Atlas Demonstrates How Deep Technology Survives

In this year's global AI robot boom, the humanoid robot Atlas is undoubtedly the brightest star. However, the American robotics company behind it, Boston Dynamics, has never achieved sustained profitability since its founding in 1992, and has repeatedly faced capital impairment issues. Even after Hyundai Motor Group acquired it for approximately $1.1 billion in 2021, the company's accumulated losses over the past four years have still exceeded 1.2 trillion won.

The Lee Jae-myung administration in South Korea recently launched a startup selection program and declared its intention to build South Korea into an entrepreneurial society. This move is undoubtedly a positive step towards fostering an entrepreneurial boom, but we should not overlook the fact that the growth of world-class hardcore technology has never relied on glamorous events, but rather on patient capital willing to tolerate failure, and the institutional support system that makes this patience possible.

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