TECH LOVE🚨: Top Ten Most Valuable Tech Companies Driving Innovation in Robotics

The next big thing in the technology industry appears to be consumer robotics and there could be massive implications for both Main Street and Wall Street.

An analysis of the top ten tech firms in the world by market capitalization, their 2024 performance to-date, and what we’ve been able to glean about their current budgets indicates that big tech is ready to move beyond chatbots.

The robots we want

There are currently countless robots in the world. They’re used to build cars, stitch clothing, and even handle nuclear materials. But these specialized machines are purpose-built to perform specific tasks and typically not available or even useful to the average person.

But, over the past decade, consumers have been fed a steady stream of videos featuring robots dancing, doing backflips, and performing mundane tasks such as household chores and food preparation.

Consumers have long awaited the arrival of a bonafide “Rosie the Robot” (the sassy machine housekeeper featured in the 1960s US cartoon series “The Jetsons). What we’ve gotten instead have been talking speakers, expensive toys, and chatbots. But that could all be about to change.

Big tech’s pivot

The technology industry is interconnected in myriad ways. For example, Microsoft’s cloud services power OpenAI’s agents, which are trained on Nvidia hardware fabricated in partnership with TSMC. No matter which direction you look in, big tech is a rising or lowering tide that affects all vessels in its waters.

Currently, each of the 10 most valuable technology companies on the planet by market capitalization are invested in and developing robotics technology. Arguably, this pivot started in 2014 when the proliferation of generative adversarial networks (GANs) kicked off the generative AI industry.

Nvidia was among the first companies to benefit from this early pivot. Prior to 2014, it was known as one of the premiere companies in the niche market of graphics processing units (GPUs). Then companies started using those GPUs to train AI models.

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Voiced & Reported by: Soha.M