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Today’s Menu

• China Takes Aim at Tesla with AGIBOT’s Humanoid Robot Army

• Waymo Unveils New Self-Driving Car

• Bitcoin Rallies on ETF Inflows, Election Speculation Fuels Bullish Sentiments

Markets

^{Today In Robotics}

China Takes Aim at Tesla with AGIBOT’s Humanoid Robot Army

China-based startup AGIBOT just unveiled five advanced humanoid robots, directly challenging Elon Musk’s Tesla and its Optimus bot. The flagship model, Yuanzheng A2, stands 5'9" and can perform delicate tasks like needle threading.

AGIBOT plans to ship 300 units by the end of 2024, claiming superior commercialization and cost-control compared to Tesla.

This launch marks a significant move in the intensifying humanoid robotics race between the U.S. and China, with several Chinese startups making rapid strides in the field.

^{Today In AI}

Waymo Unveils New Self-Driving Car

Waymo just released the 6th version of its self-driving car, which comes at a much lower price. Waymo’s cars have 13 cameras, 4 lidar, 6 radar, and also audio receivers (which is less than its previous cars).

Many of these updates have been designed to help Waymo cars handle rain, fog, and other difficult weather issues.

Waymo is differentiated from Teslsa in the fact that they use lidar (which is basically a remote sensing detection system). Elon Musk is known for being anti-lidar, but Waymo disagrees with him on this.

^{Today In Crypto}

Bitcoin Rallies on ETF Inflows, Election Speculation Fuels Bullish Sentiment

Bitcoin surged past $61,000 early Tuesday, buoyed by strong ETF inflows, including $92 million from BlackRock's IBIT. Japan’s Metaplanet also added to its holdings, contributing to the bullish momentum.

Traders are speculating on how the U.S. election might impact the digital asset market, locking up millions in bitcoin options.

Meanwhile, State Street is partnering with digital asset custodian Taurus to launch tokenized traditional assets and plans to expand into crypto custody once U.S. regulations are more favorable.

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Until next time,

Damon James