Mentioned:
There’s an artificial intelligence startup with a with a wildly ambitious vision: building brains for robots. And some of the biggest venture capital investors in the world are getting behind it.
What’s happening:
- Physical Intelligence has raised $400M USD in a new funding round
- The round was led by Amazon (NASDAQ: AMZN) founder Jeff Bezos, Thrive Capital and Lux Capital
The big idea:
- Physical Intelligence is aiming to build a first of its kind generalist brain that can be installed into all different types of robotics and leverage artificial intelligence to make decisions, learn new behaviours and follow instructions
- Through building out their own artificial intelligence model, Physical Intelligence is developing a full scale generalist model for physical movement in robots that will enable rapid learning and behaviour adaptation for specific environments or tasks that have unique variables
Why it matters:
- While many startups are building advanced robotics technology for humanoid robots, building out a highly sophisticated artificial intelligence model will allow robots to perform more general tasks and be less limited to only being capable of repeating simple operations
Going deeper:
- Jeff Bezos has been making a big push into robotics and has funded multiple innovative startups, including leading the round for robotics delivery startup Swiss Mile
- OpenAI also participated in the recent financing round for Physical Intelligence through their venture capital arm
The intrigue:
- Robotics technology has also begun to infiltrate the public markets recently, with notable new product launches from companies such as Tesla (NASDAQ: TSLA) and Serve Robotics (NASDAQ: SERV)
