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December 12, 2024

The rise of AI robots

A fascinating study by Citigroup on the rise of AI-powered robots and humanoids ( Citi GPS – The rise of AI robots – Dec 24 ) predicts that over 1.3 billion AI-driven robots will inhabit the Earth by 2035, with this number soaring to 4 billion by 2050. Key applications are expected to include autonomous vehicles, domestic cleaning robots, and humanoids. Elon Musk's assertion that "there will be more robots than people by 2040" might not be as far-fetched as it seems. For investors, this robotic revolution presents significant opportunities across numerous industries, making it essential to understand the transformative potential and growth prospects it offers. No alt text provided for this image