Go to https://public.com/wsm to start earning 5.1% interest today!
A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at https://public.com/disclosures/high-yield-account
In 2021, Tesla, led by Elon Musk, unveiled Optimus with grand promises of an AI-powered robot capable of mundane tasks. But beyond the hype, lies a history of failed attempts in the world of humanoid robotics.
In this video, we critically analyze Optimus, comparing it to past failed projects. Despite Musk's vision of a robot-assisted utopia, the practical challenges are immense. We discuss why such robots, including Optimus, struggle to transition from concept to functional reality.
Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: https://www.youtube.com/ @BrokenBusinessModels
For business inquires: Mary @creatormanager.co
For other inquiries: Wallstreetmillennial @gmail.com
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #tesla #optimus #robot #robotics
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
0:00 - 2:25 Intro
2:26 - 8:33 History of humanoid robots
8:34 Tesla
A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at https://public.com/disclosures/high-yield-account
In 2021, Tesla, led by Elon Musk, unveiled Optimus with grand promises of an AI-powered robot capable of mundane tasks. But beyond the hype, lies a history of failed attempts in the world of humanoid robotics.
In this video, we critically analyze Optimus, comparing it to past failed projects. Despite Musk's vision of a robot-assisted utopia, the practical challenges are immense. We discuss why such robots, including Optimus, struggle to transition from concept to functional reality.
Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: https://www.youtube.com/ @BrokenBusinessModels
For business inquires: Mary @creatormanager.co
For other inquiries: Wallstreetmillennial @gmail.com
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #tesla #optimus #robot #robotics
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
0:00 - 2:25 Intro
2:26 - 8:33 History of humanoid robots
8:34 Tesla
In 2021, Tesla unveiled its humanoid robot. Optimus The robot on stage wasn't an actual robot, it was instead a human actor in a robot costume. but Musk claimed within a year they would have a working prototype. According to Musk, the Optimus robot will be powered by the same artificial intelligence which Powers Tesla's full self-driving cars and will be able to do almost any mundane task a human can do.
Importantly, individual tasks will not need to be programmed manually. The robot will be smart enough to respond to verbal instructions to do just about anything. Everything from operating Machinery at a factory to picking up items at a grocery store could be done by the robot. If the robot can do everything a human can do, human workers will no longer be necessary.
Musk says the widespread adoption of Optimus will bring about a post scarcity world where working will become a choice. The economic gains will be enough to finance a universal basic income. The idea of a general purpose humanoid robot is nothing new. Companies around the world have been developing such robots for decades with similar Ambitions, but almost invariably these projects have been expensive and disappointing failures.
Over the past 2 years, Tesla has released a number of carefully choreographed videos showing the capabilities of the Optimus robot, but it is clearly still in its experimental stages. In this video, we'll look at the challenges of developing a commercially viable humanoid robot, why almost all previous attempts at this have failed, and whether Tesla's Optimus will suffer a similar F. Before we take a deep dive into humanoid robots I Want to take a quick pause to thank the sponsor of today's video? Public Public.com has just launched its new High Yield Cash account offering an industry-leading 5.1% apy, no fees, no subscription, and no minimums or maximums. That means you can grow your cash with 5.1% interest with no strings attached.
It's as simple as that. Again, that's 5.1% interest with no fees, 5.1% interest, no subscription, 5.1% % interest with no minimums or maximums 5.1% interest with up to $5 million of FDIC Insurance just 5.1% interest. Straight up no strings attached. Sign up today at Public.com WSM This is a paid endorsement for Public.com 5.1% Apy is subject to change.
Full disclosures in terms and conditions can be found in the video description. High Yield cash accounts are available for Us members only. And now back to the video. The idea of a humanoid robot has cap activated the human imagination for centuries, all the way back in the 15th century.
Leonardo Da Vinci Designed a humanoid robot fitted into a suit of armor powered by a series of gears and pulley. Of course, the technology at the time didn't allow him to turn his dream into a reality. In the modern era, most of the development in this field has come from. Japan Japan is the oldest country in the world, with an estimated 29% of the population above the age of 65. Given the low birth rate, this percentage is only expected to increase going forward. Eventually, there will be too many retirees and not enough young people to work at the nursing homes, which could have disastrous economic and social consequences. One of the potential Solutions is to develop robots which can perform these tasks instead of humans. While there might not be enough young people to take care of the elderly, you could theoretically make an unlimited number of robots to solve this problem.
One of the first companies to make a serious attempt at this was a Japanese Automobile Giant. Honda They started developing robots in the 1980s and in 2000 they unveiled Asimo a humanoid robot capable of on two legs Honda Eventually envisaged Asimo working as an in-house carer for elderly people, helping to do things like prepare meals and clean the house. Over the next two decades, they made numerous improvements to. Asimo They showed demonstrations of it, performing delicate tasks such as pouring a glass of juice without spilling.
It looked like development was progressing rapidly and it might soon achieve the dream of a functionally useful human assistant. But behind the scenes, the technical challenges were far greater than what you might assume from watching the highly choreographed. Demos In 2018 Honda Shut down Asimo Almost 20 years after the initial release, they were still many years away from making a commercially viable product, and they could no longer justify the tens of millions of dollars they were pumping into the project every year. So what went wrong? The problems with Asimo and all other attempts at humanoid robots were best explained by the Austrian-american computer scientist Hans Morc.
In 1988, he came up with the Morc Paradox The idea is that computers are very good at doing mathematical calculations and higher level reasoning, but is very difficult for them to replicate human perception skills. In his words quote, it is comparatively easy to make computers exhibit adult level performance on intelligence tasks or playing checkers, and difficult or impossible to give them the skills of a one-year-old when it comes to perception. And Mobility Unquote, Take the example of a math problem. If you wanted to know what 10 million is divided by 832, this calculation would be almost impossible for even the smartest human to do, but even a basic calculator can do this in a tiny fraction of a second.
For comparison, bring a glass of juice is Trivial Even a child can do this without thinking, but in reality, this is an incredibly complex task. Your fingers have millions of nerves which tell you the exact amount of pressure on each part of your hand. With this constant feedback, you continuously adjust how much you contract your muscles to keep the pitch in the desired position. This task is made all the more complicated as the weight of the pitch changes as its contents are poured out. You can see the juice falling into the cup and use this information to adjust how you pour and when to stop. Your brain processes millions of signals from your nerves and eyes every second. This all happens subconsciously, but is incredibly difficult for a computer to replicate. That's why it took multiple decades and hundreds of millions of dollars to make an ASIMO robot that can pour glass of juice and while later stages of Asimo could indeed respond to simple voice commands, most of the public demonstrations were carefully choreographed and hard programmed.
For example, in 2010, Honda conducted a marketing gimmick where they had the ASIMO robot conduct a symphony orchestra. This was meant to showcase the dexterity of the robot's hand and fingers. It took Honda's Engineers 6 months to program the Asimo to conduct a two-minute Symphony. They looked at a video of a real world conductor and hardcode the instructions line by line.
Even when the robot was pre-programmed its performance was often subpar. The commercials often had to be shot multiple times, and they would only publish a video where everything went according to plan. For example, in this commercial from 2006, the Asimo can be seen flawlessly walking up a flight of stairs. A few years later, they tried the same thing in front of a live audience.
m of the audience were videotaping the event, so Honda couldn't cover up a failure if you take off the white shell. The Asimo was incredibly complex with thousands of sensors, gears, and other mechanical. Parts While Asimo never went on sale, Executives had indicated to the media that its price tag would be the equivalent of about $2.5 million Us. Obviously, nobody was going to pay so much money for a robot that barely works, so they pulled the plug.
Finally, ditching the ill- fated project in 2018, another company that has developed a humanoid robot is Boston Dynamics In 2016, they unveiled their bipedal Atlas robot, which shows impressive dexterity in their promotional videos. But just like the Asimo, it has to be meticulously pre-programmed for each demonstration and is prohibitively expensive to mass-produce It's an experimental program meant to test the limits of their technology. They have no plans to commercialize it in the foreseeable future. Instead, they're focusing on a four-legged robot called Spot, which costs about $75,000 The fact that it has four legs instead of two makes it far easier to balance, but its lack of arms and fingers also make it far less useful.
So far, the main use case has been maintenance monitoring at industrial facilities. Cameras can be attached to it to read dials, and thermal cameras can be attached to see if equipment is overheating. The idea is that I can walk around a factory at night to see if any equipment is broken or in need of Maintenance. While this could be useful in some cases, it's a far cry from ushering in a post scarcity world where work becomes optional. In an interview with the Lex Friedman Podcast in April of 201 23 Boston Dynamic CEO Robert Plater said the company had sold 1,100 of their spot robots. To become profitable, they would need to sell 1,000 to 1,500 per year. It's been available to purchase since June of 2020, so in the first 3 years they've sold about 360 spots per year. This is less than onethird of the number they need to reach break even the lackluster sales is probably combination of The Limited use case, as well as the entrance of Chinese competitors which have made similar robots at a fraction of the cost.
They aren't as capable, but for the purposes of walking around a factory with a camera, they'll probably do the job. So now let's go back to Tesla's robot. According to Musk, they have a huge Head Start because of the work they've already done with self-driving technology. The self-driving artificial intelligence can also be applied to a humanoid robot.
We've made multiple videos in the past about problems with Tesla's self-driving technology. We've linked the videos in the video description below. Long story short, Tesla's autopilot and full self-driving are far less competent than Musk wants you to believe. Even if if full, self-driving was as advanced as Mus claims, it doesn't necessarily follow that this technology could be directly applied to the humanoid robot.
Autonomous driving is challenging because you have to detect other cars, pedestrians, and other obstacles on the road, but the actual functions of the car are quite simple. It can accelerate, decelerate, break, and turn. The degrees of freedom of what it can do is quite limited. The degrees of freedom for a human is much greater.
The types of things you can do with your hands are orders of magnitude more diverse than what a car can do. Tesla Has released a number of videos of the bot development. They show it being manually trained by a human to perform discrete tasks basically the same way Honda's Asima was trained. We have not yet seen any evidence of artificial intelligence.
The most impressive thing we've seen it do so far is picking up an egg without breaking it, but it's unclear how many eggs they had to break before they finally got a shot of the robot picking it up successfully. Remember that the ASIMO robot also appeared to perform well in pre-recorded videos, but often failed in front of live audiences. Tesla is no stranger to publishing receptive demo videos. In 2016, they posted a Now Infamous video showcasing their full self-driving technology.
In the beginning of the video, it says the person in the driver's seat is only there for legal reasons. He is not doing anything. the car is driving itself. In a later lawsuit over an autopilot death, Tesla's director of Autopilot software was compelled to testify. He admitted that the video was staged. They used 3D mapping of a predetermined route. When they first tried it, the driver had to intervene multiple times. They had to do many takes of the video before they can get one with no driver interventions.
In fact, one of the test runs of the car actually crashed into a fence when it was trying to park. Basically, the whole thing was a fraud. All right guys, that wraps it up for this video. What do you think about Tesla's Optimus robot? Will it usher in a post scarcity world? Or is it just another one of Silicon Valley's pipe dreams? Let us know in the comments section below.
if you've enjoyed this video, make sure you're subscribed to the channel so we can bring you the most important stories in the worlds of Finance Ecomics and Technology As always, thank you so much for watching and we'll see you in the next one. Wall Street Millennial Signing out.
So he wants to realize the I Robot movie. Well for one, that will not happen anytime soon. And if they somehow were able to push out robots that advanced, there would be huge issues. I don't believe AI will be the great thing people think it will be.
Humanoid robots don't have to fail. But rest assured musk wi'll find a way to make them explode.
You should obsess less about the only billionaire who's a productive engineer and more on all the others unproductive manipulative speculator ones.
We will know for sure how right, or wrong, this video is about Tesla’s humanoid robot whether by the success of Tesla FSD or a live demonstration of Optimus performing an advanced performance. Based on Honda’s Asimo robot experience, the Achilles heel is the software that controls the robot. This is something that Tesla has been working on and, while it has been promised many times over a number of years and has yet to be fully rolled out, there is news that the most advanced version, V12 will be the one. We shall see.
Boston Dynamics can perhaps sell their doggie robot for security purposes.
40 years down the road and we have a robot that can climb stairs a lot better.
Pipe dream. But that's how you get funding to get somewhere, I guess.
delet this
I think Figure and Fourier are more promising
I'm sure we'll get functional robot which could perform human tasks well someday. However, the real question is would it be accepted by society when it were? Some people are already complaining about AI and robots will be next target.
Why did the robot cross the road?
Because it was programed to do so…
I think there is validity in pursuing humanoid robots. I just don't think Musk is going to be the one to do it lmao.
Consciousness is still a mystery. We've Seen Innovation in Bits, But Not Enough in Atoms" Peter Thiel.
its laughable that they expected Asimo to be more than a tech demo. They started on that decades ago and if anyone was going to come up with Chat GPT it should have been the people making that Asimo.
In Honda's defense, the ASIMO project was a research project for mobility. It was never meant to be a profit driven manufacturing project. ASIMO stands for Advanced Step In Innovative MObility. As you can see ASIMO was very successful in that regard.
I personally think honda will enter the robotics market again when it becomes profitable.
If you dont think the military is paying for atlas to be developed then you're crazy.
Perhaps a 6 limbed robot would work, 4 limbs for perambulation and 2 limbs for manipulation?
The hype master trike again
Stick to finance commentary. You know nothing about the new robotic technology, AI, machine-learning, or the inevitable change that is occurring right in front of you. As an MIT graduate with a bachelor’s and master’s in electrical engineering and 20 years of industry experience in a high-tech field, I can assure you that the recent waves of robots (Optimus, the FIgure robot, etc.) are not the same as the very primitive robots (Asimo and Boston Dynamics) you are identifying here to support your thesis that this new wave of robots will fail. And when I mean primitive – I mean that their brains are woefully primitive compared to the brains that are in the Figure and Optimus robots. And the brains make all the difference. I find it amusing how you and your audience of non-technical people who know very little about this relatively new technology (and how neural networks work and evolve as they receive more training data) can speak with such conviction about these things and whether they will or will not work. You would think that after non-technical folks like you were shown CHATgpt that you would wake up, but apparently not.
The Optimus humanoid robot can start with simple tasks in a protected factory environment and take it from there.
Not gonna age well.
Vaporware
Just another stock pump by Musk the grifter
Low effort but I suppose that’s how content can be churned out
If they’ll have the same AI as FSD, be afraid. They still can’t keep that from steering into traffic or plowing into parked cars.
After teaching my kids how to drive, I doubt an automaton can anticipate and react to the dynamic conditions of driving a car. Perhaps I will be proven wrong in 10, 20 or 50 years from now?
Wheres the energy and computing power to run these thinkings.Just tech startup scammery.
90% of the things this guy does is a friggin disaster and total failure Bi weekly Tesla recalls, Dogecoin, Hyperloop twitter falling apart, bullet proof glass that's not bullet proof, trucks that barley work like what else do can he screw up
Right now, robots are a novelty toy. I'm glad that the chinese are making affordable copies of boston dynamic's dog. I used to have an Aibo robot dog as a kid. I want a more advance version without paying an arm and a leg.
the saying, work to live, is so old, that we don't want to work 40 plus hour weeks anymore. we should of been born to enjoy life, not be locked in at some job 90% of people hate.
Just here to read Musk fanboys responses 🍿🍿🍿
Seems like a rather superfluous video, with the main focus being 5.1% rather than original content.
Disappointing compared to you recent material.
This video completely failed to mention the AI breakthroughs that will likely make this time different: multi-modal Generative Pre-trained Transformers, reinforcement learning from human feedback, and high fidelity simulation. Google and OpenAI have the advantage with regard to GPTs, but Tesla's advantages compared to other robotics manufacturers include lots of in-house compute, the ability to test and iterate within their own company's manufacturing processes, and can easily modify those processes to adjust for the limitations as well as take advantage of improvements in their robots. It's not hard to find information on robots controlled by GPTs that are not hard-coded but display advanced reasoning.
I work in manufacturing. Takt time matters a lot and failure to meet Takt time is cause for termination.
These humanoid robots are just too slow to offer any value to any company.
I like your videos but your Tesla videos are always flawed, like it has long since been proved with the self driving technology that the major incidents have been human error or drivers purposely screwing with it. Take that one crash where the driver was “in the back seat” when the car crashed but the later review shows that at the time of the crash the driver overrode the autopilot and then when the crash happened he jumped to the back to avoid fault (though he ended up dying which is probably karma if you believe in that)