Shares of Faraday Future Intelligent Electric (FFAI) were 21% higher in pre-market trading today as it hailed rising demand for its soccer-playing, hotel concierge and gym-buddy humanoid robots.
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First Delivery Progress
The company’s EAI robots include humanoid versions – the Futurist and Master – which on the company’s website are seen working as a hotel concierge, playing soccer with a family and even as a personal trainer in the gym. The quadruped FX Aegis robot is designed for companionship and security such as night-time patrols in the garden.
In a weekly business update from founder and global co-CEO YT Jia, he said that the company had shipped 12 more Embodied AI (EAI) Robots.
“We are making steady progress toward our target of 200 units in our first delivery quarter,” he said. “Every robot we deliver means one more EAI brain and one more real-world data node being activated. This helps speed up the evolving flywheel of “Device-Data-Brain.” We are confident that, as Aegis completes Federal Communications Commission (FCC) certification and as more benchmark use cases are deployed and refined, the ramp-up speed in our first delivery quarter will continue to accelerate. Our users, business partners, and investors are all looking forward to scaled deliveries of our EAI robotics products.”
Robot Teachers
He also highlighted its plans to build the first scaled EAI education ecosystem in the United States. “This reflects our first-mover advantage as the first U.S. company to deliver both humanoid and bionic robots, and the first to systematically expand into the education market. We strongly believe that the education market for humanoid and bionic robots is about to enter a breakout stage,” he said.
Indeed, the company is building an education AI platform for both family education and schools. “What we are building is an integrated ecosystem centered on hardware access, the EAI brain, AI course content, teacher training, learning-environment services, and young developer leaders. That is also why I plan to purchase four FF EAI robots for my children, one Master and one Aegis for Ke’er and Le’er my daughters, and another Master and Aegis for my son,” he explained.
Is FFAI a Good Stock to Buy Now?
Given the lack of Wall Street analyst coverage of FFAI stock, let’s look at how the share price has performed over the last three months. As can be seen below, it is down 70% over that period.
