Unitree Robotics shares have risen more than 60% since Oct. 15, closing at 672 yuan on Monday and lifting the Chinese robot maker’s market capitalization to 271.8 billion yuan, or about $40.8 billion. At the World Physical AI Conference in Hangzhou, founder Wang Xingxing said large models could achieve a major breakthrough in physical AI within one to three years. JPMorgan subsequently upgraded Unitree from underweight to overweight and raised its price target to 995 yuan. Priced at about $16,000, Unitree’s G1 humanoid robot is cheaper than competing models, although investigations into the undisclosed transmission of audio, video and spatial data to external servers have raised security concerns.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
