Stay Tuned!

Subscribe to our newsletter to get our newest articles instantly!

Entertainment

China’s humanoid robots captivate world



HONG KONG  –   When humanoid robots dominated the stage of last year’s Spring Festival Gala with sleek dance routines, Ai Lin saw more than a spectacle. He saw a business. Soon after, the e-commerce livestreamer in Hangzhou shelled out $30,000 for his first android and turned it into a rental venture. Business has been brisk. For 3,000 yuan ($443) a day, customers can hire an android to attract crowds at exhibitions, perform at events or even help stage a marriage proposal. But his venture has also revealed what viral videos of dancing, flipping Chinese robots have not: the heavily promoted technology is still years away from replacing human labor, whether on a factory floor or in a household. “The market for humanoid sales hasn’t really taken off yet because today’s robots still can’t operate on their own – they’re basically oversized toys,” he said. Still, Beijing is betting billions of dollars on humanoid robots as a strategic technology that could increase productivity as economic growth slows and its workforce shrinks. Getting a leg up in the burgeoning industry could also help China pull ahead of the US and other rivals in artificial intelligence and advanced technology.  “Traditionally, industrial capabilities have been controlled by countries like Germany, Japan and the US,” said Lian Jye Su, chief analyst focusing on artificial intelligence and humanoid robots at research firm Omdia. “But with humanoids, it represents a rare opportunity where the whole world may be looking to China for this next pivotal moment.” The potential for the industry is immense. Investment bank Morgan Stanley estimates there could be one billion humanoids in use by 2050, representing a market of over $5 trillion, though adoption will not pick up speed until at least a decade from now. China already dominates the manufacturing and deployment of industrial robots, such as robotic arms in factories. And its humanoid robot makers accounted for the vast majority of the global android deliveries last year, far outpacing American competitors like Tesla and FigureAI.





Source link

mt-admin

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Entertainment Film Life & Style Theatre

Cinemas, theatres in Pakistan to close down

The decision comes as an effort to contain the spread of coronavirus in the country LAHORE: Cinema houses, theatres and
Entertainment Life & Style Theatre

Where does the art form stand in Pakistan today?

LAHORE: March 21 marks the World Puppetry Day around the globe. Amid the chaos caused by a global pandemic, the artists