Jeff Bezos and OpenAI invest in robot startup Physical Intelligence

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Jeff Bezos and OpenAI invest in ****** startup Physical Intelligence

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and

This is the hidden content, please

• Sign In
• or
• Sign Up

CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021.

Reuters

Physical Intelligence, a ****** startup based in San Francisco, has raised $400 million at a $2.4 billion post-money valuation, the company confirmed Monday to CNBC.

Investors included

This is the hidden content, please

• Sign In
• or
• Sign Up

founder Jeff Bezos, OpenAI, Thrive Capital and Lux Capital, a Physical Intelligence spokesperson said. Khosla Ventures and Sequoia Capital are also listed as investors on the company’s website.

Physical Intelligence’s new valuation is about six times that of its March seed round, which reportedly came in at $70 million with a $400 million valuation. Its current roster of employees includes alumni of Tesla,

This is the hidden content, please

• Sign In
• or
• Sign Up

DeepMind and X.

The startup focuses on “bringing general-purpose AI into the physical world,” per its website, and it aims to do this by developing large-scale AI models and algorithms to power robots. The startup spent the past eight months developing a “general-purpose” AI model for robots, the company wrote in 

This is the hidden content, please

• Sign In
• or
• Sign Up

. Physical Intelligence hopes that model will be the first step toward its ultimate goal of developing artificial general intelligence. AGI is a term used to describe AI technology that equals or surpasses human intellect on a wide range of tasks.

The news comes days after OpenAI launched a search feature within ChatGPT, its viral chatbot, that positions the AI startup to better compete with search engines like 

This is the hidden content, please

• Sign In
• or
• Sign Up

, 

This is the hidden content, please

• Sign In
• or
• Sign Up

’s

This is the hidden content, please

• Sign In
• or
• Sign Up

and Perplexity. Last month, OpenAI also closed its latest funding round at a valuation of $157 billion.

Physical Intelligence’s vision is that one day users can “simply ask robots to perform any task they want, just like they can ask large language models (LLMs) and chatbot assistants,” the startup wrote in the blog post. In case studies, Physical Intelligence details how its tech could allow a ****** to do laundry, bus tables or assemble a box.

WATCH: AI’s Open-Source Future

This is the hidden content, please

• Sign In
• or
• Sign Up

#Jeff #Bezos #OpenAI #invest #****** #startup #Physical #Intelligence

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up