general-purpose AI AI News & Updates

Physical Intelligence Raises $1B to Build General-Purpose Robot Foundation Models

Physical Intelligence, a two-year-old San Francisco startup valued at $5.6 billion, is developing general-purpose foundation models for robots similar to ChatGPT for language. The company has raised over $1 billion and operates without providing investors a commercialization timeline, instead focusing purely on research and cross-embodiment learning that allows robots to transfer knowledge across different hardware platforms. Founded by UC Berkeley and Stanford robotics researchers alongside former Stripe employee Lachy Groom, the company faces competition from Skild AI, which has already deployed commercially and raised $1.4 billion at a $14 billion valuation.

Skild AI Raises $1.4B at $14B Valuation for General-Purpose Robot Foundation Models

Skild AI, a startup founded in 2023, has raised $1.4 billion in a Series C round led by SoftBank, valuing the company at over $14 billion. The company develops general-purpose foundation models for robots that can be retrofitted to various robots and tasks with minimal additional training, aiming to enable robots to learn by observing humans.