Many humanoid robotics companies backed by investors face fundamental challenges with cost and reliability that will not be solved any time soon, a report by CB Insights suggests. According to investors, venture capital companies especially now should embrace a revenue-first philosophy.
Recent major venture capital (VC) reports from KPMG and PitchBook confirm that AI remains in the lead, accounting for more than half of all investments this year.
Data from CB Insights shows that investors’ attention inside the AI market is shifting rapidly toward industrial humanoid robotics. As a result, investors argue the flood of AI capital is pushing robotics toward a speculative zone, with too many startups promising breakthroughs without commercial evidence. [Read more…] about Investors warn ‘AI hype is fueling a bubble in humanoid robotics’