The Humanoid Robot Race Intensifies: Google Joins the Fray
Summary:
The humanoid robot industry is thriving, with Google entering the market through a $350 million Series A funding round for Apptronik. Apptronik aims to scale production and commercialize its "Apollo" robot, targeting industrial and manufacturing sectors. Elon Musk's Optimus humanoid has sparked interest in the industry, projected to reach $7 trillion by 2050.
Key Points:
* Apptronik's funding round led by B Capital and Capital Factory includes Google's participation.
* Apptronik's "Apollo" robot leverages Nvidia's GPUs and has secured partnerships with GXO Logistics and Mercedes-Benz.
* Over 50 companies are developing humanoid robots, including Alfie from Prosper Robotics and Kime from Macco Robotics.
* The industry's potential is vast, with estimates of 648 million humanoid robots in operation by 2050 and a TAM of $209 billion by 2035.