Robotics adds 'significant boost' to labor force: RoboForce CEO
At the Consumer Electronics Show (CES), Nvidia (NVDA) CEO Jensen Huang highlighted the future of robotics, stating that the "ChatGPT moment" for robotics is near. Leo Ma, founder a CEO of RoboForce, joins Madison Mills and Seana Smith on Catalysts to discuss the role of computational power and accessibility in accelerating robotics. Ma shares Huang's sentiment on the future of robotics and explains what the timeline for robotics looks like. "We are building the most tedious force demanding, dangerous work that shouldn't have to be human to do that. Using robo labor to do so, it will take about five to 10 years," Ma says. "I would say, in the coming two to three [years], we'll see a significant go to market, and then three to five years that there will be a breakthrough." He also highlights that robotics will "boost the economy" in its ability to revolutionize industries and reshape the future of work. For example, humanoid robots are expected to transform high-risk industries, like mining and solar farms. "A wide range of application is suffering from lacking of the workers that are willing to go to that condition to work," Ma explains. "By delivering robo labor, that is creating a significant boost for that part as the labor force factor." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch
