In contrast, the products of the subdivided track are also more susceptible to market influence.

In addition to the education intelligent robot business affected by the contraction of the education and training market, logistics robots and consumer robots, which have replaced education robots as the main revenue source, are not safe.

8V1045.00-2 The logistics intelligent robot products and solutions of Youbi are extremely dependent on large customers, and according to the prospectus data, most of the income of Youbi logistics robot business comes from Tianqi Automation Engineering Group.

In 2021, 2022 and the first half of 2023, the revenue contributed by Tianqi Automation Engineering Group was 175 million yuan, 251 million yuan and 71.4 million yuan, respectively, accounting for 91.7%, 95.4% and 93% of the revenue of intelligent robot products and solutions of Youbi Logistics.

In the prospectus, the company also mentioned that if it fails to obtain new contracts or maintain business relationships with major customers, it will have a material adverse impact on the operational and financial results of the logistics intelligent robot business.

The consumer-grade robot-related business is also due to large 8V1045.00-2 market competition, resulting in low gross profit margins and unstable sales. The Alpha Mini Wukong (non-education) products, Alpha 1, Alpha 2 and the building blocks series (non-education) and other products have been slow to sell, so they choose to sell at a lower price.

There are more or less difficulties in the main business, and so on, the air of AI, but the best must choose seems to be a little powerless.

Tuyere or fork?

8V1045.00-2 On AI Day 2022, Tesla showed off for the first time a prototype of the humanoid Optimus, a robot that walks with the help of a worker and is described as a future solution for life.

It is hard to imagine that the robot will walk from the living room to the kitchen to do housework in the future.

By the end of 2023, Tesla released a second generation of Optimus demo video, the robot can already handle eggs. Tesla has released several demonstration videos this year, and the Optimus can already fold clothes with ease. In just a few weeks, Optimus’ flexibility and fluidity of movement have improved dramatically.

Youbi also released a video of the humanoid robot Walker S entering the Nio factory for an “internship.”

A big reason for the acceleration of humanoid robot 8V1045.00-2 technology is the improvement of AI technology.

When Nvidia CEO Jen-Hsun Huang talked about the impact of AI on the robotics industry, he once said: “If you can generate text, generate images, can you also generate motion?” Maybe.”

In other words, after AI crosses the threshold of intelligence emergence, the robot’s ability to learn motion may be greatly enhanced.

Figure AI is sought after by major technology companies, but also because it has Open AI behind it. Earlier, Figure AI announced that it was partnering with OpenAI to develop the next generation of AI models for humanoid robots. The updated general purpose robot Figure 01 can move boxes with bare hands and slowly place them on the conveyor assembly line, demonstrating industry-leading autonomous learning capabilities.

With the advancement of AI technology, the superposition policy and the strong entry of Tesla, the commercialization process of humanoid robots is accelerating. Galaxy Securities research report pointed out that 2024 is expected to become the first year of mass production of humanoid robots.

This means that humanoid robot manufacturers need to invest a lot of resources to develop and optimize their own AI algorithms and models. In the fields of data, algorithms, computing power, etc., it is possible to open the gap.

In other words, AI not only brings the tuyere, but also may accelerate the differentiation of the industry.

Compared with Figure AI and Optimus, Optimus started late in the field of AI, which is a challenge that domestic humanoid robot manufacturers need to face.