Beijing (AFP) – More than 150 Chinese companies are making humanoid robots, but a market bubble risks forming in the rapidly growing futuristic industry, a Beijing official has warned. Government support and strong supply chains are helping Chinese firms push ahead in the race to develop AI-powered robots that could one day help perform everyday tasks. However, the sector risks overcapacity as production scales up quickly without actual orders, Goldman Sachs warned recently.
On Thursday, Chinese official Li Chao addressed these concerns at a National Development and Reform Commission briefing. She stated, “‘Speed’ and ‘bubble’ have always been issues that need grasping and balance in the development of frontier industries.” Li emphasized that the same is true for the humanoid robot industry, in response to a question about bubble concerns. This discussion reflects wider fears of a market crash fueled by frenzied investment in artificial intelligence technology worldwide.
“In recent years, driven by innovation and increased demand, humanoid robotics representing the scale of the embodied intelligence industry is seeing explosive growth,” Li commented. However, she cautioned that the sector is not yet mature in terms of technology, commercialization, or use. More than half of China’s 150 humanoid robot companies, a figure that continues to rise, are described by Li as “startups or ‘cross-industry’ entrants, which is a good thing for innovation.”
“But we must also be vigilant in preventing products that are highly repetitive from ‘gathering’ in the market, squeezing research and development space and posing other risks,” she added. An April report from Leaderobot, a specialist consulting firm, predicted that China’s humanoid robotics industry would reach 82 billion yuan ($11.6 billion) by 2025, accounting for half of global sales.
While large-scale real-life use cases remain elusive, ambitious trials have captured public attention. A robot developed by Shanghai’s AgiBot recently set a Guinness World Record for the longest reported distance ever walked by a humanoid machine, completing a three-day, 100-kilometer (62-mile) trek. Additionally, Beijing hosted the world’s first-ever humanoid robot games in August, where more than 500 “athletes” competed in various disciplines, including basketball and competitive cleaning.
© 2024 AFP
