first principles | @imperialcollege alum

Joined July 2021
Photos and videos
Humanoid retail stores in China have evolved 🇨🇳 🔴Offering maintenance, custom modifications, skill training, and rentals 🔴Backed by local manufacturing zones that supply every part on demand Chinese government is opening more of these stores to improve local humanoid supply chains, increase awareness and eventually to increase adoption.
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Wheeled humanoids are more efficient, cost-effective and ready to ship than bipedal humanoids today. Most industrial floors are flat anyways so the terrain problem that legs solve barely exists. Legs will matter eventually but the first real commercial wave of humanoid ROI is going to roll, not walk.
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As companies stay private longer, retail misses out... Returns since IPO for big tech stocks: 🟢NVIDIA | 5040x | 1999 🟢Apple | 2925x | 1980 🟢Google | 173x | 2004 🟢Microsoft | 5546x | 1986 🟢Amazon | 3163x | 1997 🟢SpaceX | 1.19x | 2026 🟢Tesla | 342x | 2010 🟢Meta | 15x | 2012 🟢Antrhopic | N/A | 2026 🟢OpenAI | N/A | 2026
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NEURA is building facilities where humans wearing motion sensors & VR headsets can train robots 🥽 German robotics firm @NEURARobotics raised $1.4bn Takeaways from CEO @regerdavid1’s chat with @tbpn 🔵There is a lack of data to train robotics models 🔵Internet/egocentric videos aren’t sufficient 👓 🔵Teleops data is needed 🦾 🔵Building infra/facilities to collect the right data 🟢Data collection facilities to be located globally 🌎 🟢Supply chain won't be limited to Europe 🟢Focus is not limited to humanoids 🟢Industrial use cases first, then household 🧑‍🍳
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Respectfully this is factually incorrect. ETH is $200bn Below are robotics firms worth >$39bn in mcap: 1. Tesla $1.4tn 2. Intuitive Surgical $160bn 3. ABB $90bn 4. Hyundai (owns Boston Dynamics) $74bn 5. Teradyne $54bn 6. FANUC $45bn 7. Figure $39bn Even if you add 5% of Tesla & Hyundai, the total market cap of robotics firms still exceeds ETH That said Kevin's argument is valid that robotics industry is still pretty small Cocal Cola alone is worth $350bn SpaceX is worth $1.8tn Robotics total market cap is likely less than $500bn
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"the total value of all the robotics industry is worth less than ethereum:native right now?!!" wtf
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Chinese robotics firm EngineAI files for HK IPO 🇨🇳 🔵 Raised $200m at $1.5bn in April 2026 🔵 Builds humanoids and robodogs 🔵 Founded in 2023, located in Shenzen
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Another large European robotics raise announced 🇪🇸 @THEKER_ai raises $85m led by @CRV to build industrial robots that can replace blue collar workers
We just raised $85M, Europe's largest ever robotics Series A, led by @CRV, with backing from @Samsung and @LVMH. But this story did not start today. Carla and Jia have been obsessed with robots since they were kids. They met as engineers at UPC, started the university's robotics club, and competed and won at an international level. Years later, that obsession became THEKER: a company built from Barcelona to be the largest in the world, and to crack the technical problems other people call impossible. Today we are well on our way to the goal we set on day one: solve 100% of physical work. Our robots are live in production, improving every day, and the pace is only increasing. This round is not the destination. It is one more step in the right direction. Thank you to everyone who got us here. To our team, who hold a standard most people would call unreasonable. To our customers, who push us to become better. And to our investors, old and new, who saw it before the rest of the world did. If this mission excites you, we are hiring across the board. Come build it with us. We will win.
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HUMN is an ETF for humanoid-related stocks 🦾 The table shows top 10 holdings and 1yr return 💡 Supply chain components (Leader, Harmonic, Robotis) outperformed humanoid producers (Tesla, Ubtech, XPeng) 💡 Korean robotics stocks 🇰🇷 (Robotis, Rainbow, Hyundai) outperformed US, China, Japan 💡 China's humanoid plays (Ubtech, XPeng) disappointed despite all the hype Despite a huge chunk of robotics market cap being created in private markets through large fundraising rounds There are still opportunities in public markets especially with the picks & shovels supply chain component plays
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SpaceX to IPO at $1.75tn market cap today 🔵Top 10 asset in the world by market cap 🔵More valuable than BTC and ETH combined 🔵More valuable than Aramco, Meta, Berkshire H Another example that value creation is primarily happening in PRIVATE MARKETS SpaceX, OpenAI, Anthropic created tremendous in private markets for institutional investors but retail can only get in at $1tn valuations Demand for public vehicles that provide exposure to private markets will increase
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.@RoboStrategy Portfolio Snapshot 🔴Figure, Dyna, Apptronik make 76% of NAV 🔴Humanoid producers make 53% of NAV 🔴US companies make 99.8% of NAV
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$2bn funding in robotics in last 5 days: @NEURARobotics | $1.4bn | humanoids | 🇩🇪 @GeneralistAI | $400bn | intelligence | 🇺🇸 @standardbots | $200bn | industrial robots | 🇺🇸
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German robotics firm @NEURARobotics raises $1.4bn at $7bn 🇩🇪 🔵Investors include Tether, Qualcomm, Amazon, Nvidia 🔵Neura builds industrial humanoids priced at $100k 🔵Aims to manufacture humanoids out of Europe “This is the last chance for Europe to actually ever produce again in the world . . . if we own the physical AI stack and the robotics stack,” 🔴Current production capacity is at 6k robots per year 🔴German manufacturing giants Bosch and Schaeffler are among partners 🔴Building a platform where industrial customers to hire human trainers in motion-capture suits to perform tasks
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.@evanbeard thinks HUMANOIDS only have 1 use case: RAISING MONEY 💰 @standardbots raised $200m led by @robostrategy Main takeaways from CEO's interview with @tbpn 🔵@evanbeard is YC alumni 🔵99% of robots in the US were not made in the US 🔵Pmf was very clear from day 1, 🔵All Standard robot components to be made in the US 🔵Customers from oil/gas, data centers, automotive, aerospace... 🔵Product enables average manufacturing workers to train a robot through demonstration 🔵Provides flexible platform where customers can mix & match based on needs 🔵Sales grew 10x in a year Thoughts on Humanoids: 🔴Humanoids are more costly & less efficient for controlled environments (factory/field/warehouse) 🔴Humanoids might be right for the home but there is huge safety issue and it is years away from being solved 🔴Humanoids today are only useful for raising money
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$BOT up 75% in 1 week since @Rewkang started joining podcasts Standard Bots funding round being led by @RoboStrategy was the cherry on top $TESLA is down 5%, $BTC is down 8% during the same period
.@Rewkang compares humanoids costs to human labor "A humanoid will cost $2 per hour A human costs $35 per hour in the US Humanoids can do everything humans can do They don’t need to rest and they don’t quit A humanoid will replace 3 humans Even in low-cost labor countries Humanoids will become a cheaper option"
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American robotics startup @standardbots raises $200m at $1bn Round led by @RoboStrategy & @generalcatalyst The firm already manufactures robots for NASA, US Army and Lockheed Martin
Today, we’re thrilled to announce our $200M Series C funding round at a $1B valuation, led by @RoboStrategy and existing investors including @generalcatalyst. Standard Bots is now America’s largest manufacturer of AI-native industrial robots. Our customers include Sunoco, Lockheed Martin, NASA, and the US Army along with hundreds of other manufacturers across the country. We’re proud to say that we’re on track to deploy 10% of all U.S. industrial robots by next year. We are expanding our Glen Cove, New York facility to 70,000 square feet to scale our vertically integrated production process. We currently design almost all our own parts, including our own actuators, and we assemble every final product in-house. By 2027, we’ll manufacture everything — from metal in to robots out — right here in America. We believe AI-native robots are the essential power tool of the 21st century — the tool that will grow American manufacturing and help every American worker to be a force at work. You just show your robot how it’s done, and it learns through demonstration. No coding, no consultants, just unbox and deploy faster than anything else on the market. Right now it’s possible for the United States to revitalize our manufacturing base if we become the worldwide leader in this transformative technology. We must build American robots, and put them to work in American factories. It’s a national imperative, and it’s our central mission. This fundraise gets us one step closer to the goal. The future of American manufacturing is bright! Join Standard Bots, and show your robot how it’s done — we’re just getting started.
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Unitree humanoids to be banned in the US As I said repeatedly before, Humanoids are a matter of national security They are human-like mobile surveillance cameras with ears They will soon do most blue collar labor in factories - learning trade secrets. And will be our companions at home - collecting sensitive data about us & our houses. In the era of new geopolitical alliances, every major bloc must manufacture its own humanoids x.com/mikekalilmfg/status/20…

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.@GeneralistAI CEO @peteflorence thinks humanoids & world models are overhyped @GeneralistAI raised $400m this week Main takeaways from interview with @tbpn 🔵 Founders worked at Google & Boston Dynamics  🔵 Building general intelligence for the physical world 🔵 Primary focus is on HAND DEXTERITY🖐️ The goal is to automate use cases that haven't been automated with traditional robotics before where logistics & manufacturing are low hanging fruits Below is Pete’s robotics data source tier list 🔴 Tier A: Hand dexterity data with gloves 🔴 Tier B: Internet/YT videos 🔴 Tier C: Motion capture data 🔴 Tier C: Simulation data According to Pete, Generalist’s Gen-0 model launched in Nov 25 was the first time in robotics where anyone showed generalist scaling laws where performance predictably advanced with more compute & data
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