Chinese humanoid robot maker Linkerbot is seeking investment at a $6 billion valuation, double the level it raised money at only last week, highlighting investor appetite to enter the fast-growing industry.
Beijing has made dominating the humanoid robot sector a national priority, committing almost $140 billion in state venture capital funds to back it and other high-tech industries.
Though some analysts question the commercial viability of humanoid robotics, investors remain bullish.
Meanwhile, some experts say China’s second-tier position in AI development compared to the West may lead to a globally bifurcated ecosystem: “China may reach hardware scale and early cost compression,” but US and European dominance in AI could lead to greater deployments there, consultancy McKinsey said.
