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Musk predicts 1 billion humanoid robots within a decade, $30 trillion AI boost to global economy - RobotHOT

Musk predicts 1 billion humanoid robots within a decade, $30 trillion AI boost to global economy

Elon Musk, chief executive of Tesla and SpaceX, predicted on Tuesday that artificial intelligence could expand the global economy by 20% to 30%, generating up to $30 trillion in annual economic output, while forecasting that at least 1 billion humanoid robots would emerge within the next decade. “The productivity gains from AI are already evident, and robotics will take that to a completely new level,” Musk said via video link at the G20 summit in Asheville, North Carolina. “To put this in perspective, I think AI could increase the size of the global economy by 20% to 30% – that’s a rough estimate – which means roughly $20 trillion to $30 trillion per year in additional output”. Musk expressed his...

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  • China Telecom's TeleAI incubates embodied AI startup Gamma Robotics

    China Telecom's Artificial Intelligence Research Institute (TeleAI) has incubated Gamma Robotics, an embodied AI company that has recently registered in Shanghai's Xuhui district and moved into Mosu Space, according to company information. Gamma Robotics is an independent market-oriented entity invested by China Telecom Group and incubated by TeleAI. It will co-build a humanoid robot laboratory with TeleAI.

  • MIRACLE AUTOMATION's Jiangsu robot data center amasses PB-scale embodied AI data

    MIRACLE AUTOMATION, the automotive equipment maker operating the Jiangsu Province Embodied Intelligent Robot Industrial Data Collection and Training Center, has accumulated nearly 20,000 hours and PB-scale multimodal embodied AI data, the company said. The center has built 36 first-level application scenarios and 163 second-level segmented data-collection scenarios. MIRACLE AUTOMATION is seeking to translate its long-standing production-line experience into data and technology capabilities that can support the industrial deployment of embodied AI.

  • Shenzhen's YITA DYNAMICS raises over 100 mln yuan in seed funding

    Shenzhen-based embodied intelligence operation platform and power system company YITA DYNAMICS said it has completed seed and seed-plus funding rounds totaling more than 100 million yuan ($14 million). The rounds were jointly invested by Matrix Partners China, SenseTime Guoxiang Capital, CCB International, L2F Light Source Entrepreneur Fund, Galbot and Fourier Intelligence. Founded in May 2026, YITA DYNAMICS is focused on building underlying infrastructure for embodied intelligence hardware and has developed compliant force-controlled dual arms and high-performance joint modules.

  • Robot Warriors Challenge held in Beijing E-Town with 29 teams competing

    The autumn edition of the 2026 Robot Warriors Challenge was held on Oct. 18 at the Nanhaizi Park waterfront plaza in the Beijing Economic-Technological Development Area, also known as Beijing E-Town, with 29 teams from across China taking part. As an independent event IP created by Beijing E-Town, the competition aims to push robots beyond running and jumping demonstrations toward real-world operational tasks. MirrorMe Technology, GENISOM AI Milk Long Team B, Xingyuan Dynamics Team A and AK Brothers Team B won their respective categories.

  • AGIBOT, Wuhan partners launch humanoid robot smart retail warehouse

    AGIBOT has partnered with Wuhan Culture and Tourism Group and Zhongyun Weixun to build the world's first smart retail warehouse operated by full-size bipedal humanoid robots. Its Expedition A3 Ultra robot has begun offering self-service retail services at Jiangyushang on the Wuhan riverside. The project has completed 827 orders in its phase to date, with a robot grasping success rate of more than 97%.

  • Tesla's third-generation Optimus robot ready for mass production

    Tesla's third-generation Optimus humanoid robot is ready for mass production, refocusing market attention on the sector. Artificial intelligence is moving from the digital world into physical space, with humanoid robots viewed as one of the most important embodiments of physical AI.

  • China launches National Data Group in Xiong'an to boost data sector

    China established National Data Group Co., Ltd. in Xiong'an New Area, Hebei province, on Oct. 20. The group is a central state-owned enterprise whose main responsibility is the development and utilization of data resources, with headquarters in Xiong'an. The group was set up to advance data resource development and utilization, unlock the value of data elements, support artificial intelligence development and foster the data industry ecosystem, according to the company. After its establishment, it will strengthen central-local coordination and industrial collaboration under the guidance of relevant authorities, promote shared capabilities, experience and business expansion, and work to grow data value, strengthen the data industry and improve the data ecosystem.

  • Galileo's E1 quadruped robot wins gold at 2026 Canton Fair design awards

    Galileo (Tianjin) Technology Co., Ltd.'s E1 series intelligent bionic quadruped robot has won a gold award at the 2026 Canton Fair Design Innovation Award (CF Award). The E1 series is fully self-developed by Galileo, with its complete machine structure, integrated servo joints and bionic gait and posture control algorithms 100% independently controllable. It holds more than 300 independent intellectual property rights. Equipped with all-terrain adaptive posture adjustment and force-sensing technology, the robot can autonomously identify unstructured complex terrain such as stairs, ramps and rubble. It is designed for applications including petrochemicals, power operation and maintenance, rail transit, emergency rescue and security patrol inspection.
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