Laundry-Folding Robotics Company Attracts $400M From Jeff Bezos and OpenAI [CNET News]
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Source: CNET News
Physical Intelligence, which launched earlier this year, recently raised $400 million in funding -- at a valuation of $2 billion -- from a handful of notable investors, including Amazon founder Bezos, OpenAI and venture capital firms Thrive Capital and Lux Capital. With this backing, Physical Intelligence aims to push the boundaries of household robotics by developing machines capable of handling a diverse array of domestic tasks. The New York Times first reported the funding news. On its website , the company says its mission is to bring general-purpose AI into the physical world as its scientists and roboticists continue to develop foundation models and learning algorithms to power existing and future robots. The latest funding intends to support the development of software aimed at improving robot's adaptability to new tasks. The company did not immediately respond to a request for elaboration. It comes at a time when Big Tech companies, including Microsoft, Google and Met
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