• Pantera Capital expects US robotics software leadership to persist, with investment opportunities concentrated in data intelligence rather than collection capacity alone.
• China’s hardware dominance should endure; its manufacturers accounted for over 90% of global humanoid production in 2025.
• Chinese robotics software trails overseas competitors by at least one to two years, while short-term revenue pressures discourage foundational research.
• Robotics foundation models face commoditization risk, shifting competitive advantage toward deployment, post-training and high-quality data curation.
• Higher Western labor costs support stronger automation economics; Chinese humanoids remain largely confined to entertainment and other low-value commercial uses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pantera Capital Management LP published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.