Elon Musk's Tesla Robot Could Be His Next Big Win — Startups Are Following Suit

Will there come a day when humans walk alongside robots without a second glance? If billionaire Elon Musk and his company Tesla Inc. have anything to say about it, the answer is a resounding "yes."

At Tesla's 2022 AI Day presentation, Musk unveiled the Optimus humanoid robot prototype, which uses artificial intelligence (AI) software and sensors from Tesla's Autopilot system. If all goes as planned, Musk believes it could cost under $20,000 to develop the robot for mass use.

Drawing from Tesla's expertise in AI and actuator production for electric cars, Musk aims to test these robots in factories first. Unlike other humanoid robots, Musk emphasized that Optimus is designed for mass production and enhanced capability.

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Tesla Isn't Alone

Tesla may have a headstart in the development of its humanoid robot, but that doesn't mean other companies are far behind. For example, the Ability Hand by PSYONIC is an in-market prosthetic hand that provides more functional mobility than traditional solutions. 

Using innovative bionic technology, it mimics touch sensations for people with limb loss. Covered by Medicare, it's accessible to many Americans with upper limb amputations and is employed by top global institutions for humanoid robotics research.

Here are some of the reasons why PSYONIC's Ability Hand has raised more than $2.2 million on the crowdfunding platform StartEngine:

• PSYONIC's Ability Hand delivers a solution for those with lost limbs. It’s designed to be exceptionally fast and boasts groundbreaking multitouch sensitivity.
• The bionic hand is also gaining traction in the robotics sector, with industry leaders like Apptronik Inc. and Meta as clients. Goldman Sachs estimates the market will reach $6 billion by 2035.
• PSYONIC emphasizes affordability, ensuring that products are cost-effective and are covered by both Medicare and private insurance.

AvaWatz: A Leader In The Decision Intelligence Space

Just like PSYONIC, AvaWatz is making major strides in the robotic industry. AvaWatz employs decision intelligence to enhance robot collaboration. Its platform turns individual robots into cobot teams, allowing businesses to achieve tasks more efficiently, without sacrificing quality or safety.

Cobots excel in tasks too challenging, risky or monotonous for humans across sectors like military, aviation and transportation. AvaWatz's research, backed by entities like the U.S. Air Force and Department of Homeland Security, pushes these technological boundaries. With the rise in autonomous innovations, from drones to self-driving vehicles, the demand for platforms enhancing cobot team efficiency may grow.

In short, the company's platform enhances robotic efficiency, facilitating seamless teamwork between robots and humans and shaping the future of autonomous tasks.

While the Tesla humanoid robot is getting a lot of press, the companies flying under the radar — such as PSYONIC and AvaWatz  — are doing their part in leading the charge toward the greater use of robot technology. 

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