<ul><li>GS Futures invests in physical AI as a technology thesis for the future of the built world.</li><li>Chinese manufacturers focus on open API connectivity, while North American manufacturers prioritize proprietary software and robust features.</li><li>The Building and Construction Authority (BCA) in Singapore offers partial subsidies for technology pilots to reduce friction in adopting new technology.</li><li>The competitive advantage in the construction and real estate industry is temporary due to fragmented markets and reliance on direct labor and physical location.</li></ul>

Observations from Southeast Asia

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