According to Odaily Planet Daily, Andrew Kang, co-founder and partner of Mechanism Capital, posted on the X platform that he invested $19 million in Figure, an AI humanoid robot company, in February this year. This is his largest venture capital investment and the most exciting time for him to be involved in a technological revolution that changes the world since he joined the Bitcoin/crypto industry.
The human labor market is the largest in the world, reaching $42 trillion and accounting for half of global GDP. Humanoid robots could spawn trillion-dollar companies as the labor shortage crisis worsens.
Andrew Kang believes that it is inevitable that robots will replace most human functions. Technology may develop for decades, but will eventually reach an inflection point and change the world in a very short period of time. He expects millions of robots to be deployed in the next few years, and at least 100 million robots will be deployed by the end of this decade.