AI2 Robotics: Rise of a Robotics Pioneer from China

The Chinese robotics manufacturer AI2 Robotics is aiming to go public within the next one to two years, as announced by CEO Eric Guo. The company is relying on strong revenue growth, driven by increasing demand from the industrial sector. The announcement of a new major contract with the semiconductor display manufacturer HKC Corporation for more than 1,000 humanoid robots over the next three years underscores the company's potential. The contract is estimated to be worth 70 million dollars, significantly more than the 15 million dollars in revenue AI2 achieved in the first half of the year. AI2 Robotics specializes in the production of versatile robots called AlphaBot2. These robots perform tasks such as assembly, quality control, or testing procedures. The main feature is the independently developed AI, the Alpha Brain, which allows the robots a certain degree of autonomy from external control. Founded in 2023, the company has already raised about 140 million dollars from venture capitalists, which according to Guo is sufficient for the next ten years. Although he did not provide specific details about the current company valuation, Guo proudly confirmed the firm’s unicorn status. AI2 is part of a new generation of Chinese companies developing humanoid robots with artificial intelligence to counteract a declining population trend in China. Competitor Unitree is also eyeing an impressive stock market valuation of 7 billion dollars.