movie I’m a robot The lead actor, Will Smith, premiered in 2004.
Although not his best film, the setting is classic science fiction.
It will take place in the distant future of 2035 in a world where extremely intelligent humanoid robots live.
Of course, what once was a distant future is now only ten years away…
And what seemed like science fiction at the time came to be closer to reality than most people realised.
As I said before, the robot revolution is here.
And the speed it is about to hit us will probably shock you.
But it’s not because of the growing number of robots in factories and fast food restaurants.
It’s not even the spread of robot dogs that people are most surprised.
That would be the number of robots that look like us.
What will a humanoid robot look like?
Have you redesigned the next 10 years?
That’s because the humanoid robot market is growing much faster than experts initially thought.
A recent study by Goldman Sachs shows that by 2035, the number of human-like robots shipped is expected to reach 1.4 million conservatively.
That’s four times the company we previously predicted.
And it’s pretty much in line with Elon Musk’s prediction that by 2040 there will be around 10 billion humanoid robots on Earth.
With that in mind, it is estimated that 9.2 billion people will live on Earth in 2040, apart from the dramatic changes in population growth rates.
This means that humanoid robots could surpass humans in the next 20 years.
What led to this dramatic change?
The advances in artificial intelligence have surprised even experts.
A new technology called the Robotic Large Language model allows robots to learn tasks without being programmed with every small movement. This allows the robot to operate outside the factory and adapt to new situations much more quickly.
The cost of building these robots is also falling rapidly.
In 2023, basic humanoid robots cost around $50,000, while the best model cost up to $250,000.
Last year, these prices fell from $30,000 to $150,000. This has been a 40% decrease.
This has happened in part because robot parts are cheaper and more suppliers can choose from.
But just as Deepseek showed how AI is quickly becoming cheaper and easy for everyone to use…
The same thing happens with humanoid robots. The design continues to improve.
Low costs means that humanoid robots will likely be seen in factories earlier than expected.
However, there are already many companies using humanoid robots, especially in the automotive industry.
Honda has developed a humanoid robot like Asimo…
Source: Honda
Toyota has introduced humanoid robots like the T-HR3…
Source: Toyota
Additionally, BMW, Volkswagen and Hyundai all developed their own humanoid robots that are used in manufacturing plants to assemble vehicles and use for inspection tasks.
By 2030, experts predict that over 250,000 humanoid robots will be shipped primarily for industrial use.
However, actual growth occurs in the consumer market.
According to Goldman Sachs, robots for personal use could arrive two to four years earlier than previously thought.
And within just 10 years, ordinary people start bringing robots into their homes, making annual sales possible exceed 1 million units.
And while I understand that it might sound like a reach to you, consider today’s home already has over 40 million Roomba Robot cleaners…
And humanoid robots can do more than vacuum.
Domestic robots can be useful primarily for task cleaning and dating.
Their improved mobility and capacity should quickly benefit the elderly and disabled.
However, as they become more functional, it is easy to see how they can help different tasks.
Your robot helper can take over more complicated household chores, such as cooking, washing, mowing the lawn right away.
Also, as AI continues to develop, domestic robots can schedule reservations for you, track smart appliances in your home, and generally make life easier for you.
They may even be a component of your home’s security.
In other words, the next 10 years I’m a robot It may begin to appear more like a historical account than a science fiction work.
This is my opinion
Naturally, there are moral and ethical concerns about the domestication of AI-driven robots, but that is beyond the scope of this letter.
What I’m worried about is investing opportunities.
Goldman Sachs reports that by 2035, robots like humans would be worth a whopping $38 billion.
That’s six times the previous estimate of just $6 billion.
However, these figures are conservative compared to Macquarie’s estimate that the global humanoid robot market size will reach $139 billion by 2035.
This corresponds to a combined annual growth rate of 50%.
And that’s not possible. After all, Elon Musk is all-in on humanoid robots, and Tesla (TSLA) aims to become a major player in this space for Optimus Robot.
In January’s revenue, Musk said Tesla will begin production of “thousands” of Optimus robots by the end of 2025.
And for the long term, he said he believes “Optimus could be north of $10 trillion in revenue.”
But he has a competition.
Boston Dynamics continues to dramatically improve its robots. Last year, we discontinued the hydraulic version of the Atlas robot and replaced it with an incredibly agile all-electric version.
You can even backflip.
Boston Dynamics is a private company, but Hyundai is the majority owner.
And another company I’m paying attention to is Diai.
The company calls it:
The meeting with investors reportedly raises $1.5 billion in the development of these robots.
This brings the company’s valuation to nearly $40 billion, a 15-fold increase from its final round of funds valued at $2.6 billion.
Microsoft, Nvidia, Jeff Bezos and Ark Invest are all investors in this fast-growing company…
And if you start hearing more about them in 2025, I won’t be shocked.
nice to meet you,
Ian King
Chief strategist, Banyan Hill Publishing
