Figure 03惊艳发布，但二级市场并不买单

Core Viewpoint - The article discusses the recent release of Figure 03, a humanoid robot by Figure AI, highlighting its potential in the market despite a lack of immediate positive response from the secondary market. It draws parallels with Tesla's situation and emphasizes the challenges and opportunities in the humanoid robot sector [2][22]. Summary by Sections Figure 03 Release - Figure 03 is designed for Helix, home use, and global scalability, showcasing significant advancements over its predecessor, Figure 02 [2][4]. - The robot features a new perception component and hand system, enhancing its operational capabilities [4]. Key Features - The robot's design includes a flexible fabric outer layer, wireless charging support, and improved battery safety, making it more suitable for home environments [4][15]. - It is engineered for mass production, with a complete supply chain established, aiming for an initial production of 12,000 units per year and a total of 100,000 units over four years [4][17]. Technological Advancements - The new visual system allows for higher frame rates and reduced latency, enhancing the robot's responsiveness [5]. - It can process and learn from large data sets, enabling continuous improvement through a 10 Gbps data offloading capability [7][8]. Market Context - The humanoid robot industry is characterized by long cycles and vast potential, with challenges in mass production and effective application in real-world scenarios [22]. - The article notes that many companies in the sector have yet to establish a true competitive moat, particularly regarding the development of the robot's "brain" [22]. Industry Insights - The article mentions that the humanoid robot market is seeing increased interest from various sectors, including automotive and technology companies, indicating a potential growth phase [24][25]. - It highlights the importance of strategic partnerships and revenue generation for startups in the humanoid robot space [22].