Physical Intelligence, a San Francisco-based startup developing core software for robotics, has raised $400 million at a valuation of $2.4 billion, according to CNBC. This investment significantly elevates the company’s valuation, which was just $400 million during its previous funding round in March, marking a sixfold increase.
Among the investors are notable names such as Amazon founder Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital. Bond Capital also announced its backing, while Khosla Ventures and Sequoia Capital are listed as investors on the startup’s website. Physical Intelligence has a team that includes former employees from Tesla, Google DeepMind, and X, bringing together experts focused on integrating artificial general intelligence (AGI) into practical applications for robotics.
Advancing Toward Artificial General Intelligence
Over the past eight months, Physical Intelligence has focused on developing a versatile AI model for robotics, a crucial step toward its goal of AGI. The startup envisions a future where users can request tasks from robots as naturally as they interact with large language models or chatbots today. The company demonstrates this potential in its research, showing how its technology enables robots to handle everyday tasks like washing clothes, cleaning surfaces, and folding boxes.
The company’s work is part of a broader vision to create an AI system that can perform at or above human-level intelligence across various tasks. We’ll keep you updated on Physical Intelligence’s progress as it moves closer to realizing this ambitious goal.
Competitive Landscape in the AI Industry
NIXsolutions reminds that OpenAI recently added a search feature to its ChatGPT, strengthening its competitive edge against search engines like Google, Microsoft Bing, and Perplexity. OpenAI also closed its latest funding round last month at an impressive valuation of $157 billion, further underscoring the increasing investment and interest in AI capabilities across industries.