Silicon Valley threw a hot robot party, and the clankers were M.I.A.

At the Actuate robotics conference in San Francisco, data vendors outnumbered hardware companies, highlighting a shift in the industry. Despite surging funding for physical AI, the event featured few actual robots. FCC restrictions are squeezing the robotics industry, which still relies on Chinese hardware. The conference attracted 1,500 investors, founders, and engineers, reflecting growing interest in robotics as a top tech investment.

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