Jeff Bezos Open AI Back robotics start up Physical Intelligence has secured Dollar 400 million in funding reaching a post-money valuation of Dollar 2.4 billion

San Francisco-based robotics startup Physical Intelligence has secured $400 million in funding, reaching a post-money valuation of $2.4 billion, the company confirmed on November 4 according to a detailed report by CNBC.

The round was led by a prominent group of investors, including Amazon founder Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, and Bond Capital.

Khosla Ventures and Sequoia Capital also participated, marking a significant boost for the startup's ambitious vision the CNBC report detailed further.

This new funding round is a dramatic leap from Physical Intelligence's previous seed round in March, when the company raised $70 million at a valuation of $400 million.

The startup's impressive growth and increasing valuation reflect the growing interest in developing robotics powered by advanced AI, particularly in the realm of general-purpose, task-oriented robots.

Objective of Physical Intelligence

Physical Intelligence aims to bring "general-purpose AI into the physical world" by developing AI models and algorithms capable of powering versatile robots.

The company's team includes experts with backgrounds from top tech firms such as Tesla, Google DeepMind, and X (formerly Twitter), adding significant credibility to its mission.

Further, over the past eight months, Physical Intelligence has focused on creating a "general-purpose" AI model that can enable robots to perform a variety of tasks.

The company sees this as a crucial step toward its long-term goal of achieving artificial general intelligence (AGI), AI that can match or exceed human cognitive abilities across a wide range of activities.

The company's vision is that, in the future, users will be able to ask robots to perform any task in much the same way they currently interact with large language models (LLMs) like ChatGPT. Physical Intelligence has already demonstrated how its technology could enable robots to perform everyday tasks such as doing laundry, clearing tables, or assembling boxes, tasks that typically require human ability, decision-making, and adaptability.

The investment news arrives shortly after OpenAI's recent updates to its ChatGPT platform, which introduced a search feature aimed at better competing with major search engines like Google and Microsoft's Bing.

The move signals a continued push by OpenAI to expand its reach beyond chatbots and into broader AI applications.

Last month, OpenAI closed another funding round, which valued the company at a staggering $157 billion.

Physical Intelligence's growth mirrors this trend, positioning the startup as a potential key player in the robotics and AI sectors.

The company's focus on developing scalable AI solutions for robots aligns with the growing interest in automation and AI-driven technologies across industries, from manufacturing to personal assistants.

The fresh capital and high-profile backing suggest that Physical Intelligence could be on track to revolutionize how robots integrate into everyday life, bringing us closer to a future where robots perform complex tasks seamlessly alongside humans.

As the field of AI-driven robotics evolves, the company's advancements could play a crucial role in shaping the next generation of intelligent machines.