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Episode 36 Has AI Robotics Revolution Met Its ChatGPT Moment? A Chat with Covariant CEO
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2023 is a year that has been marked by technological leaps. It is not surprising to see the confluence of artificial intelligence (AI) and robotics which promises to reshape industries and redefine labor.
Today there are about 3,000,000 industrial robots around the globe, with roughly 400,000 new robots entering the market every year. And the global market is expected to reach almost $43.8 billion in revenue in 2023 with a 10% CAGAR growth through to 2029 in North America alone.
Many startups developing robotic arms could help factories address labor shortages and mitigate future supply-chain disruptions.
I had the privilege of speaking with Peter Chen, the Co-founder and CEO of Covariant. Peter and his co-founders have been at the forefront of AI advancement since they were research scientists at OpenAI. We discussed the implications of AI-infused robotics in manufacturing, the critical challenges in labor shortages and supply chain disruptions, the transformative journey that Chen and Covariant are pioneering and when AI Robotics will have its ChatGPT Moment.
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