CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%

The CEO of a Chinese robotics company whose stock skyrocketed 460% after going public this week said humanoid robots might still be far away from their own “ChatGPT moment.”

The 36-year-old CEO behind robotics company Unitree, Wang Xingxing, said Thursday the industry’s breakthrough, or “ChatGPT moment,” could take “2 to 3 years at the fastest, and 5 or even 10 years at the slowest,” according to a translation of a speech he gave at the World Robot Conference in Beijing, previously reported by CNBC.

Robots will only reach this point when they can be placed in an unfamiliar environment or a home and handle about 80% of tasks through voice commands or text alone, he said.

Wang’s comments reflect a shift from last year at the same conference, when he said the breakthrough moment for robotics would come within five years at the latest. His statement also seemed to conflict with the outsized enthusiasm shown by investors who skyrocketed the........

© Fortune