Latest / The SME Stream / Sam Dickie: Fisher Funds expert on the growing market interest in humanoids

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Sam Dickie: Fisher Funds expert on the growing market interest in humanoids · The SME Stream

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  Speaker 1: Here the duplessy Ellen Right, Well, there's been an increasing
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  Speaker 1: amount of chatter in the market about humanoids, and absolutely
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  Speaker 1: I can hear you asking what on earth are humanoids
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  Speaker 1: because I've been asking about that's the very same question
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  Speaker 1: myself and Sam Dicky from Fisher Funds fortunately does know.
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  Speaker 1: Hey Sam, everyone, then what is a humanoid?
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  Speaker 2: Yes, very jets and I don't know if you remember
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  Speaker 2: that program, but think of the human looking robots on
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  Speaker 2: that So their robot looks similar to a human, has
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  Speaker 2: human characteristics, for example, the ability to walk upright to
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  Speaker 2: grasp things with its fingers, and the humanoid is designed
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  Speaker 2: to kind of copy human actions and even human reasoning.
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  Speaker 1: Why do we need these things.
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  Speaker 2: As well? I guess what's the background here? The first
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  Speaker 2: real worldlots are invented in the nineteen fifties and they
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  Speaker 2: were more mechanical than intelligent and money for the repetitive
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  Speaker 2: tasks and factories. And over the last seventy years these
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  Speaker 2: things have evolved pretty quickly. And just give you a
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  Speaker 2: factory where we're up to now, you might have heard
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  Speaker 2: of their humanoids. So for year and twenty seventeen, a
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  Speaker 2: very very human looking humanoid that was granted citizenship by
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  Speaker 2: Saudi Arabia in twenty seventeen. Oh bit of a publicity
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  Speaker 2: stunt point, as though robots have come a very very
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  Speaker 2: long way, and most for most of the last seven years,
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  Speaker 2: they learn very gradually, but in the generative AI world,
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  Speaker 2: they can now learn by understanding every day language, copy
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  Speaker 2: what they see and looing curves and performed accuracy is
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  Speaker 2: paying to jump or path perform the accuracy starting to
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  Speaker 2: jump faster than ever before. So pretty exciting times. And
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  Speaker 2: the reason they take a human shape because because most
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  Speaker 2: of the four million robots and operations today don't look
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  Speaker 2: anything like you or I is because the world is
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  Speaker 2: created for humans, So I think of buttons, levers, controllers
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  Speaker 2: designed to be operated by humans. So human dexterity in
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  Speaker 2: human hands and fingers are required to operate efficiently in
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  Speaker 2: this world of ours.
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  Speaker 1: Right, So what if the robot is in the shape
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  Speaker 1: of a human, therefore they will be able to use
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  Speaker 1: the world as well? Is that the thinking?
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  Speaker 2: That's the thinking? Yet? Right?
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  Speaker 1: Okay? Why all of a sudden have they popped up
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  Speaker 1: as being something that we're interested in?
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  Speaker 2: Yeah, while we talking about them right now. As always
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  Speaker 2: with these things, it's the confluence of simple things coming
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  Speaker 2: together at once. So if humanoids, the first thing is
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  Speaker 2: improvements in the parts that make the move called actuators,
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  Speaker 2: which turn energy into movement. They've made leaps and bounds.
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  Speaker 2: Improvements in the gears that help them move smoothing, not clunkily.
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  Speaker 2: That's come a long way. Improvements and prosthetics or artificial
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  Speaker 2: limbs have come a long way. And of course the
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  Speaker 2: huge leaps in compute power that you and I have
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  Speaker 2: talked a lot about have created a platform for more
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  Speaker 2: explosive growth. So that's the first thing. The second thing
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  Speaker 2: is the competition to build these things is ramping up
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  Speaker 2: through so a lot more companies are putting a lot
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  Speaker 2: more money into it. So he's like Toyota Hands and Robotics,
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  Speaker 2: Boss Dynamics are in the race, but of course Tesla's
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  Speaker 2: in there as well. And Elon Musk thinks there will
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  Speaker 2: be one billion of these things by twenty forty.
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  Speaker 1: Wow, Okay, if we do have many, Even if we
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  Speaker 1: don't have that many, what impact are they going to
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  Speaker 1: have on society and economies and labor.
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  Speaker 2: Quite a bat, I think. So there's only four million
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  Speaker 2: operation today, but they're kind of mechanic alarms, operating, operating
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  Speaker 2: in factories. But the thing is, the need for humanoids
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  Speaker 2: is becoming more acute. So the working age population and
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  Speaker 2: just China and the OECD or the Western world for example,
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  Speaker 2: is shrinking. So it's around one point eight billion today
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  Speaker 2: and by twenty fifty that will be three hundred million
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  Speaker 2: people smaller. And not only will it shrink, but mainly
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  Speaker 2: one point five billion people were much older. So we
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  Speaker 2: do need these things. And of course it's unsettling to
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  Speaker 2: think about these things taking over so many jobs, but
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  Speaker 2: the reality is the shift is going to take decades,
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  Speaker 2: not years, and it's better to be prepared and better
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  Speaker 2: informed rather than hopeing it doesn't happen again.
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  Speaker 1: So is it a case of investors just kind of
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  Speaker 1: getting ahead of it before it actually takes off completely.
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  Speaker 2: Well, I mean maybe not so much, because it's very
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  Speaker 2: bleeding edge. It's a very early stage investment thematic, so
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  Speaker 2: it should be treated with caution. However, it's one to
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  Speaker 2: definitely keep on the radar and keep an eye out
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  Speaker 2: for so over the next year or so, there's a
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  Speaker 2: few big things that are going to happen, so we're
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  Speaker 2: going to have the unvoting of tess Optimus Generation three humanoid,
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  Speaker 2: which will operate more outside of the factory, even in
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  Speaker 2: the home, and more details on Figure AIS humanoid figure
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  Speaker 2: out two which has just been released, but it is
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  Speaker 2: early days. These things costs. These things cost fifty two,
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  Speaker 2: one hundred and fifty thousand dollars that they are a
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  Speaker 2: long way away from commercial scale, but I think it's
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  Speaker 2: a kind of bleeding edge thematic to keep an eye on.
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  Speaker 1: Yeah, how fascinating, Sam, Thank you very much, really appreciate that.
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  Speaker 1: As Sam de Key forsher funds humanoids, who knew