China sounds alarm as a swarm of copy-cat humanoid robots threatens to crash the industry

China’s economic planning agency has warned that the overwhelming production of highly similar humanoid robots may collapse the industry. It now plans to encourage consolidation and technology-sharing and focus resources on research and development. Humanoid robotics is one of the industries China sees as a major driver of future economic growth, but officials are now concerned that the market is becoming overcrowded, with more than 150 firms now producing human-like robots, causing authorities to raise an alarm about how many of them are highly similar to each other. China warns against ‘copy-cat’ robots At a press briefing on November 27, Li Chao, a spokeswoman for the National Development and Reform Commission (NDRC), said that there are now more than 150 firms in China producing humanoid robots and many are churning out products that are “highly similar.” The concern here is that a large number of near-identical humanoid robot models could...

https://www.cryptopolitan.com/china-bubble-concerns-humanoid-robots-market/