
The study suggested that one of the most likely areas for humanoid robots to make significant progress is in home services. Robots that can complete chores, such as folding laundry or mowing the lawn, and those designed to help care for older adults are projected to experience significant growth. Other use cases include parcel delivery, construction, and food delivery.
"I think by 2050 we are looking at a $7 trillion market for humanoids," Fei said.
Tesla's (TSLA) Optimus is one prominent example of a humanoid robot in development, but dozens of other companies are also making significant advancements in this field. According to the analysts, there are "over 50 different humanoids in development."
Despite clear growth opportunities in the home market, robots are more likely to be implemented in industrial settings and the workforce before they become accessible to the everyday person.
“The payback period for these humanoids could be very, very short and deep,” Garlick noted. He estimated businesses could see a payback period as short as 36 weeks for some of these robots, though he admitted that "it’s not clear the substitution rate that you should use [for humanoids to human employees]."....
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Possibly also of interest:
HSBC is staffing branches with humanoid robots that dance, take selfies and push credit cards
Now that's dystopia.
- Robots: "Powered by Nvidia and AI, humanoid ambitions take shape" (NVDA; TSLA)
- While You Were Busy Living Your Life: "Nvidia Announces GR00T, a Foundation Model for Humanoids"
- In Addition To Nvidia, China Also Seems To Think There May Be Something To This Humanoid Robot Stuff
- Another Car Company Is Pursuing Humanoid Robots
