Brett Adcock, co-founder and CEO of Humanoid Robotics startup AI, made a rare public appearance at a Bloomberg Tech conference on Thursday. "The Digital" has recently become the subject of several news articles that question the advancements of Marquee Customer BMW. The figures are so strongly opposed to at least one of these reports that Adcock publicly threatened to sue the publication.
Asked about the doubts surrounding the BMW relationship and whether it is a pilot or it has commercial value to the company, Adcock replied, explaining the technical benefits of owning a robot on the factory floor, but providing no specific information about the contractual relationship with BMW.
"We have a lot of value and it's very important that we need to figure out how to run robots. We can see how they perform. We can track all the metrics." Two months ago, the graphic also posted a YouTube video showing several of its robots working at a BMW factory.
However, Adcock does say that AI has contracted a second unnamed client for initial deployment, which Bloomberg reportedly is a UPS client.
AI has caught people's attention by pointing out that its AI-powered robots have fine motor skills similar to humans and can manipulate objects accurately. Despite posting many videos of robots at work, the company has not yet conducted live demonstrations of human creatures.
Ed Ludlow of Bloomberg pointed out that although two other robotics companies (Agility Robotics and Boston Dynamics) showed their robots at the conference, the AI did not. "It goes back to the whole philosophy around us, and we won't be participating in a lot of events," Adcock said. "I think it's a huge time. Frankly, I have to bring a team here. They might be in the office," he said. The company is showing the robots in the video.
Adcock confirmed that AI is expected to manufacture and deploy approximately 100,000 units within four years.
Sources told Bloomberg that the company tried to raise $1.5 billion in a round at a $39.5 billion valuation, a skeptical skepticism at the company's $1.5 billion round, a 15-fold increase from the $2.6 billion valuation in February 2024.
TechCrunch reported in April that AI’s numbers have been sending suspension letters to secondary market brokers asking them to stop marketing their stocks because they have no right to do so.