His report suggests these robots will help with housework and care for elderly people. They'll work alongside humans in everyday tasks.American and Chinese companies lead this development. Tesla and Boston Dynamics work on projects in the US, while UBTECH and Unitree advance robot technology in China.Several challenges remain before widespread adoption. Companies must make robots safer, more affordable, and socially acceptable.Falling component costs and better AI technology could speed up robot development. This might help overcome current barriers.Diamandis sees robots becoming essential household members. He believes the next few years will bring major advances in robotics.