Physical AI is one of the hottest sectors in venture investing, with companies raising billions to apply the tools that gave us Large Language Models to robotics. That excitement helped deliver a big IPO for Unitree, China’s leading robot maker, which saw the company valued at $66 billion after its arrival on China’s equivalent of the NASDAQ. This week, however, the bottom fell out, and the company lost nearly half of its value. Analysts point to one obvious issue: While the robots&…
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