Unitree's market value retraces nearly 70%; Wang Xingxing admits at the CIIF that he did not believe in AI enough
Less than two months after its listing, Unitree Technology's share price has fallen from a high of 1,237 yuan to around 420 yuan, wiping out more than 270 billion yuan in market value, with a maximum drawdown of nearly 70%. Founder Wang Xingxing said on October 12 at the Shanghai China International Industry Fair (CIIF) that his biggest mistake over the past decade-plus was not believing in AI enough, and offered a prediction that the robot era could see an inflection point in as soon as one to two years; Unitree is building a physical AI self-evolution system, and the stock closed up 3.64% the day after his remarks.
Highlights
Dexmate and CMU release the MeMoREval benchmark: for robots, storing camera frames beats text descriptions
Dexmate and CMU have introduced the MeMoREval benchmark, which uses a two-stage protocol of experiencing first and asking questions later to evaluate what memory embodied agents should store; it includes 53 tasks and 4 simulated indoor environments and runs on the Vega 1 Pro dual-arm mobile manipulator. Results show that storing raw camera frames scores 70% and has lower write costs, surpassing text descriptions at 56 to 60%, and adding scene graphs yields the highest overall success rate among all tested models; the protocol was also demonstrated on a real Vega 1 Pro with two memory-retrieval demonstrations completed using a SLAM map and a head camera.
Industry News
Unitree's market value retraces nearly 70%; Wang Xingxing admits at the CIIF that he did not believe in AI enough
Less than two months after its listing, Unitree Technology's share price has fallen from a high of 1,237 yuan to around 420 yuan, wiping out more than 270 billion yuan in market value, with a maximum drawdown of nearly 70%. Founder Wang Xingxing said on October 12 at the Shanghai China International Industry Fair (CIIF) that his biggest mistake over the past decade-plus was not believing in AI enough, and offered a prediction that the robot era could see an inflection point in as soon as one to two years; Unitree is building a physical AI self-evolution system, and the stock closed up 3.64% the day after his remarks.
OFweek RoboticsSource ↗
Paper Research
Dexmate and CMU release the MeMoREval benchmark: for robots, storing camera frames beats text descriptions
Dexmate and CMU have introduced the MeMoREval benchmark, which uses a two-stage protocol of experiencing first and asking questions later to evaluate what memory embodied agents should store; it includes 53 tasks and 4 simulated indoor environments and runs on the Vega 1 Pro dual-arm mobile manipulator. Results show that storing raw camera frames scores 70% and has lower write costs, surpassing text descriptions at 56 to 60%, and adding scene graphs yields the highest overall success rate among all tested models; the protocol was also demonstrated on a real Vega 1 Pro with two memory-retrieval demonstrations completed using a SLAM map and a head camera.