Name: Companies racing to make AI-fueled robots for everyday life
Uploaded: 2024-11-26T10:32:19.998Z
Duration: 3 min 8 s
Description: The humanoid robot market looks set to explode in the coming years, with companies vying to be the first to get a viable android into our daily lives.

The humanoid robot market looks set to explode in the coming years, with companies vying to be the first to get a viable android into our daily lives.

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Rise of AI

Recent advances in artificial intelligence (AI) and engineering are paving the way for significant changes in various sectors, including healthcare and disaster response. Companies are now racing to introduce AI-powered robots into daily life, amidst predictions of widespread use. Tesla CEO Elon Musk envisions billions of humanoid robots by 2040, partly due to falling costs and increased market interest. The International Conference on Humanoid Robotics in Nancy, France, recently hosted over two dozen companies and research institutions showcasing cutting-edge machines, underscoring the growing interest in robotics.

Serena Ivaldi, Director of Research at the INRIA Center at the University of Lorraine, notes a surge in start-ups due to decreased engineering costs, revolutionizing actuation and electronic components. These advancements have led to more robust and efficient prototypes. AI serves as the intellectual core of these robots, allowing them to learn from their surroundings, make informed decisions, and execute complex tasks. With the integration of image and language processing within AI, the functionality of these robots continues to expand.

Major corporations like Microsoft, Google, Meta, Amazon, and Nvidia have invested heavily in AI, with venture capital firm Excel predicting AI and cloud companies in the US, Europe, and Israel to reach nearly $80 billion in funding by the end of 2024. Despite these advancements, complete autonomy in robots remains a significant hurdle. Agnieszka Wachowska from the Italian Institute of Technology states that achieving real-time responsiveness in complex environments, such as homes or clinical settings, is still a considerable challenge that the industry needs to address.



Companies racing to make AI-fueled robots for everyday life

Recent advancements in artificial intelligence and engineering have the potential to change the world in many ways, from healthcare to disaster response. And now there's a push from companies racing to be the first to introduce AI-powered robots into our everyday lives. With proponents like Tesla CEO Elon Musk saying there could be billions of humanoid bots roaming the earth by 2040 and costs falling, the market looks set to explode. Here at the International Conference on Humanoid Robotics in Nancy, France, more than two dozen companies alongside research institutions are showcasing their latest machines. We are really witnessing a huge revolution, a huge increase in the number of start-ups. Serena Ivaldi is Director of Research at the INRIA Center at the University of Lorraine. In the last year there has been a revolution in the actuation and in some electronic components and so the robots now are more robust, more efficient, more performing. And also the cost has decreased, which enables more companies, more labs to produce new prototypes. Ivaldi says that cheaper engineering costs have allowed a rise in start-ups developing robotics. While engineers design the machines to mimic human form and movement, AI provides the brainpower, helping the robots to learn from their environment, make decisions and perform complex tasks. Ivaldi also says new AI methods that incorporate image and language processing will make the machines more useful. Right now in the AI domain there is a lot of work that is done with the pre-trained models that start from a lot of examples, a lot of demonstrations, but I think it's not that far the moment where the AI methods will exhibit the generalization capacity that enables the robot to do new stuff that is explained on the fly without having demonstrations. Companies like Microsoft, Google, Meta, Amazon and Nvidia have already invested billions in adopting AI. According to venture capital firm Excel, funding of AI and cloud companies in the US, Europe and Israel is estimated to hit nearly $80 billion by the end of 2024. But as some robots showed off their skills at the conference, Agnieszka Wachowska from the Italian Institute of Technology warned that we are still a ways away from seeing the sorts of robots we'd recognize from science fiction. I guess at this moment is what I just mentioned, is being naturally in real time able to respond to the environment, to the human and act in complex environments like home for example or clinical setting like where we are. So I think this is still a big challenge and we're very far away from making robots fully autonomous to be able to interact with humans in such a way.

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Rise of AI