OpenAI CEO Sam Altman attends the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland, January 18, 2024 (left), and Amazon CEO Jeff Bezos speaks at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland Speech, UK, November 2, 2021.
Reuters
Physical Intelligence, a San Francisco-based robotics startup, confirmed to CNBC on Monday that it has raised $400 million in funding, valuing it at $2.4 billion post-money.
including investors Amazon A spokesman for Physical Intelligence said founder Jeff Bezos, OpenAI, Thrive Capital and Lux Capital. Khosla Ventures and Sequoia Capital are also listed as investors on the company’s website.
Physical Intelligence’s new valuation is about six times its March seed round, which reportedly valued the company at $400 million at $70 million. Its current staff list includes alumni Tesla, Google DeepMind and X.
According to its website, the startup is focused on “bringing general artificial intelligence into the physical world,” and it aims to do so by developing large-scale artificial intelligence models and algorithms to power robots. The startup spent the past eight months developing a “universal” artificial intelligence model for robots, the company writes in the book a blog post. Physical Intelligence hopes the model will be a first step toward its ultimate goal of developing general artificial intelligence. AGI is a term used to describe artificial intelligence technologies that equal or exceed human intelligence on a wide range of tasks.
A few days ago, OpenAI launched a search feature in its viral chatbot ChatGPT, which allows the artificial intelligence startup to better compete with search engines such as Google, Microsoft’s Bing and Perplexity. Last month, OpenAI also completed its latest round of financing, with a valuation reaching $157 billion.
The vision for Physical Intelligence is that one day users can “simply ask a robot to perform any task they want, just like they can ask large language models (LLMs) and chatbot assistants,” the startup wrote in a blog post ”. In case studies, Physics Intelligence details how its technology allows robots to do laundry, set up bus tables or assemble boxes.
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