Unitree Robotics’ initial public offering has reportedly been oversubscribed more than 5,000 times as investors scramble for shares in one of China’s best-known humanoid robot manufacturers. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share, raising approximately $900 million and giving Unitree a valuation of around $9 billion, according to CNBC. Demand […]

The rapidly expanding global robotics industry could require 363 TWh of electricity annually by 2035 – equivalent to the yearly consumption of around 35 million average US households – according to new research from Wood Mackenzie. The finding arrives as energy capacity planning is already under pressure from AI data centres, making robotics a second […]