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Goldman Sachs' research throws cold water on the situation: the turning point for humanoid robot technology remains unclear, and meaningful applications will take at least another five years!
Goldman Sachs believes that the humanoid robot H1 has only 19 degrees of freedom, making it still unable to handle complex and detailed tasks. At least in the next 2-3 years, it will be difficult for humanoid robots to achieve the same work efficiency as human workers. Meaningful applications are not expected for another 5-10 years.
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Morgan Stanley: Manufacturing is Tesla's moat.
Morgan Stanley believes that in the physical AI competition, "data defines Software, Software defines Hardware, Hardware defines manufacturing, and manufacturing is the moat." Agentic robots cannot be produced just anywhere, especially against the backdrop of the continuous decline in USA manufacturing over the past 80 years, making Tesla's manufacturing advantage particularly valuable.