Physical Intelligence, a robotics AI software startup, is in funding talks that could value the company at nearly $20 billion, according to a Techub News brief citing Bloomberg. The figure would represent almost a doubling from its previous valuation. The company focuses on building artificial intelligence software designed to help robots carry out tasks in the physical world. No other financing terms were disclosed in the brief. The report points to continued investor interest in companies developing software for real-world robotic applications, though the available source material does not provide details on the size of the round, participating investors, or timing for a deal.
Physical Intelligence, a robotics AI software startup, is in funding talks that could value the company at nearly $20 billion, according to a Techub News brief that cited Bloomberg.
The reported valuation would be almost double the company’s previous valuation. Physical Intelligence develops artificial intelligence software aimed at enabling robots to perform tasks in the real world.
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