Elon Musk's Trillionaire Goal Could Be Met With Optimus, Robotaxi As Barclays Predicts Trillion-Dollar Market For Physical AI

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02/18

Analysts at English multinational bank Barclays predict that Physical AI, including Robots and Robotaxis could make up a $1 trillion market, in what could be a boost to Tesla Inc. (NASDAQ:TSLA) CEO ...

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(NASDAQ:TSLA) CEO Elon Musk's trillionaire ambitions.\nAccording to a new research note released by analysts, accessed by Bloomberg on Tuesday, the physical AI sector could transform into a $1 trillion market by 2035.\nThe report comes due to large-scale \"advances in brains, brawn and batteries,\" which would push AI-enabled robotics to \"an inflection point,\" Zornitsa Todorova, the head of thematic fixed-income research at the bank, said in the report.\nIt’s worth noting that industry experts suggest that Nvidia's Alpamayo technology could not only help automakers scale their autonomous driving ambitions, but also help with certain tasks in production and manufacturing sectors, which see applications of physical AI.\nMusk, during Tesla's earlier earnings call, also warned of potential competitors for the Optimus robot emerging from China. \"I do think that by far, the biggest competition for humanoid robots will be from China,” he said.\nThe robot, according to Boston Dynamics, is capable of lifting objects weighing up to 110 lbs and can function smoothly in temperature ranges from -4° to 104° F. While the company also mentions that a task learned by a single Atlas unit could be replicated by the entire fleet.\nBenzinga Edge Rankings show that Tesla scores well on the Momentum metric and offers a favorable price trend in the Long Term.\nPrice Action: TSLA slid 1.63% to $410.63 at Market close on Tuesday, but gained 0.80% to $413.92 during premarket trading on Wednesday.\nCheck out more of Benzinga’s Future Of Mobility coverage by following this link.\nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}