The public markets are starting to believe in the future of robotics. And it might be the next big revolution in technology.
What’s happening:
- Publicly traded companies have been ramping up innovation around robotics recently, leading to a flurry of new product launches, partnerships and distribution deals
Why it matters:
- Robotics technology has been a highly important trend in Silicon Valley for decades, but excitement around the potential for robots has not begun to hit the public markets until much more recently
- The future of robotics has many different potential implications, from automating manual labour to accelerating manufacturing to reducing the carbon emissions of deliveries
Who is making moves:
- Tesla (NASDAQ: TSLA) just recently made waves unveiling their Optimus robot which leverages artificial intelligence and machine learning to be able to perform tasks fully autonomously
- RichTech Robotics (NASDAQ: RR) has cut two notable deals for both their ADAM and Scorpion robots, previously installing ADAM into a major league sports arena for the first time ever and landing a distribution deal with Sproutmation for their Scorpion robot
- Serve Robotics (NASDAQ: SERV) recently launched a new partnership with Google (NASDAQ: GOOG) owned drone company Wing in which Serve Robotics’s fleet of autonomous robots will bring packages directly to Wing drones who will then fly them short distances for delivery
Going deeper:
- The founder of Archer Aviation (NYSE: ACHR) Brett Adcock’s robotics startup Figure has also been making enormous progress, previously launching their newest humanoid robot Figure 2 which represents the first ever commercially viable fully autonomous humanoid robot
- Amazon (NASDAQ: AMZN) founder Jeff Bezos has also been making his own bets on robotics, previously leading a financing round for robotics startup Swiss Mile
- Nvidia (NASDAQ: NVDA) has also been leaning heavily into robotics as yet another important application of artificial intelligence, making investments into Serve Robotics and multiple startups including Figure
- Chipotle (NYSE: CMG) previously made an investment into agricultural robotics startup Greenfield Robotics through their venture capital arm Cultivate Next
The intrigue:
- Robotics startups have also been ramping up ambitious attempts at redefining the future and finding new applications for robotics technology, with companies pursuing everything from using robots to paint roads to drawing blood from human beings