Physical Intelligence, a San Francisco start-up company in the United States, recently announced the completion of US$400 million in financing, with a later valuation of US$2.4 billion, attracting industry attention. This round of financing attracted the participation of well-known investors such as Amazon founder Jeff Bezos, OpenAI, Thrive Capital and Lux Capital, showing the market's great confidence in its future development prospects. The editor of Downcodes will explain this incident in detail for you.
Bond Capital also participated in the investment, and Khosla Ventures and Sequoia Capital are also among its investors, according to a company spokesperson. The company’s latest valuation is six times higher than its seed round in March ($70 million, valued at $400 million), which shows the market’s high recognition of its prospects. Physical Intelligence's team of employees is made up of working experts from well-known companies such as Tesla, Google DeepMind and X.
Picture source note: The picture is generated by AI, and the picture authorization service provider Midjourney
Physical Intelligence is committed to bringing general artificial intelligence into the physical world, with the goal of developing large-scale artificial intelligence models and algorithms to drive robotics. Over the past eight months, the company has focused on developing a "general" artificial intelligence model for robot operations, which would be its first step toward artificial general intelligence (AGI). AGI refers to artificial intelligence technology that can rival or surpass human intelligence on a variety of tasks.
This news comes recently as OpenAI has just launched a new search feature aimed at improving the competitiveness of its ChatGPT chatbot with search engines such as Google, Microsoft Bing and Perplexity. Last month, OpenAI also completed its latest round of financing, with a valuation reaching US$157 billion.
Physical Intelligence's vision is that in the future users can command robots to perform various tasks as easily as they use large language models (LLMs) and chat assistants. The company showed off examples on its blog of how its technology could allow robots to complete tasks such as laundry, cleaning tables or assembling boxes.
Physical Intelligence’s huge funding and its ambitions in the field of robotics herald the booming application of artificial intelligence technology in the physical world. Its goal is to apply AGI technology to bring more possibilities to future smart life. We'll wait and see how Physical Intelligence achieves its ambitious goals and leads a new chapter in artificial intelligence technology.