Global X Robotics & Artificial Intelligence ETF

Friedberg oppose ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E217 · 2025-03-01 ▶ 19:41

It's a lot harder to create one of these general purpose systems and automation than create like vertically or kind of utility specific automation system. So a device that just does one thing, delivers something to you in the air or drives your food to you or loads and unloads your dishes. ... It is a general purpose device and it makes a technically very hard road map, I got to imagine.

Friedberg support ×3 ▲ on 🤖 General-purpose robotics finally works this cycle E192 · 2024-08-16 ▶ 42:45

Basically, these businesses today are running at call it 30% EBITDA margins at peak performance. That's like Chipotle's best class by taking out labor. You could probably take out another 20 points of cost, which could translate into lower prices for consumers, higher throughput, lower wait times.

Jason support ×3 ▲ on 🤖 General-purpose robotics finally works this cycle E192 · 2024-08-16 ▶ 40:15

We have an investment in a company called Cafe X. Nick, you can play a clip of it. These two machines in FSO have broke a million dollars a year in revenue.

Jason support ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E187 · 2024-07-12 ▶ 37:00

And I'm really interested in robotics now, too. I think there's going to be some incredible gains with Optimus and some of the other robots that are occurring.

Friedberg support ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E185 · 2024-06-29 ▶ 1:01:33

So the robotic applications are pretty powerful. Machine vision applications are very powerful.

Same with how I'm, like, more excited about humanoid robots than sort of robots of, like, very other shapes. The world is very much designed for humans and I think we should absolutely keep it that way.

Friedberg support ×1 ▲ on 🤖 General-purpose robotics finally works this cycle E176 · 2024-04-26 ▶ 32:19

I think the Optimus has the highest alpha, but the highest beta. So, you know, more upside than anything else. Just unclear how you get there, what the path is and the capital requirements.

Sacks support ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E176 · 2024-04-26 ▶ 30:32

In the long-term, in terms of option value, I am the most intrigued by the robot play

Chamath oppose ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E176 · 2024-04-26 ▶ 33:44

I suspect instead of having a generalized robot, you have very specific use case robots that look differently ... there will be people that become experts in these vertical use cases, and that will limit the TAM for a generalized approach.

Jason support ×3 ▲ on 🤖 General-purpose robotics finally works this cycle E176 · 2024-04-26 ▶ 36:09

I think every human on planet Earth eventually will have a robot. So I know that's crazy, but I think Optimus will dwarf the entire entirety of Tesla's other businesses.

Friedberg oppose ×3 ▲ on 🤖 General-purpose robotics finally works this cycle E173 · 2024-04-05 ▶ 1:08:06

I don't think it necessarily follows this general purpose model. I think that there are likely going to be more narrow application ranges, and they're not going to necessarily be humanoid in form factor. ... the success of Gecko indicates that there's far more money to be made in industrial applications than there is in consumer applications today.

Sacks oppose ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E173 · 2024-04-05 ▶ 1:05:52

Jason, I don't think it's a five year time frame. I think it's longer than that. That's just my guess. ... I think in the near term, it's all about industrial applications or maybe even military applications.

Jason support ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E173 · 2024-04-05 ▶ 1:08:06

I think every human is going to have one of these. I think every household in America, every middle class household in America, will have one of these thousand dollar a month robots in seven years. I'll give it seven.

Chamath support ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E173 · 2024-04-05 ▶ 1:07:16

I think it'll be less than that. I think it's going to be in the next two or three years, you'll have a domestic help robot that you can probably pay a thousand bucks a month for.

Jason support ×3 ▲ on 🤖 General-purpose robotics finally works this cycle E171 · 2024-03-22 ▶ 58:56

something tells me this robotic space, which has been a start over and over and over again. I think this is the time where actually it's going to work. And so I love that hardware and robotics space.

Friedberg support ×2 ▲ on 🤖 General-purpose robotics finally works this cycle E171 · 2024-03-22 ▶ 52:23

is there a enterprise like sale of robotics tools that have positive ROI for enterprises? And is there a business that's working there and that is scalable? Vertical solutions in labor and automation and productivity gains are probably the best sharp ratio.

Jason support ×2 ▲ on 🤖 Expensive labour pulls forward automation capex E99 · 2022-10-07 ▶ 44:55

I think that's going to be the very interesting thing with the robots as well, is all of these decisions they're making, moving cars through roads, all of a sudden we're going to see that with VTOLs, vertical takeoff and landing, you know, aircraft, and we're going to see it with this general robot.

Jason support ×3 ▲ on 🤖 Expensive labour pulls forward automation capex E94 · 2022-09-01 ▶ 34:28

We are within, I think, five, 10 years of a lot of these jobs. We're talking tens of millions of manual labor jobs being gone. And we're going to look at this moment in time where we try to squeeze an extra 10 or 20 percent out of these employers. And then you're going to see these employers say, you know what? 24-hour-a-day robot. Yeah, it's a little bit upfront cost. I'll put it on the lease and they're just going to move to these robots. It's really very close to being game over for manual labor.

Sacks support ×2 ▲ on 🤖 Expensive labour pulls forward automation capex E94 · 2022-09-01 ▶ 22:32

Well, the reason is because if you raise the minimum wage too much, then these employers have a huge incentive to replace that labor with automation. And so the unintended consequence that Chamath is talking about is that these big chain restaurants are going to rely even more heavily on automation now.

Chamath support ×3 ▲ on 🤖 Expensive labour pulls forward automation capex E94 · 2022-09-01 ▶ 31:05

And so to think that they're not going to just invest heavily now at the corporate level, the next franchisee of McDonald's will still pay a million dollars for franchise fee but will give will be given a bevy of robots that they rent for McDonald's and they'll have to hire half or third less.

Friedberg support ×3 ▲ on 🤖 Expensive labour pulls forward automation capex E94 · 2022-09-01 ▶ 15:04

Number two, businesses are going to automate. So new businesses will emerge that actually do the fast food work or do the car building work or do the dock loading and unloading work that are automated and they'll have an inherent advantage in the economy and they'll win.

Friedberg support ×2 ▲ on 🤖 Expensive labour pulls forward automation capex E88 · 2022-07-22 ▶ 1:09:43

But generally speaking, technology drives productivity gains, but it's deflationary in the short term.

Flexport already made this technology. We could 10x the throughput of one of these ports overnight ... We already have this tech. So it's a matter of implementation, deployment, and how do you get around a lot of people that don't really want to see better running ports. And it's pretty sad to sit where I sit.

Friedberg support ×2 ▲ on 🤖 Expensive labour pulls forward automation capex E58 · 2021-12-11 ▶ 44:22

So the low-cost model of consumerism in the United States, which has been a stronghold for our economy for 100 years at this point, may be coming to an end, or it will accelerate the implementation of automation across that sector of the economy.

Friedberg support ×2 ▲ on 🤖 Expensive labour pulls forward automation capex E51 · 2021-10-16 ▶ 10:57

The other free market argument that could be made is that these current trends will accelerate a trend towards more automation of low cost labor ... So there's a number of these automation industries that may significantly benefit and that ends up ultimately being deflationary and the market comes into balance.