April 12, 2024

Joy ride

Hi there,

Here is this week in charts.

Today, we're going to take a look at how AI is driving transformation in the automotive industry. Buckle up.

This Week In Charts

auto production and assembly highlight-1

Off the chain. Rapid AI development is disrupting every stage of the automotive value chain — from R&D to the aftermarket. Take production and assembly as an example. The rise of generative AI has had an impact across the production process, as it is not only helping humanoid robots learn how to complete complex tasks more quickly but also powering manufacturing copilots that can augment the efforts of human workers. Learn more in this free, 19-page report.

manufacturing ai copilot headcount growth

Growth spurt. These AI-enabled auto production tools are rapidly gaining momentum. Zooming in on manufacturing AI copilots reveals significant activity at the earliest fundraising stages. Nearly 3 in 4 companies in the space are early-stage — and the top 3 early birds (by total funding) have watched their headcounts climb over the past 2 years. CBI customers can dive deeper in our early-stage manufacturing report.

Mind the gap. So why exactly are manufacturing AI copilots taking off now? They can address an impending labor shortage in manufacturing, as this CB Insights Scouting Report on Retrocausal reveals. Retrocausal, founded by Microsoft alums, focuses on providing live guidance to assembly operators, engineers, and operations managers. The lack of skilled labor across the sector is expected to result in millions of unfulfilled manufacturing jobs by 2030 — but these tools could help workers level up quickly to fill the gap. CBI customers can explore other market drivers in the full scouting report.

The +1

Gray skies. Put these charts in the bin.

I love you.

Anand

@asanwal

P.S. Believe it or not, digital health funding surged in Q1'24. Our analysts are going to dive into the exceptional quarter on April 30, and they want you to join them.