Physical Intelligence, a startup founded in 2024 by AI researchers, is in talks to raise $1 billion at an $11 billion valuation. The company, which includes former Google DeepMind scientists among its founders, focuses on developing cutting-edge AI models for robotics applications. This funding round follows a previous fundraise just four months ago and may see participation from existing investors Thrive Capital and Lux Capital. Reports suggest that Founders Fund is likely to join the round, while Lightspeed Venture Partners is also in discussions to invest.
This significant investment indicates growing confidence in the potential of advanced AI technologies in the field of robotics. With a team of experienced AI experts, Physical Intelligence aims to push the boundaries of robotic capabilities, leveraging state-of-the-art AI algorithms and machine learning techniques.
Source: Tech-Economic Times