Physical Intelligence, a Specialist in Robot A.I., Raises $400 Million
Published On Nov 4, 2024, 7:38 AM
Physical Intelligence, a start-up focusing on developing advanced A.I. software for robots, has successfully raised $400 million in funding from prominent investors including Jeff Bezos and OpenAI. This latest round values the company at $2 billion and indicates strong support for its goal of creating a versatile robot control system. The software it has developed, known as π0 (pi-zero), enables robots to perform a variety of tasks, suggesting a promising future in the crowded robotics A.I. field.
Stock Forecasts
BOTZ
Positive
The investment from influential figures like Jeff Bezos and firms like Thrive Capital indicates strong confidence in the growth potential of Physical Intelligence. As automation and A.I. technologies become more integral across various industries, companies with foundational A.I. capabilities could see substantial market interest and valuation growth.
Related News
For tech bulls a troubled AI trade is a buying opportunity
Sep 6, 2024, 6:00 AM
A harsh September season and regulatory rumblings have prompted louder invitations to get in on Nvidia.