Jeff Bezos has poured millions of dollars into a robotics AI startup named Physical Intelligence, according to a report by The New York Times. The AI specialist company has raised a whopping $400 million in funding from major investors. The fundraising was led by the Amazon founder along with the venture capital firms Thrive Capital and Lux Capital. Other major investors participating in the round include OpenAI, Redpoint Ventures, and Bond. The recent funding round placed the company’s valuation at approximately $2 billion before accounting for the latest investments.
At Physical Intelligence (π) our mission is to bring general-purpose AI into the physical world.
We're excited to show the first step towards this mission – our first generalist model π₀ 🧠 🤖
Paper, blog, uncut videos: https://t.co/XZ4Luk8Dci pic.twitter.com/XHCu1xZJdq
— Physical Intelligence (@physical_int) October 31, 2024
Bezos is betting big on the AI revolution. The billionaire has made several recent investments in artificial intelligence, notably in robotics and AI-driven search. He funded the development of humanoid robots at Figure AI – a company focused on building robots with advanced physical capabilities for settings like warehouses and retail.
Several months ago, he also invested millions in a Swiss company that makes AI-powered robot dogs with wheeled legs. Furthermore, Bezos invested in Perplexity AI, a search platform that uses generative AI to rival traditional search engines.
Founded this year, Physical Intelligence is focused on developing foundation models and machine-learning software to bring general-purpose artificial intelligence (AI) into physical applications. What that means is instead of making robots or creating task-specific software for specific machines, the company is developing algorithms that can make any robot carry out any task by training itself from real-world data. “What we’re doing is not just a brain for any particular robot,” said Karol Hausman, the company’s co-founder and chief executive. “It’s a single generalist brain that can control any robot.” The startup recently uploaded multiple videos of robots powered by their AI software π0 (pi-zero) carrying out basic tasks such as folding laundry, making coffee, and clearing a table.