Physical Intelligence, an artificial intelligence company in San Francisco, recently announced that it has completed a $400 million financing, causing its valuation to soar to $2.4 billion, with an impressive growth rate. This round of financing attracted many heavyweight investors including Amazon founders Bezos, OpenAI, Thrive Capital and Lux Capital, showing the market's high recognition of its technology and future prospects. The company's team members are all from technology giants such as Tesla, Google DeepMind and X. They have rich experience and technical strength, providing a solid foundation for their development. This huge financing will further promote the company's research and development and application in the field of artificial intelligence, bringing new breakthroughs to robotics technology.
Physical Intelligence is committed to applying general-purpose artificial intelligence to the physical world, with the goal of developing general-purpose artificial intelligence models and algorithms that can drive robotics technology. They are developing a "universal" artificial intelligence model as the first step towards artificial universal intelligence (AGI) to enable users to easily direct robots to complete tasks like using large language models, such as washing laundry, cleaning dining tables or Assemble boxes, etc. The company's recent success echoes the active development of other AI giants such as OpenAI in the industry, and jointly promotes the rapid development and application of artificial intelligence technology in various fields.
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According to a company spokesperson, Bond Capital was also involved in the investment, and Khosla Ventures and Sequoia Capital are also on their investor list.
Physical Intelligence's latest valuation is six times higher than its seed round in March. At that time, the company completed a seed round of financing of $70 million and was valued at $400 million. This impressive growth demonstrates the market's high recognition of its prospects. The company's staff team consists of experts who have worked in well-known companies such as Tesla, Google DeepMind and X.
Physical Intelligence is committed to introducing general-purpose AI into the physical world with the goal of developing large-scale AI models and algorithms to drive robotics technology. Over the past eight months, the company has focused on developing a "universal" artificial intelligence model for robotic operations. This model will be its first step towards artificial universal intelligence (AGI). AGI refers to artificial intelligence technology that can rival or surpass human intelligence in a variety of tasks.
Recently, the news comes as OpenAI just launched a new search feature aimed at enhancing 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 of US$157 billion.
Physical Intelligence’s vision is that future users can easily direct robots to perform various tasks like using large language models (LLMs) and chat assistants. The company has shown some cases in its blog showing that its technology allows robots to complete tasks such as laundry, cleaning tables or assembling boxes.
Key points:
Physical Intelligence successfully raised US$400 million and its later valuation reached US$2.4 billion.
Investors include Jeff Bezos, OpenAI and several venture capital companies, with strong employee teams.
The company is committed to developing general artificial intelligence models to realize a variety of functions and applications of robots.
The successful financing and high valuation of Physical Intelligence indicate that the application of general artificial intelligence in the field of robots will usher in rapid development. Its technological innovation and strong team background make it one of the most promising companies in this field, and future developments are worth looking forward to.