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Speaker 1: Here the dupless Ellen. Right.

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Speaker 2: Well, there's been an increasing amount of chatter in the

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Speaker 2: market about humanoids, and absolutely I can hear you asking

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Speaker 2: what on earth are humanoids, because I've been asking about

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Speaker 2: the very same question myself and Sam Dicky from Fisher

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Speaker 2: Funds fortunately does know. Hey Sam, everyone, then what is

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Speaker 2: a humanoid?

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Speaker 1: Yes, very jets and I don't know if you remember

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Speaker 1: that program, but think of the human looking robots on

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Speaker 1: that So the robot looks similar to a human, has

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Speaker 1: human characteristics, for example, the ability to walk up right

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Speaker 1: to grasp things with its fingers, and the humanoid is

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Speaker 1: designed to kind of copy human actions and even human reasoning.

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Speaker 2: Why do we need these things.

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Speaker 1: As well? I guess what's the background here? The first

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Speaker 1: real robots are invented in the nineteen fifties, and they

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Speaker 1: were more mechanical than intelligent and money for the repetitive

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Speaker 1: tasks and factories. And over the last seventy years these

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Speaker 1: things have evolved pretty quickly. And just give you a

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Speaker 1: factory where we're up to now. You might have heard

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Speaker 1: of their humanoids, so fear and twenty seventeen a very

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Speaker 1: very human looking humanoid that was granted citizenship by Saudi

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Speaker 1: Arabia in twenty seventeen. Oh now, a bit of a

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Speaker 1: publicity stunt point, as though robots have come a very

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Speaker 1: very long way, and most for most of the last

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Speaker 1: seven years they learn very gradually. But in the generative

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Speaker 1: AI world, they can now learn by understanding every day

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Speaker 1: language company what they see and looing curves and performed

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Speaker 1: accuracy is paying to jump or pass performace accuracy started

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Speaker 1: to jump faster than ever before, so pretty exciting times.

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Speaker 1: And the reason they take a human shape because because

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Speaker 1: most of the four million robots and operations today don't

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Speaker 1: look anything like you or I is because the world

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Speaker 1: is created for humans. So if they could button levers

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Speaker 1: controllers designed to be operated by humans, so human dexterity

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Speaker 1: and human hands and fingers are required to operate efficiently

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Speaker 1: in this world of ours, right, So.

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Speaker 2: What if the robot is in the shape of a human,

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Speaker 2: therefore they will be able to use the world as well.

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Speaker 2: That the thinking.

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Speaker 1: That's the thinking.

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Speaker 2: Yet right, Okay, why all of a sudden have they

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Speaker 2: popped up as being something that we're interested in?

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Speaker 1: Yeah, while we talking about them right now. As always

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Speaker 1: with these things, it's the confluence of several things coming

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Speaker 1: together at once. So for humanoids, the first thing is

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Speaker 1: improvements in the parts that make the move called actuators,

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Speaker 1: which turn energy into movement. They've made leaps and bounds.

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Speaker 1: Improvements in the gears that help them move smoothly not clinkily.

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Speaker 1: That's come a long way. Improvements and prosthetics or artificial

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Speaker 1: limbs have come a long way. And of course the

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Speaker 1: huge leaps in compute power that you and I have

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Speaker 1: talked a lot about have created a platform for more

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Speaker 1: explosive growth. So that's the first thing. The second thing

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Speaker 1: is the competition to build these things is ramping up too,

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Speaker 1: so a lot more companies, they're putting a lot more

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Speaker 1: money into it. So where he's like Toyota Hands and Robotics,

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Speaker 1: Boss Dynamics are in the race, but of course Tesla's

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Speaker 1: in there as well. And Elon Mask thinks there will

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Speaker 1: be one billion of these things by twenty forty.

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Speaker 2: Wow, Okay, if we do have mening, even if we

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Speaker 2: don't have that many, what impact are they going to

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Speaker 2: have on society and economies and labor.

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Speaker 1: Quite a bat, I think. So there's only four million

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Speaker 1: that operation today, but they're kind of mechanic alarms operating

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Speaker 1: in factories. But the thing is, the need for humanoids

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Speaker 1: is becoming more acute. So the working age population and

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Speaker 1: just China and the OECD or the Western world for example,

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Speaker 1: is shrinking. So it's around one point eight billion today

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Speaker 1: and by twenty fifty that will be three hundred million

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Speaker 1: people smaller. And not only will it shrink, but the

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Speaker 1: remaining one point five billion people were much older. So

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Speaker 1: we do need these things. And it's of course it's

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Speaker 1: unsettling to think about these things taking over so many jobs,

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Speaker 1: but the reality is the shift is going to take decades,

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Speaker 1: not years, and it's better to be prepared and better

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Speaker 1: informed rather than hoping it doesn't happen.

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Speaker 2: So is it a case of investors just kind of

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Speaker 2: getting ahead of it before it actually takes off completely?

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Speaker 1: Well, I mean maybe not so much because of the

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Speaker 1: eery bleeding edge. It's a very early stage investment thematic,

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Speaker 1: so it should be treated with caution. However, it's one

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Speaker 1: to definitely keep on the radar and keep an eye

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Speaker 1: out for so over the next year or so, there's

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Speaker 1: a few big things that are going to happen, so

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Speaker 1: we're going to have the unvaiving of tesmans Optimus Generation

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Speaker 1: three humanoid, which will operate more outside of the factory,

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Speaker 1: even in the home, and more details on Figure AIS

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Speaker 1: humanoid figure out two which has just been released, but

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Speaker 1: it is early days. These things costs. These things cost

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Speaker 1: fifty two, one hundred and fifty thousand dollars. That are

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Speaker 1: a long way away from commercial scale, but I think

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Speaker 1: it's a kind of bleeding edge thematic to keep an

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Speaker 1: eye on.

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Speaker 2: Yeah, how fascinating, Sam, Thank you very much, really appreciate that.

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Speaker 2: That's Sam Dickey Fisher Funds Humanoids Who Knew. For more

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Speaker 2: from hither du plus The Allen Drive listen live to

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Speaker 2: news talks.

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Speaker 1: It'd be from four pm weekdays, or follow the podcast

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Speaker 1: on iHeartRadio