Tightness in labor markets is boosting the use case of robotics, Morgan Stanley says, predicting a boom in humanoids — or robots in human form. "Advancements in AI are transforming the robotics industry," Morgan Stanley analysts said in a June 26 report called: "Humanoids: Investment Implications of Embodied AI." "Labor shortage and demographic trends increase the commercial relevance and paths of adoption across a broad range of industries," they added.
Last month, Tesla CEO Elon Musk claimed that his company's Optimus robots could eventually take the automaker's value to $25 trillion — over half of the value of the S & P 500 . In January, a demo video showed Optimus robots folding laundry. However, it was strongly criticized by engineers as the robots were being operated by humans and were not autonomous.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »