Sources: Physical Intelligence, which is developing AI models for robotics, is discussing a new funding round of about $1B that would value it at $11B+ (Bloomberg)
Why it matters: This massive funding round signals surging investor confidence in AI-powered robotics.
- Physical Intelligence is developing advanced AI models specifically for robotics (Bloomberg).
- The company is reportedly discussing a new funding round of around $1 billion (Bloomberg).
- This potential investment would value Physical Intelligence at more than $11 billion (Bloomberg).
- The startup was founded by AI academics and former Google DeepMind researchers (Bloomberg).
- TechCrunch highlights that this is not the first time Physical Intelligence has been in talks to raise a substantial amount, noting it as 'again'.
Physical Intelligence, a two-year-old robotics startup founded by AI academics and former Google DeepMind researchers, is reportedly in discussions to raise a new funding round of approximately $1 billion, which would value the company at over $11 billion. This marks another significant funding push for the company, as noted by TechCrunch.
