The Worlds First Humonoid Robot

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Here's what we've got in store for you today:

 📰 Why the AI Skeptics are Wrong

🦾 World's First General Purpose Humanoid Robot 

🎥  Videos Of The Day

🛠 Tools Of The Day

What the skeptics aren't telling you about AI – and why they're wrong!

As you navigate the world of investing and exploring new technologies, you're bound to encounter naysayers and skeptics. Even your friends and family will be among them. And to some extent, that's healthy – after all, there have been plenty of high-profile cases of hype cycles and scams in recent years, from Enron to Madoff to Fried.

Not to mention NFT’s grifting gurus and influencers getting caught lying or busted for fraud etc. 

Despite these risks, I remain a believer in things like crypto and AI. But I always caution people to invest only what they can afford to lose, and to be wary of videos and online claims that seem too good to be true.

That being said, I also believe that it's important not to close yourself off entirely to new opportunities. For the past few months, I've been trying to educate people about the potential impact of AI, but there are still some who haven't heard of or used ChatGPT or other AI products, or those who dismiss it as a fad.

While I do see a bubble forming in the industry, it's worth remembering that venture capital firms don't always have to be right – they just need to get a few "big" investments right to make up for the losses. Just look at Peter Thiel's initial $500,000 investment in Facebook, which reportedly returned $1 billion in just 8 years. The dotcom crash was real but the internet survived and is clearly doing well. 

So will go AI, except at a much faster pace. 

Of course, not every investment will be a home run, and there is always risk involved. If you hear someone say it’s risk free, don’t walk, run away. Investing is nothing more than an educated guess. The more education you have, the bigger you can guess. And with the impressive advancements being made in compression and computing power, as well as real-time rendering, it's clear that AI is becoming increasingly integrated into our lives and society.

I've been following AI advancements since 2017 and using GPT3 products since 2021. I've seen firsthand the potential for tools like ChatGPT and other machine learning, deep learning, and large language models can do. While it's not perfect and can make mistakes, it's being integrated into everything from slide presentations to digital art, and it's only going to become more ubiquitous in the coming years.

If you're not already using these tools, I encourage you to start exploring them and staying up to date on the latest advancements. 

Figure Unveils "World's First General-Purpose Humanoid Robot"

Figure, a robotics startup founded by Brett Adcock, has announced the launch of their latest innovation: a humanoid robot named Figure 01. The company claims that this is the "world's first commercially viable general-purpose humanoid robot" and it's designed to think, learn, and interact with its surroundings. With a slim form factor, fully electric, and standing 1.6 meters tall, the robot weighs 60 kilograms with a 20 kg payload and runs for 5 hours on a charge. In this article, we will take a closer look at this groundbreaking announcement.

The Team behind the Robot

Figure's team of engineers is made up of experts from institutions such as IHMC, Boston Dynamics, Tesla, Waymo, and Google X. Led by Jerry Pratt, who has over 20 years of experience at the Florida Institute for Human and Machine Cognition, the team has collectively built 12 major humanoid robots. With their expertise and experience, they aim to build a robot with solid engineering that will provide real-world applications.

The Design Philosophy of Figure

The design philosophy of Figure is to focus on real-world applications and not push the limits of pure performance. They believe that building a humanoid robot with legs is essential as it will enable the robot to be productive in a cramped workspace or walk safely through a crowded warehouse. The added complexity of legs needs to be justified, and Figure believes that building a humanoid robot will enable it to generalize, allowing for more applications.

Applications of the Robot

Figure's humanoid robot has been designed primarily for deployment into the workforce to address labor shortages. The entry point for the robot is in warehouses where there are no customers around, and autonomous mobile robots (AMRs) and collaborative robots (cobots) are already working around humans. If Figure can get one application that's big enough and deploy enough robots, they can add new software as they go to do more things and over time manufacture high volumes to make the robot affordable.

Challenges Ahead

The development of a commercially viable general-purpose humanoid robot will require significant advancements in technology. Figure will need to design a fully electromechanical humanoid, including hands, with the physical capabilities of a nonexpert human. They aim to reduce the individual humanoid unit costs through high-rate volume manufacturing and be able to interact with humans safely. Additionally, they foresee needing to deliver a high-quality product at an exceptionally high volume, which would require preparing for design for manufacturing, system safety, reliability, quality, and other production planning.

Conclusion

Figure's announcement of the world's first commercially viable general-purpose humanoid robot is a significant step forward in the robotics industry. With a team of robotics experts and an ambitious plan, Figure aims to deliver a high-quality product that will address labor shortages. However, it remains to be seen whether they can deliver on their promises. The success of the venture is dependent on significant advancements in technology and the ability to deliver a high-quality product at an affordable cost. We look forward to seeing the actual hardware and the robot's first steps in the coming months.

Source: https://spectrum.ieee.org/figure-humanoid-robot

📼 Videos Of The Day 📼

🛠 Tools Of The Day 🛠

Pallette.FM - Colorize anything from old black and white photos , style your artworks , or give modern images a fresh look .

Mubert AI - Music made by AI has no boundaries. Millions of samples from. hundreds of artists feed into Mubert, and the AI takes it from there.

Podsqueeze -Summarize the main topics covered in your episode and make it more searchable

TubeTLDR - Summarize Youtube with GPT

SnapGPT - Are you tired of typing out long pieces of text from images or documents? Look no further! With SnapGPT, you can simply take a photo and let the app do the rest.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.