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Plum Ventures' Wu Shichun: The First Half of Embodied Intelligence Is Over; Capital No Longer Pays for Performances

Wu Shichun, founding partner of Plum Ventures, said at the 2026 Financial Street Forum Annual Meeting that AI and embodied intelligence investment have entered the second half, with evaluation criteria shifting from fundraising narratives to delivery results, and the market paying only for products that can truly do work. He proposed that robot deployment requires brain capabilities (including vision models) and solid execution capabilities, with the focus shifting from motion control to replacing human labor in specific scenarios. According to Counterpoint Research data, global humanoid robot shipments grew nearly 300% year over year in the first half of 2026, but the share of research demonstrations fell to 27%.

Part of the event: Wu Shichun: Embodied AI Investment Shifts Toward Delivery Results

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