OpenAI and Jeff Bezos Boost Physical Intelligence to $2B Valuation with $400M

OpenAI, Jeff Bezos and other major investors have invested $400 million in physical intelligence, raising its valuation to $2 billion for AI robotics innovation.

Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital have contributed $400 million in seed funding to the robot AI startup Physical Intelligence. Thanks to this latest investment, the startup is now worth $2 billion, which shows how much people are interested in AI-driven robotics solutions.

Physical intelligence aims to develop fundamental software that various types of robots can utilize. This way, there will be no need for special software for each robot task.

Big names in tech like Microsoft, Google, Meta, Amazon, and Nvidia are already investing billions of dollars in AI. Accel, a venture capital firm, says that by the end of 2024, investors in the US, Europe, and Israel will have put $79.2 billion into AI and cloud tech.

As more startups, like Vicarious, Universal Robots, and Covariant, get into the robotic AI market, the competition is getting tougher.

Elon Musk recently said that by 2040, at least 10 billion humanoid robots will be on the market, with prices ranging from $20,000 to $25,000.

Tesla Unveils Optimus Robot

His Tesla company showed off the newest humanoid robot, Optimus, which added to the excitement about robotics and automation technologies. Musk’s ideas are part of a larger movement that is pushing the limits of what AI-powered robots can do in everyday life.

Physical intelligence recently showed off its new software, called π0, or pi-zero. The software demonstrated its flexibility by enabling robots to perform complex household tasks such as removing toast from the toaster, folding laundry, and bagging groceries.

This accomplishment shows how far the startup has come in its efforts to create a software platform for all robots. This could have effects on many fields, from home automation to logistics.