""Think of it like ChatGPT, but for robots," co-founder Sergey Levine described the company's ambition, highlighting its focus on creating AI models that can handle various tasks."
"Co-founder Lachy Groom stated, "There's no limit to how much money we can really put to work. There's always more compute you can throw at the problem," emphasizing the company's open-ended funding strategy."
Physical Intelligence, a robotics startup, is in talks to raise approximately $1 billion, increasing its valuation to over $11 billion. This valuation marks a significant rise from $5.6 billion in just four months. Founders Fund and Lightspeed Venture Partners are among the investors involved, alongside returning backers. The company aims to develop general-purpose AI models for robots, with no set timeline for commercialization, indicating a flexible approach to funding and development.
Read at TechCrunch
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