Goldman Sachs Raises Physical AI Forecast Fivefold

In its 80-page report “Physical AI,” Goldman Sachs raised its humanoid robot production forecast nearly fivefold — to 6.5 million units by 2035, with a market size of about $138 billion, up from the previous ~1.4 million units and $38 billion.

Compiled by Sergey KostenchukPublished 2026-09-20Updated 2026-09-20

2026-09-20 Business NVIDIA

💼 Goldman Sachs Raises Physical AI Forecast Fivefold

In its new report “Physical AI,” the bank expects 6.5 million humanoids by 2035, up from ~1.4 million, with a $138 billion market (previously $38 billion). Milestones: 75,000 units in 2026 and 890,000 by 2030; starting with warehouses and logistics, then the automotive industry.

🌍 Capital spending is shifting from data centers to physical AI: each humanoid contains $3,000–$6,000 worth of chips (up to $19.5–$39 billion annually). NVIDIA is expanding Omniverse, Cosmos, Isaac, and Jetson, while Tesla is preparing Fremont for Optimus.

👤 Embodied AI researchers are seeing increased funding for simulation and synthetic data. However, this is a demand projection, not an assessment of capabilities; the risk is a voluntary pause by AI developers due to safety concerns.

Source 1: https://www.goldmansachs.com/what-we-do/investment-banking/insights/articles/harnessing-ai-for-the-real-economy

Source 2: https://finance.yahoo.com/technology/ai/articles/goldman-sachs-just-supercharged-humanoid-135551371.html

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