Latest news with #humanoidRobots
TechCrunch
4 days ago
- Automotive
- TechCrunch
Figure AI CEO skips live demo, sidesteps BMW deal questions on stage at tech conference
Brett Adcock, co-founder and CEO of the humanoid robotics startup Figure AI, made a rare public appearance at the Bloomberg Tech conference on Thursday. Figure has recently been the subject of a couple of news articles that questioned its progress with marquee customer BMW. Figure objected so strenuously to at least one of these reports that Adcock publicly threatened to sue the publication. When asked about the skepticism surrounding the BMW relationship and whether it is a pilot or has commercial value to the company, Adcock replied with an explanation of the technical benefit of having robots on a factory floor but didn't provide specifics about the contractual relationship with BMW. 'We get a lot of value, and it's really important that we need to figure out how to run robots every day. We get to see how well they perform. We get to track all the metrics,' he said. Two months ago, Figure also published a YouTube video showing a couple of its robots working in a BMW factory. Adcock did, however, say that Figure AI has signed a contract with a second, unnamed customer for initial deployment, a customer that Bloomberg has reported to be UPS. Figure AI has drawn attention for making claims that its AI-powered robots possess human-like fine motor skills and can manipulate objects with precision. Despite releasing numerous videos of its robots at work, the company hasn't done a live demonstration of the humanoids. The interviewer, Bloomberg's Ed Ludlow, pointed out that while two other robotics companies, Agility Robotics and Boston Dynamics, showcased their robots at the conference, Figure AI did not. 'It kind of goes back to our whole philosophy around we don't go to a lot of events,' said Adcock. 'I think it's a giant waste of time. To be frank, I have to bring a team here to bring robots here. They could be at the office,' he said, adding that the company is showcasing the robots in videos. Adcock confirmed that Figure AI is expecting to manufacture and deploy roughly 100,000 units within four years. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW The skepticism about Figure's commercial relationship comes amid the company's attempts to raise a $1.5 billion round at a $39.5 billion valuation, sources told Bloomberg, a fifteenfold increase from the $2.6 billion valuation it achieved in February 2024. TechCrunch reported in April that Figure AI has been issuing cease-and-desist letters to secondary market brokers, demanding they stop marketing its shares because they are not authorized to do so.
The Independent
6 days ago
- Business
- The Independent
A soccer mystery: Why mighty China fails at the world's biggest sport
In April, Chinese President Xi Jinping visited a company that makes humanoid robots. There he floated an idea to fix the country's woeful men's soccer team. 'Can we have robots join the team?' Xi was quoted as saying on the website of Zhiyuan Robotics. It might be too late. China will be out of World Cup qualifying if it fails to beat Indonesia on Thursday. Even a victory may only delay the departure. What's the problem? China has 1.4 billion people, the globe's second largest economy and won 40 Olympic gold medals last year in Paris to tie the United States. Why can't it find 11 elite men's soccer players? How soccer explains a bit of China The government touches every aspect of life in China. That top-down control has helped China become the largest manufacturer of everything from electronics to shoes to steel. It has tried to run soccer, but that rigid governance hasn't worked. 'What soccer reflects is the social and political problems of China," Zhang Feng, a Chinese journalist and commentator, tells The Associated Press. "It's not a free society. It doesn't have the team-level trust that allows players to pass the ball to each other without worrying.' Zhang argues that politics has stalled soccer's growth. And there's added pressure since Xi's a big fan and has promised to resuscitate the game at home. Soccer is a world language with its 'own grammar,' says Zhang, and China doesn't speak it. 'In China, the more emphasis the leader places on soccer, the more nervous the society gets, the more power the bureaucrats get, and the more corrupt they become," Zhang adds. Xi Jinping's dream — or nightmare? After China defeated Thailand 2-1 in 2023, Xi joked with Srettha Thavisin, the Thai prime minister at the time. "I feel luck was a big part of it,' Xi said. The consensus is clear. China has too few quality players at the grass roots, too much political interference from the Communist Party, and there's too much corruption in the local game. Wang Xiaolei, another prominent Chinese commentator, suggests that soccer clashes with China's top-down governance and the emphasis on rote learning. 'What are we best at? Dogma," Wang wrote in a blog last year. 'But football cannot be dogmatic. What are we worst at? Inspiring ingenuity, and cultivating passion.' Soccer is bigger than China The latest chapter in China's abysmal men's soccer history was a 7-0 loss last year to geopolitical rival Japan. 'The fact that this defeat can happen and people aren't that surprised — despite the historical animosity — just illustrates the problems facing football in China," says Cameron Wilson, a Scot who has worked in China for 20 years and written extensively about the game there. China has qualified for only one men's World Cup. That was 2002 when it went scoreless and lost all three matches. Soccer's governing body FIFA places China at No. 94 in its rankings — behind war-torn Syria and ahead of No. 95 Benin. For perspective: Iceland is the smallest country to reach the World Cup. Its latest population estimate is almost 400,000. The website Soccerway tracks global football and doesn't show a single Chinese player in a top European league. The national team's best player is forward Wu Lei, who played for three seasons in Spain's La Liga for Espanyol. The club's majority owner in Chinese. The 2026 World Cup will have a field of 48 teams, a big increase on the 32 in 2022, yet China still might not make it. China will be eliminated from qualification if it loses to Indonesia. Even if it wins, China must also beat Bahrain on June 10 to have any hope of advancing to Asia's next qualifying stage. An outsider views Chinese soccer Englishman Rowan Simons has spent almost 40 years in China and gained fame doing television commentary in Chinese on English Premier League matches. He also wrote the 2008 book 'Bamboo Goalposts.' China is benefiting from reforms over the last decade that placed soccer in schools. But Simons argues that soccer culture grows from volunteers, civil society and club organizations, none of which can flourish in China since they are possible challengers to the rule of the Communist Party. 'In China at the age of 12 or 13, when kids go to middle school, it's known as the cliff,' he says. "Parents may allow their kids to play sports when they're younger, but as soon as it comes to middle school the academic pressure is on — things like sport go by the wayside.' To be fair, the Chinese women's team has done better than the men. China finished runner-up in the 1999 Women's World Cup but has faded as European teams have surged with built-in expertise from the men's game. Spain won the 2023 Women's World Cup. China was knocked out early, battered 6-1 by England in group play. China has been successful targeting Olympic sports, some of which are relatively obscure and rely on repetitive training more than creativity. Olympic team sports like soccer offer only one medal. So, like many countries, China focuses on sports with multiple medals. In China's case it's diving, table tennis and weightlifting. 'For young people, there's a single value — testing well,' says Zhang, the commentator and journalist. "China would be OK if playing soccer were only about bouncing the ball 1,000 times." The face of corruption Li Tie, the national team coach for about two years beginning in January 2020, was last year sentenced to 20 years in prison for bribery and match fixing. Other top administrators have also been accused of corruption. The graft also extended to the domestic Super League. Clubs spent millions — maybe billions — on foreign talents backed by many state-owned businesses and, before the collapse of the housing boom, real-estate developers. The poster child was Guangzhou Evergrande. The eight-time Super League champions, once coached by Italian Marcello Lippi, was expelled from the league and disbanded earlier this year, unable to pay off its debts. Zhang says businessmen invested in professional soccer teams as a 'political tribute" and cited Hui Ka-yan. The embattled real estate developer financed the Guangzhou Evergrande Football Club and used soccer to win favor from politicians. Property giant Evergrande has amassed debts reported at $300 billion, reflective of China's battered property segment and the general health of the economy. 'China's failure at the international level and corruption throughout the game, these are all factors that lead parents away from letting their kids get involved,' says Simons, who founded a youth soccer club called China Club Football FC. 'Parents look at what's going on and question if they want their kids to be involved. It's sad and frustrating.' Wade reported from Tokyo and Tang from Washington. ___
Associated Press
6 days ago
- Business
- Associated Press
A soccer mystery: Why mighty China fails at the world's biggest sport
In April, Chinese President Xi Jinping visited a company that makes humanoid robots. There he floated an idea to fix the country's woeful men's soccer team. 'Can we have robots join the team?' Xi was quoted as saying on the website of Zhiyuan Robotics. It might be too late. China will be out of World Cup qualifying if it fails to beat Indonesia on Thursday. Even a victory may only delay the departure. What's the problem? China has 1.4 billion people, the globe's second largest economy and won 40 Olympic gold medals last year in Paris to tie the United States. Why can't it find 11 elite men's soccer players? How soccer explains a bit of China The government touches every aspect of life in China. That top-down control has helped China become the largest manufacturer of everything from electronics to shoes to steel. It has tried to run soccer, but that rigid governance hasn't worked. 'What soccer reflects is the social and political problems of China,' Zhang Feng, a Chinese journalist and commentator, tells The Associated Press. 'It's not a free society. It doesn't have the team-level trust that allows players to pass the ball to each other without worrying.' Zhang argues that politics has stalled soccer's growth. And there's added pressure since Xi's a big fan and has promised to resuscitate the game at home. Soccer is a world language with its 'own grammar,' says Zhang, and China doesn't speak it. 'In China, the more emphasis the leader places on soccer, the more nervous the society gets, the more power the bureaucrats get, and the more corrupt they become,' Zhang adds. Xi Jinping's dream — or nightmare? After China defeated Thailand 2-1 in 2023, Xi joked with Srettha Thavisin, the Thai prime minister at the time. 'I feel luck was a big part of it,' Xi said. The consensus is clear. China has too few quality players at the grass roots, too much political interference from the Communist Party, and there's too much corruption in the local game. Wang Xiaolei, another prominent Chinese commentator, suggests that soccer clashes with China's top-down governance and the emphasis on rote learning. 'What are we best at? Dogma,' Wang wrote in a blog last year. 'But football cannot be dogmatic. What are we worst at? Inspiring ingenuity, and cultivating passion.' Soccer is bigger than China The latest chapter in China's abysmal men's soccer history was a 7-0 loss last year to geopolitical rival Japan. 'The fact that this defeat can happen and people aren't that surprised — despite the historical animosity — just illustrates the problems facing football in China,' says Cameron Wilson, a Scot who has worked in China for 20 years and written extensively about the game there. China has qualified for only one men's World Cup. That was 2002 when it went scoreless and lost all three matches. Soccer's governing body FIFA places China at No. 94 in its rankings — behind war-torn Syria and ahead of No. 95 Benin. For perspective: Iceland is the smallest country to reach the World Cup. Its latest population estimate is almost 400,000. The website Soccerway tracks global football and doesn't show a single Chinese player in a top European league. The national team's best player is forward Wu Lei, who played for three seasons in Spain's La Liga for Espanyol. The club's majority owner in Chinese. The 2026 World Cup will have a field of 48 teams, a big increase on the 32 in 2022, yet China still might not make it. China will be eliminated from qualification if it loses to Indonesia. Even if it wins, China must also beat Bahrain on June 10 to have any hope of advancing to Asia's next qualifying stage. An outsider views Chinese soccer Englishman Rowan Simons has spent almost 40 years in China and gained fame doing television commentary in Chinese on English Premier League matches. He also wrote the 2008 book 'Bamboo Goalposts.' China is benefiting from reforms over the last decade that placed soccer in schools. But Simons argues that soccer culture grows from volunteers, civil society and club organizations, none of which can flourish in China since they are possible challengers to the rule of the Communist Party. 'In China at the age of 12 or 13, when kids go to middle school, it's known as the cliff,' he says. 'Parents may allow their kids to play sports when they're younger, but as soon as it comes to middle school the academic pressure is on — things like sport go by the wayside.' To be fair, the Chinese women's team has done better than the men. China finished runner-up in the 1999 Women's World Cup but has faded as European teams have surged with built-in expertise from the men's game. Spain won the 2023 Women's World Cup. China was knocked out early, battered 6-1 by England in group play. China has been successful targeting Olympic sports, some of which are relatively obscure and rely on repetitive training more than creativity. Olympic team sports like soccer offer only one medal. So, like many countries, China focuses on sports with multiple medals. In China's case it's diving, table tennis and weightlifting. 'For young people, there's a single value — testing well,' says Zhang, the commentator and journalist. 'China would be OK if playing soccer were only about bouncing the ball 1,000 times.' The face of corruption Li Tie, the national team coach for about two years beginning in January 2020, was last year sentenced to 20 years in prison for bribery and match fixing. Other top administrators have also been accused of corruption. The graft also extended to the domestic Super League. Clubs spent millions — maybe billions — on foreign talents backed by many state-owned businesses and, before the collapse of the housing boom, real-estate developers. The poster child was Guangzhou Evergrande. The eight-time Super League champions, once coached by Italian Marcello Lippi, was expelled from the league and disbanded earlier this year, unable to pay off its debts. Zhang says businessmen invested in professional soccer teams as a 'political tribute' and cited Hui Ka-yan. The embattled real estate developer financed the Guangzhou Evergrande Football Club and used soccer to win favor from politicians. Property giant Evergrande has amassed debts reported at $300 billion, reflective of China's battered property segment and the general health of the economy. 'China's failure at the international level and corruption throughout the game, these are all factors that lead parents away from letting their kids get involved,' says Simons, who founded a youth soccer club called China Club Football FC. 'Parents look at what's going on and question if they want their kids to be involved. It's sad and frustrating.' ___ Wade reported from Tokyo and Tang from Washington. ___ AP soccer:
The National
20-05-2025
- Business
- The National
Elon Musk says he will still be Tesla chief executive in five years
Elon Musk said on Tuesday that he is committed to being the chief executive of Tesla Motors for another five years, unless he "dies", while threatening jail time to those who have turned against company over his role in the US government. The world's wealthiest person said his $100 billion pay package, and whatever compensation he may get in the future, is justified and does not affect his intention to remain at the helm of the company, in an online address to delegates at the Qatar Economic Forum in Doha. Mr Musk touted Tesla's sales and financial performance – despite it tanking in recent months – and the "millions" of humanoid robots the company is building. "I think, obviously, there should be compensation for if ... something incredible was done," he said. "I'm confident that whatever some activist posing as a judge in Delaware happens to do will not affect the future compensation," he added, referring to Chancery Court Chancellor Kathaleen McCormick, who struck down Mr Musk's pay package in December when it was worth $56 billion. "I can't be sitting there and wanting to get tossed out for political reasons by activists," he added, while declining to discuss the matter further. Mr Musk has also threatened people who have damaged Tesla stores and sent him death threats, saying that authorities will come after them and they "deserve" to go to jail.
Associated Press
13-05-2025
- Business
- Associated Press
Realbotix to Showcase AI-Powered Customer Service Robots
LAS VEGAS--(BUSINESS WIRE)--May 13, 2025-- Realbotix Corp. (TSX-V: XBOT) (Frankfurt: 76M0.F) (OTC: XBOTF) (' Realbotix ' or the 'Company'), a leader in AI-powered humanoid robotics, is pleased to announce a new collaboration with Tix4 Inc and The collaboration will deploy a Realbotix robot, running 's concierge and ticketing AI, as a Tix4 sales representative. This robotic customer service representative will be showcased live at The Venetian Resort, Las Vegas, from May 27th to 29th. 'This pilot is an important step in validating humanoid robots as frontline customer service agents,' said Andrew Kiguel, CEO of Realbotix. 'Using a robot as a customer service agent will drive foot traffic to Tix4's booth, drive social coverage of the brand, and offer customers a more engaging way to discover and purchase event tickets.' The activation will take place at a Tix4 booth at a conference being held at The Venetian Resort, Las Vegas. The Realbotix robot will be powered with conversational AI developed by and tailored for the Las Vegas entertainment market. The AI will enable natural, two-way conversations and assist customers with real-time information about shows, venues and ticket options. 'If you're looking to buy tickets for Las Vegas shows, Tix4 offers the best inventory and deals in the city. By combining this inventory with great locations and leveraging robots and AI, Tix4 aims to revolutionize the Las Vegas ticketing industry,' said Andrew Shack, CEO of Tix4. Unlike static kiosks or scripted bots, Realbotix robots deliver real-time dynamic, humanlike engagement. The pilot demonstrates how humanoid robots can perform in live, high-traffic settings while offering both accuracy and personality. Through this collaboration, Tix4 is able to extend its brand presence and guest support with a next-generation AI ticketing interface designed by 'At we believe the next leap in robotics lies in true embodied AI – systems that don't just process data, but perceive, reason, and act with agility in complex, unstructured human environments.' said Rex Wong, CEO of 'By integrating advanced conversational AI capabilities with Realbotix's human-like robots and deploying it with Tix4 to service customers, we are bringing this vision to life. We're moving beyond pre-programmed robots to creating intelligent robotic agents that can dynamically interact and engage with people in a real world setting.' Conference attendees are invited to visit the Tix4 booth for a live demonstration. Brands and businesses interested in partnering with Realbotix can contact [email protected]. Manufactured in the United States, Realbotix specializes in realistic, customizable robots built for entertainment, customer service, and personal well-being. Our patented AI and robotics technologies enable lifelike expression, motion, and social engagement, making us a category leader in the rapidly evolving field of human-centric robotics. Product site Corporate and Investor site Keep up-to-date on Realbotix developments by joining our online communities on Twitter, LinkedIn, and YouTube. Follow Aria, our humanoid robot, on Instagram and TikTok. For more information or to purchase tickets, visit Forward-Looking Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in our securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View source version on CONTACT: Andrew Kiguel, CEO Email:[email protected] Jennifer Karkula, Head of Communications Email:[email protected] [email protected] [email protected] Telephone: 647-578-7490 Company contact:[email protected] Media Contact:[email protected] KEYWORD: UNITED STATES NORTH AMERICA CANADA NEVADA INDUSTRY KEYWORD: ROBOTICS RETAIL TECHNOLOGY OTHER RETAIL SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: Realbotix Corp. Copyright Business Wire 2025. PUB: 05/13/2025 07:30 AM/DISC: 05/13/2025 07:31 AM
