Investors seeking AI plays may want to consider humanoid robots, which some analysts expect to begin replacing human workers at scale by the end of the decade.
Morgan Stanley estimates the humanoid robot population will be 40,000 by 2030 and swell to 63 million by 2050.
"Breakthroughs in generative AI are bringing 3D perception, control, skill planning and intelligence to robots," Rev Lebaredian, Nvidia's vice president of omniverse and simulation technology, told CNBC. "Humanoid robots will help close the gap as labor shortages increase around the world, especially in sectors like retail, warehousing and distribution or manufacturing."
Macquarie expects there to be 6.3 million humanoid robots by 2035. By the end of that year, the firm estimates, the global market size for humanoid robots will reach a whopping $139 billion, with a 50% compound annual growth rate between 2026 and 2035. Just a few publicly traded companies are looking to meet this need. Many are electric vehicle makers with AI skills.are at the forefront and could be major long-term beneficiaries, Morgan Stanley and Goldman analysts said. There's also a slew of hot startups.XPeng, a Chinese auto giant, is poised to capture "the next AI megatrend," according to Morgan Stanley analyst Tim Hsiao.
China — the world's largest car manufacturer and biggest car market — is, by far, also the top robot market in the world,to the International Federation of Robotics. Policymakers have recently been pushing the technology as a way to further industrialize and grow the country's struggling economy, which is also facing a population crisis.
The company first revealed its ambitions to work on humanoid robots in 2021 at an AI Day event. However, its Optimus robots, seen folding laundry in a demo video earlier this year, were criticized for being operated by humans using controls, rather than acting autonomously. CEOhasn't been clear on Optimus' capabilities, but claimed in June that its humanoid robots could eventually boost Tesla's market cap to $25 trillion.
"Tesla ... has a market cap of over a trillion dollars. To me, for humanoid robots to be a big contributor to that, it would be on the consumer side. And I currently don't include that just because I don't know what that looks like," Narayan said.
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