MKC Invest backs robotics as physical AI takes off

This follows a four-week internal research project on robotics.  The firm frames the opportunity as physical AI, the application of artificial intelligence to machines that act in the world, as distinct from the generative AI that has driven markets over the past two years. On MKC Invest's reading: "the generative phase has had its explosion, and the physical application of AI is the next structural shift worth positioning for". The research favours the "picks and shovels", the component makers and enablers that supply the sector, over a bet on which manufacturer wins the race to b...