The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 21 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Farid: Programming accounts for under 5% of Formic's robot deployment costs
“From the hundreds of robots that we've deployed today, less than five percent of my deployment cost is programming the robot to do the thing.”
Farid: Robot Form Factor Is Irrelevant if Software Properly Abstracts Motion Control
“To be honest, like the form factor is kind of irrelevant because in all of these types of robots that you're talking about, you have a couple of motors and some motion control, right? Like it's actually if you can abstract away the software enough, like all of…”
Farid: Moving heavy loads at speed is physically impractical for humanoid robots
“If you're picking up a 50 pound box with one of those robots, like it's very likely to tip over pretty easily. Like you need, and if you want to move at any kind of speed, right? Because if you take a 50 pound box and you move it at, you know, five miles an ho…”
Farid: China has a huge advantage over US startups in vertical robotics integration
“Like the Chinese, like, I think this is a place where China has a huge advantage compared to like a lot of the American startups like Unitree, for example, which I'm sure you guys have seen those videos, like they have built an entire team to build actuators a…”
Farid: US factories run under 2,000 hours annually versus 7,500 in China
“The typical utilization rate of a factory in America is less than 2000 hours a year. This, the comparable number in China is 7500 hours a year, right? Like there's 8700 possible production hours in a given year. The vast majority of American factories are sitt…”
Farid: Getting a robot to work is only 10% of robotics deployment
“Getting a robot to do a job is 10% of the work. 90% of the work is like, how do you do error handling and how do you solve all of the shit that happens after you deploy that robot?”
Farid: Custom engineering represents 70% of industrial robotics costs
“The interesting thing though, is if you break down that cost about s, 30% of that cost is the hardware itself, right? Like the robot arm and the conveyors and that kind of stuff. 70% of the cost is all the custom engineering that you typically have to pay for.…”
Farid: Humanoids Face Severe Maintenance Hurdles Due to Having 30 to 50 Motors
“Like a six axis robot has six motors a humanoid, most of these humans that we've seen have something like 30 to 50 motors, right? And so just, you're just talking about like the wear on the motor, we have to go out and lubricate these joints and replace motors…”
Farid: Formic's robots produce all the nachos for Chipotle
“We make all the nachos for Chipotle and dog food and cat food and laundry detergent.”
Farid: CPG manufacturing stays domestic because low margins make ocean shipping unprofitable
“Because CPG products are generally low value and low margin, it's not worth it to ship them across the ocean. So a lot of that is actually happening domestically.”
Farid: Six-Axis Robot Arms Represent Vast Majority of Factory Automation Use Cases
“Articulated six axis robot arms are still the vast majority of use cases, right?”
Farid: Manufacturing automation has lower technical complexity than logistics
“If you move to manufacturing, like you have a lot more consistency because every production line is kind of making the same part or the same product at relatively higher rate. And so the technical complexity is lower, but the operational complexity is higher.”
Farid: VLA models are too slow for commercial robotics but will improve
“The problem today is that they're just generally too slow for us to be able to use them in a kind of commercial setting, but I think that'll get better in the next few years.”
China deployed 400,000 robots last year versus 30,000 in the US
“Like in China right now last year, there were about 400,000 robots deployed in the entire U S we had about 30,000 robots deployed. So less than a 10th.”
Farid: Cultural risk aversion is biggest barrier to US robotics adoption
“To be honest, like the biggest barrier to adoption of robotics in America is like, it's a cultural change, right? Like these factory owners, a lot of these are third generation businesses, right? They've been passed down Or they're kind of private equity owned…”
Farid: US has offered automation subsidies and 50% matching grants for a decade
“Like similar to what China does actually in the U S we've had subsidies for small, medium sized factories for the last 10 years to buy automation equipment. Right. There, there's accelerated depreciation. A lot of states have matching grants, where if you buy …”
State automation grants sit undeployed because factories lack expertise, Farid says
“Like, when we talk to the states, most of them say, like, we can't give out these grants. Like, nobody's using it because people don't know what to buy. They don't know how to buy it. And once they buy it, they're like, they can't handle the responsibility of …”
Farid: Formic has deployed hundreds of robots across over 100 US factories
“We have hundreds of them across more than a hundred factories now in the U S that are using our robots to produce all kinds of products.”
Farid: There are 250,000 factories in the United States
“We do have 250,000 factories in America that are making all kinds of products, so they exist.”
Farid: CPG factories operate 20-24 hours daily versus six for metal fabrication
“The typical CPG factory actually runs 20 to 24 hours a day in Things like metal fabrication, like parts of factories that make metal parts for aerospace and automotive, they typically run, you know, eight hours a day of production, but actually only like six h…”
Farid: The world's largest industrial robot makers are not American
“The biggest robot companies in the world are all not American, right? So FANUC is Japanese. They're one of the biggest ones. KUKA used to be a German company. It got acquired by a Chinese company ABB Yaskawa you know, Mitsubishi, you know, there's a bunch of t…”