Bezos and OpenAI back new robot software

Physical Intelligence, a robot AI startup, has raised $400 million in early funding, attracting high-profile investors like Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital. This latest investment values the startup at $2 billion, underscoring strong interest in AI-driven robotics solutions. Physical Intelligence aims to develop foundational software adaptable across different types of robots, eliminating the need for custom software per specific robotic task.

Global technology giants like Microsoft, Google, Meta, Amazon, and Nvidia are already funnelling billions into AI. Industry estimates from venture capital firm Accel project that AI and cloud tech funding across the US, Europe, and Israel will hit $79.2 billion by the end of 2024. With several startups joining the robotic AI sector, including Vicarious, Universal Robots, and Covariant, competition in this space is intensifying.

Elon Musk recently predicted that at least 10 billion humanoid robots will be available by 2040, with prices ranging from $20,000 to $25,000. His Tesla company showcased the latest Optimus humanoid robot, adding to the anticipation around robotics advancements and automation technologies. Musk’s vision is part of the broader trend pushing the potential for AI-powered robots in everyday life.

Physical Intelligence recently demonstrated its innovative software, named π0, or pi-zero, showing its flexibility by enabling robots to carry out complex household tasks like folding laundry, bagging groceries, and retrieving toast from a toaster. This achievement highlights the startup’s strides toward building a universal robot software platform, with potential impacts on industries from home automation to logistics.