Jeff Bezos and OpenAI  contributes $400 million to the robot AI business Physical Intelligence

A business called Physical Intelligence, which specializes in creating basic software for robots, revealed on Monday that it has raised $400 million in its first round of funding. Prominent investors in the investment round included OpenAI, Jeff Bezos, the founder of Amazon, and venture capital giants Thrive Capital and Lux Capital. According to PitchBook, the company is now valued at an astounding $2 billion after this investment.

The business aims to eliminate the requirement for custom software for specific robotic activities by developing software that can be used with a variety of robots. This creative method could establish a new benchmark for the robotics sector, allowing for more adaptable and effective automation. In an effort to capitalize on developments in artificial intelligence, tech behemoths Microsoft, Google, Meta, Amazon, and Nvidia have increased their investments.

The endeavors of Physical Intelligence are a part of an expanding trend in the field of AI-driven robotics. Other notable businesses in this field are Vicarious, which was purchased by Alphabet-owned Intrinsic in 2022, Universal Robots, Seegrid, and Covariant.

Elon Musk has also emphasized the quick development of robotics, projecting that by 2040, at least 10 billion humanoid robots, each costing between $20,000 and $25,000. The industry’s growth was shown when Tesla recently unveiled the most recent iteration of its Optimus humanoid robot at the Robotaxi event.

Physical Intelligence released a report last week that described the capabilities of its main program, π0, also referred to as pi-zero. The software showed off its adaptability and promise to transform daily automation by demonstrating a variety of intricate activities carried out by robots, such as folding laundry, bagging groceries, and getting toast out of a toaster.