According to Reuters, robotic AI startup Physical Intelligence secured USD 400 million in early-stage funding from Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital, bringing its valuation to USD 2 billion as of August 30, per PitchBook data.
Physical Intelligence aims to develop a versatile software platform, allowing it to operate across multiple robot types without custom software, Reuters reported. This technology could simplify the development process, making robotic automation more accessible.
Reuters noted that investment in AI and cloud technology has surged, with major tech players like Microsoft, Google, and Amazon contributing to a projected USD 79.2 billion in funding for AI in the U.S., Europe, and Israel by year-end, according to Accel data.
Reuters also reported that Elon Musk recently highlighted expectations for 10 billion humanoid robots by 2040, each priced between USD 20,000 and USD 25,000. Physical Intelligence’s latest research showcases its software’s capability to perform complex tasks like folding laundry and bagging groceries, as stated in a recent paper.
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