Mentioned:
The public markets are getting obsessed about a new area of technology: robotics.
What’s happening:
- Multiple publicly traded companies have been making breakthroughs in robotics innovation recently, which has sparked a euphoria about the potential opportunity in robots and fuelled major new capital inflows
Why it matters:
- Robotics may have major disruptive implications on the future, as startups and public companies continue to find new applications for how robots may be able to seamlessly integrate into everything from physical labour to household tasks to even agriculture
Who is making moves:
- Realbotix (TSXV: XBOT) just recently announced new technology improvements to their humanoid robots including the ability to detect objects, track eye movements and be integrated with different artificial intelligence models
- Serve Robotics (NASDAQ: SERV) just recently raised an additional $86M USD in new growth capital to fuel their autonomous delivery technology
- Google DeepMind recently announced a new partnership with humanoid robot company Apptronik to provide them with leading edge artificial intelligence models
- XPeng (NYSE: XPEV) also previously unveiled their humanoid robot prototype for the first ever
Going deeper:
- The euphoria around robotics has also been heating up in Silicon Valley too, with prominent venture capital fund Lux Capital recently leading a mega round into robotics startup Physical Intelligence alongside of Amazon (NASDAQ: AMZN) founder Jeff Bezos and OpenAI
