Chinese manufacturers bet on robots as the next big profit machine
Article excerpt
Interest in humanoid robots is not a new phenomenon, but it has gained momentum recently. The figure of Elon Musk and his Optimus robot, as well as videos of Boston Dynamics' Atlas robot, have contributed to this popularity. However, behind the enthusiasm, real progress is observed in the physical capabilities of robots, which are constantly improving. Researchers believe that the artificial intelligence techniques underpinning large language models can make complex robots capable of learning almost any task.This trend has motivated a new group of companies to invest in the promise of profits offered by humanoid robots, with many of the new players being Chinese car manufacturers. This week, Xpeng's robotics unit raised more than 900 million dollars in a financing round, reaching a post-money valuation of more than 6.3 billion dollars. This round, led by IDG Capital with the participation of Gaorong Ventures, Tencent, and Alibaba, was described as the largest private single-round financing in China's embodied artificial intelligence industry.For its part, Chery Automobile's robotics unit, known as AiMOGA, began preparing its initial public offering (IPO), while BYD unveiled a humanoid robot called Xiao Di. Other Chinese automakers, such as Changan, GAC, Li Auto, SAIC, and Seres, are also developing humanoid robots.Of all of them, Xpeng is the Chinese automaker that most...
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Boston Dynamics, owned by Hyundai, is getting closer to that goal, as it plans to bring its Atlas robot to its factory in Georgia this year and eventually use the robots for tasks such as parts sequencing by 2028.
