Unitree, China's leading robot maker, lost nearly half of its $66 billion market valuation this week after its IPO, as analysts cited robots' inability to perform value-creating work. At the Actuate conference, organizer Foxglove reported 1,500 attendees, triple its 2023 size, while Avala promoted solving "the robotics data crisis." Developers say physical AI remains in its GPT-2 era, needing more data and compute. Autonomous vehicle firms like Wayve and Uber are launching humanoid robotics labs.
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