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ABC News
a day ago
- Business
- ABC News
Fixing the big economic challenges
The federal government's received nearly 900 submissions from experts, industry leaders and individuals ahead of the Economic Reform Roundtable.
Associated Press
19-06-2025
- Business
- Associated Press
Embodied AI and Humanoid Robot Market Research 2024-2025: Product Technology Outlook and Supply Chain Analysis
DUBLIN--(BUSINESS WIRE)--Jun 19, 2025-- The 'Embodied AI and Humanoid Robot Market Research 2024-2025: Product Technology Outlook and Supply Chain Analysis' has been added to offering. In 2025, the global humanoid robot industry is poised at a pivotal juncture-transitioning from technological validation to scenario-based immersion. The estimated market potential across various applications including industry, service, special, and family, is projected to exceed tens of trillions of yuan. Despite this high potential, the market confronts three significant bottlenecks: unresolved cost structures, generational intelligence gaps, and insufficient data supply. The sector's leading enterprises in China and the US are innovating technical pathways and product matrices to address these challenges. These leaders are moving towards next-generation cost-effective products and evolving their competitiveness in the market. Trend 1: Technological Iterations in the Humanoid Robot Market Humanoid robot development has progressed through three key phases: the initial exploration stage, the technology accumulation stage, and the current era of AI foundation model reconstruction. From early mechanical skeletons to advanced AI-driven decision-making, the industry has significantly bridged the gap between human and machine cognition. The initial exploration stage (late 1960s-1990s) laid the groundwork with dynamic walking theories. The technology accumulation stage (early 2000s-2022) integrated sensors and intelligent control, setting the stage for complex interactions with the physical world, as demonstrated by innovations like Boston Dynamics' Atlas. Since 2022, the industry has been revolutionized by AI foundation models such as OpenAI's GPT-4. Companies like Tesla are leveraging these advancements to enhance semantic understanding, task decomposition, and decision-making accuracy, significantly reducing reliance on manual programming. Trend 2: Diverse Players and Strategic Dynamics The industry comprises veteran robot companies, native robot firms, automotive OEMs, and startups, each tackling industrialization challenges. These entities are advancing through sports, scenarios, manufacturing, and AI integration. Together, they are navigating the '0-1" inflection point, aiming to unlock a trillion-yuan market opportunity. Trend 3: Leaders in Full Body Freedom ROBOTERA STAR1 and Xpeng Iron lead the field in flexibility and load capabilities. Notable players like Unitree Robotics and Yuanzheng display varied degrees of freedom and torque capabilities, catering to tasks of differing complexity and demand. Trend 4: Evolution of Battery Range Most humanoid robots currently operate for around two hours, a limitation linked to battery energy density. Innovations in structural design and battery technology have enabled some models to extend this range, paving the way for broader application scenarios. Long-term improvements in battery technology, such as solid-state batteries, are expected to bolster energy capacity, crucial for industrial settings demanding extended operational hours. Trend 5: AI Integration and Optimus Evolution Tesla Optimus exemplifies advancements in AI autonomy with features like lightweight design and multidimensional perception. Enhanced actuator configurations and motion algorithms enable Optimus to perform tasks mirroring human agility. Trend 6: Mass Production and Home Scenario Focus 2025 marks the onset of mass production focusing on industrial scenarios. Humanoid robots are poised to tackle unstructured environments, particularly in domestic settings, driven by a burgeoning demand for interactive home ecosystems. Despite the challenging requirements of these environments, significant technological advancements are anticipated in the coming decade. Overall, the humanoid robot industry is rapidly advancing toward more sophisticated, adaptable, and efficient systems capable of transforming various societal facets. Key Topics Covered: 1 Industry Overview: EAI Drives Humanoid Robot Industry Transformation National Humanoid Robot Policies/Plans (2021-2024) Overview of EAI and Humanoid Robot Market Introduction to EAI and Humanoid Robots Driving Forces for EAI and Humanoid Robots EAI and Humanoid Robot Industry Development Trends 2 Humanoid Robot Supply Chain Overview of EAI and Humanoid Robot Supply Chain Tesla Optimus as an EXAMPLE: COST BREAKDown of Core Humanoid Robot Components 3 Representative Humanoid Robot Companies Unitree Robotics UBTECH Leju Robotics Apptronik Agility Robotics Figure AI LimX Dynamics Galbot Beijing ROBOTERA 4 Strategic Layout, Products and Cost Structure of Humanoid Robot Companies Strategic Planning of Typical Humanoid Robot Companies Product Planning of Typical Humanoid Robot Companies 5 Challenges and Development Trends of Large-scale Application Scenarios Large-scale Technology Application, Cost and Market Challenges Humanoid Robot Development Trends Companies Featured Unitree Robotics UBTECH Leju Robotics Apptronik Agility Robotics AgiBot Figure AI LimX Dynamics Galbot Beijing ROBOTERA Tesla Optimus Xpeng IRON Xiaomi CyberOne GAC GoMate Chery Mornine Toyota Hyundai Boston Dynamics NVIDIA DeepMind Huawei For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: TECHNOLOGY ROBOTICS ARTIFICIAL INTELLIGENCE SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 06/19/2025 08:13 AM/DISC: 06/19/2025 08:13 AM
Mail & Guardian
13-06-2025
- Business
- Mail & Guardian
Cutting unemployment rate needs a national, coordinated effort
Universities and businesses need to close the gap between the skills being taught and those that employers need. As we head into the second half of the academic year, a year that has been marked by several student protests related to problems with accommodation and registration, it is also impossible to ignore the shadow cast by South Africa's persistently high unemployment rate — an issue that demands urgent attention from all sectors of society, including higher education institutions. In 2024, the country recorded the My fellow university vice-chancellors and I might be tempted to find solace in the lower unemployment rate for university graduates ( We must also play our part by constantly asking ourselves the same urgent question that should be keeping government and industry leaders awake at night: 'What can and should we be doing to help create employment and a better life for all South African and global citizens?' Feedback from industry leaders Around the world, there are growing calls for universities to close the gap between the skills being taught to graduates and those that employers need. Solutions must come from a collaborative effort involving higher education institutions, the private sector, professional bodies and the government. Based on my work with other university leaders and their teams, there is already widespread awareness of the need for our universities to continually enhance their graduate employability initiatives and the programmes that help students transition into workplaces. But the urgency of the situation demands that we constantly improve our efforts. We need to pay attention to feedback from the job market that the skills and graduates we are producing are not always aligned with industry requirements. To offer an example, South Africa produces a high number of lawyers across all universities. While the demand for legal eagles is unlikely to decline soon, to ensure sufficient opportunities for our graduates, curricula must by now include rapidly evolving areas such as data literacy, digital law, cyber law and global regulations. Most universities include private sector representatives and industry professionals on faculty advisory boards to ensure curricula align with real-world requirements. Still, we need regular interrogation of the feedback channels employed, the speed with which feedback received can be implemented, and a general commitment to 'always be doing better' by our graduates and our country. Micro-credentialing and online study One area where South African universities and other public institutions have been relatively quiet is micro-credentialing — courses which are generally much shorter than a bachelor's degree and which are aimed at teaching a particular skill. As universities continue to adjust to the effect of the Covid-19 pandemic and the rapid upscaling of online education platforms, one beneficial side effect has been the proliferation of ways in which South Africans can gain access to education. Young people who didn't get into their institution of choice, people living far away from cities, older people juggling work and family commitments — all of them now have access to more online opportunities to learn. As the proliferation of micro-credentialing courses continues, the challenge for universities and their leaders will be to create offerings that help our students in the job market, and help employers meet their goals. It is also important for us to remember that our universities and graduates now face escalating competition from institutions worldwide. Adapting too slowly to a rapidly digitalising world will be to the detriment of the higher education sector, our graduates, and their employment prospects. Entrepreneurship, as we know, is a cornerstone of employment. Universities must promote entrepreneurial thinking and skills across all programmes to prepare greater numbers of graduates to start and grow their own businesses, or to use these skills in the organisations where they are employed. This 'think like an entrepreneur, everywhere' mindset has largely taken hold at most South African universities, which have over the past 20 years introduced programmes to provide our students with an introduction to the basics of entrepreneurship, regardless of their field of study. But universities can't do this alone. I must call on employers — whether you're a captain of a billion-rand industry, the owner of a small business that's growing and might just be able to provide a young person with a footing in your industry, or the director general in a government department — to join with higher education institutions to discuss internship opportunities to help more of our young graduates. Universities must also 'push our students out of the academic nest' by encouraging (or requiring) them to get out into the communities surrounding their campuses. Most universities already run community service modules that see our students applying what they're learning in classrooms to real-world problems. In turn they gain practical experience, and a more rounded understanding of what life is like for people of various economic and cultural backgrounds. Creating greater understanding and empathy while improving our students' practical skills is a win-win that will stand our country and world in good stead as the global scramble for resources intensifies, and the need to be gracious towards each other grows. South Africans have repeatedly shown that we are at our best when confronted with a big problem. Our university students and their passion for knowledge and commitment to creating positive change will hopefully inspire you as they continue to inspire me. In turn, we must not fail them. We must all do whatever we can within our sphere of influence to create employment for our future leaders. is the chairperson of the Universities South Africa (USAf) board and vice-chancellor and principal of the University of Pretoria.
Skift
03-06-2025
- Business
- Skift
New Report: 10 Insights From Skift's Data + AI Summit 2025
At Skift's Data + AI Summit in New York in June 2025, industry leaders, technologists, and strategists will come together to discuss how data and artificial intelligence are shaping the next chapter of travel. As the industry shifts from reactive to predictive decision-making, the summit will explore how companies are leveraging intelligent tools to personalize customer journeys and discover new revenue streams. The event will be packed with conversations on the challenges and breakthroughs emerging at the intersection of AI and travel, and how intelligent systems are becoming the core engine behind smarter, faster, and more responsive travel brands. In this report, Skift partnered with Phunware to compile key insights, memorable moments, and key takeaways from the day's sessions for a view of where travel is headed and how data and intelligence are powering the journey. Topics to Be Covered in this Report: How are travel brands using AI to personalize the customer journey in real time? How can predictive analytics drive more intelligent pricing and forecasting? What does building an in-house AI capability look like for a global travel brand? How are industry leaders aligning tech strategy with guest expectations in an AI-driven world? What lessons can travel companies learn from data-led organizations outside the industry? How can marketers use AI without compromising creativity or human insight? What are the risks and rewards of applying generative AI across different parts of the travel business? How do hospitality companies maintain a sense of authenticity and trust while deploying automation? How is AI shaping the future of workforce productivity and team dynamics? What does responsible and ethical AI use look like in the travel sector today?
Globe and Mail
28-05-2025
- Business
- Globe and Mail
AI Innovations for Future-Ready Business Leaders
Event summary produced by The Globe and Mail Events team. The Globe's editorial department was not involved. AI is reshaping industries at an unprecedented pace, presenting organizations with both transformative opportunities and complex challenges. To stay ahead, business leaders and experts are seeking actionable insights on driving innovation, optimizing efficiency, and overcoming the hurdles of AI adoption. Success in this evolving landscape hinges on addressing critical factors such as regulatory compliance, ethical considerations, and seamless integration strategies—ensuring organizations unlock AI's full potential while mitigating risks. On Wednesday, May 21st, The Globe and Mail hosted a half-day hybrid event dedicated to exploring the most effective AI strategies in practice today. Through insightful discussions, industry leaders emphasized the importance of governance and safeguards while offering a forward-looking perspective on emerging innovations set to shape the future. Panelists and speakers shared groundbreaking solutions to help businesses maintain a competitive edge, providing strategies to enhance IT frameworks and maximize AI-driven investments. The event also spotlighted key themes such as data management and operational optimization, with thought-provoking conversations on harnessing AI for smarter decision-making and streamlined workflow efficiency. Missed the live event or would like to view it again? Scroll down to the video below. Speakers: The Globe and Mail presented the event with sponsor support from NOVIPRO Group. To learn about upcoming Globe and Mail events visit
