Apptronik Secures $350 Million To Rival Tesla In Humanoid Robotics, With Google On Board

by THEFUTURE.TEAM

February 18, 2025

In a significant leap towards scaling its humanoid robotics ambitions, Apptronik has announced a $350 million Series A funding round, with Google joining as a key investor. This infusion of capital comes as the Texas-based robotics company accelerates the development of its AI-powered robots designed for industrial and future home applications.

A Giant Leap For Humanoid Robotics

Apptronik, founded in 2016, is positioning itself as a formidable competitor to Tesla in the humanoid robotics sector. The company’s latest robot, Apollo, is designed to tackle industrial tasks, and the new funding will help expand its capabilities to areas like manufacturing and healthcare. CEO Jeff Cardenas emphasized that the goal is to make robots versatile enough to integrate into daily life, eventually offering them at a price point lower than a car.

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“We’re at the point where AI-powered robots are becoming much more adaptable,” Cardenas said. “We’re scaling them up for industry now, but the ultimate aim is to bring them into homes in the future.”

Building A Future With Industry Leaders

Apptronik’s robotics development has garnered attention from major players like NASA and Nvidia. The company has already developed 15 robotic systems, including NASA’s humanoid robot Valkyrie. In a direct challenge to Tesla’s Optimus robot, Apptronik is working on its ninth iteration of humanoid robots, refining its design to make them increasingly affordable.

“Robots will eventually cost less than a car, and we’re working to make that a reality,” Cardenas added. The company’s collaboration with Google DeepMind is focused on enhancing the AI driving these robots, further improving their capabilities.

A Race To The Top

With this round of funding, Apptronik is making a clear statement: it’s in direct competition with Tesla and other tech giants in the humanoid robotics race. Goldman Sachs forecasts the global humanoid robot market could reach $38 billion by 2035, a testament to the industry’s potential.

“I believe we’re right in the race, and our investors are backing us because they see a real shot at success,” Cardenas concluded, reflecting the optimism surrounding Apptronik’s place in the robotics revolution.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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