Tight labor markets are increasing the use case for robotics, Morgan Stanley says, predicting a boom in humanoids – or robots in human form. “Advances in AI are transforming the robotics industry,” Morgan Stanley analysts said in a June 26 report called: “Humanoids: Investment Implications of Embodied Artificial Intelligence.” “Labor shortages and demographic trends increase the commercial importance and adoption paths (and economic payback period) across a wide range of industries,” they added. The bank predicts a humanoid population of 40,000 by 2030, 8 million by 2040 and 63 million by 2050. But it’s not worried about robots replacing jobs — analysts say it’s more likely that robots will do the work that people don’t want to do. . “We see a more optimistic future than the one painted by technology de-accelerators – a future where robots continue to complement and further improve human work and productivity, and a future in which mundane and dangerous work can is given out,” they wrote. “But perhaps more pressing is the stark reality that we will need humanoids.” Morgan Stanley is not alone in its Bulgarian attitude towards humanoids. Last month, Tesla CEO Elon Musk claimed that his company’s Optimus robots could take the automaker’s value to $25 trillion — more than half the value of the S&P 500. In January, a video demo showed Optimus robots folding clothes. However, it was heavily criticized by engineers as the robots were being operated by humans and were not autonomous. However, Morgan Stanley outlined a number of sectors that could potentially benefit from humanoids, with social care likely to be the largest total addressable market. The cost of building humanoid robots can range from $10,000 to $300,000 per robot, the bank said, but added that with “the benefit of scale, the introduction of AI algorithms to significantly shorten the R&D cycle and the use of cost-effective components . from China, we see significant cost reduction opportunities.” The analysts came up with a list of 66 stocks that they say “best express the humanoid theme.” They are categorized as enablers – defined as companies that develop such robots or their inputs such as their “brains and bodies” – or beneficiaries, which are companies that can benefit from humanoid labor – or both. Here are some of the stocks from Morgan Stanley’s list. They include names from the United States, Asia and Europe: CNBC’s Michael Bloom and Lora Kolodny contributed to this report.
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