Mentioned:
Are robots going to change the future of household tasks? That’s exactly what 1X is betting on.
What’s happening:
- Humanoid robotics startup 1X has officially unveiled their newest humanoid robot known as the NEO Gamma
The big idea:
- The NEO Gamma is designed to be capable of performing household tasks, including doing laundry, vacuuming and making coffee
- The NEO Gamma also has robust capabilities for understanding instructions and logical tasks, such as being able to control electronic devices within a home and even providing reminders about taking medication
Why it matters:
- 1X has raised significant funding to develop their humanoid robotics technology and attracted some of the most notable venture capital investors in the world, including Tiger Global, Samsung NEXT and OpenAI
Going deeper:
- There has been an ongoing scramble in both Silicon Valley and Wall Street to be on the leading edge of humanoid robots, which has led to major launches from companies such as Tesla (NASDAQ: TSLA), historic supply deals from Figure and mega financing rounds into robotics startups led by technology giants such as Google (NASDAQ: GOOG)
The fine print:
- 1X’s NEO Gamma is not yet available for purchase or commercial use, as it is still undergoing early testing and prototyping
