China and the United States accounted for 75 per cent of all venture capital investment in the robotics space over the past six years, allowing them to build a formidable lead in a crucial emerging industry, according to a study by the analytics firm GlobalData. The scale of
A new wave of technological innovation and capital investment is propelling China’s robotics sector, with companies vying to commercialize humanoid robots for real-world applications. Here are some key players worth watching. https://t.co/wRYC1Dtcug https://t.co/MRkWb3JuPL
Investors on the hunt for real-world applications of AI may want to consider humanoid robots, which some analysts predict could begin replacing human workers at scale by the end of the decade. https://t.co/VEk300lV4I https://t.co/EjIpngWOZZ
China is set to invest $137 billion in robotics and high-tech industries, according to reports from IFR. This investment comes as the country's robotics sector experiences a surge in technological innovation and capital influx. Notably, Unitree Robotics, a prominent player in this industry, has confirmed consistent profitability since 2020 and has no plans for a new funding round. Early investors have highlighted the company's potential to create an ecosystem similar to that of Xiaomi. The robotics market in China is witnessing the emergence of several unicorns, including Unitree, UBTech, and AgiBot, as companies strive to commercialize humanoid robots for practical applications. A recent study by GlobalData indicates that China and the United States have accounted for 75% of all venture capital investment in the robotics sector over the past six years, establishing a significant lead in this crucial emerging industry.