Ark Invest's Cathie Wood Predicts Rapid Robotaxi Market Shift As Waymo Gains On Lyft In San Francisco - Alphabet (nasdaq:goog), Alphabet (nasdaq:googl)
Cathie Wood, CEO of ARK Invest, suggests Tesla Inc.'s entry into the robotaxi market could trigger a swift transformation of the ride-hailing industry, pointing to Alphabet Inc. subsidiary Google-backed Waymo's recent success in San Francisco as evidence. read more.
Happyrobot Raises $15.6M Series A Funding
SAN FRANCISCO, CA, HappyRobot, a pioneer in AI-powered voice solutions for the logistics sector, announced it has secured $15.6 million in Series A funding.
Pickle Robot Closes $50M Series B Funding
CAMBRIDGE, MA, Pickle Robot Company, a pioneer in Physical AI delivering robotic automation systems that unload trucks, announced it has raised $50 million in series B funding.
From Bezos To Zuckerberg, Here Are The Ultrarich Investing In Robots
Amazon founder Jeff Bezos recently invested in a robotics startup — and he's not the only billionaire putting money into the sector. Bezos has invested in Physical Intelligence, which is working on software that'd allow robots to perform tasks like folding laundry, bagging groceries, and clearing tables. The startup announced earlier this month it has raised $400 million in early-stage funding from Bezos, OpenAI, and VC firms Thrive Capital and Lux Capital at a valuation of more than $2 billion. Elon Musk has been working on the Optimus humanoid robot for years.
Here Are Six Ai Robotics Startups Jeff Bezos Has Backed
Jeff Bezos.AP Photo/John LocheAmazon founder Jeff Bezos has backed at least three spatial intelligence startups this year.Spatial intelligence uses AI-powered robots to navigate freely within their environment.BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook.Jeff Bezos is joining a slew of top-tier investors, including Andreessen Horowitz and Khosla Ventures, by backing companies that are building robots capable of advanced reasoning and processing visual data.Bezos joined ChatGPT creator OpenAI in backing AI robotics startup Physical Intelligence in its $400 million funding round which was announced in early November, The New York Times reported.
Robot Ai Startup Physical Intelligence Raises $400M From Bezos, Openai - Cna
FILE PHOTO: A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Physical Intelligence, a startup that is developing foundational software for robots, said on Monday it has raised $400 million in early-stage funding from Amazon's Jeff Bezos, OpenAI, venture capital firms Thrive Capital and Lux Capital. Physical Intelligence is seeking to make a software that would work on any robot, eliminating the need to develop a software for each specific task.
Watch The Jeff Bezos-backed Ai Robots Fold Laundry, Put Eggs Away
Jeff Bezos' latest investment is an artificial intelligence startup that is trying to create software for robots that can do a variety of tasks — from folding laundry to clearing tables after a meal. The startup, Physical Intelligence, has raised $400 million in financing in a round led by the Amazon executive chairman and venture capital firms Lux Capital and Thrive Capital, The New York Times reported on Monday. Thrive Capital confirmed to Business Insider the firm's participation in the funding raise. At Physical Intelligence (π) our mission is to bring general-purpose AI into the physical world.
Waymo Ramps Up Robotaxi Push With $5.6 Bn In Funding
Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco.
Waymo Hauls In $5.6B To Boost Growing Robotaxi Business
The latest round boosts Alphabet’s previous plan to invest up to $5 billion in the autonomous driving company that’s preparing to launch its ride service in new cities.
Waymo Just Raised $5.6B To Spread Robotaxis To More Cities
Photo by PATRICK T. FALLON/AFP via Getty Images
Waymo just completed an oversubscribed funding round of $5.6 billion, its largest investment round to date. The company said it will use the funds to support its robotaxi business in its current markets of San Francisco, Los Angeles, and Phoenix, as well as bring it to new cities, like Austin and Atlanta, where its vehicles will be available exclusively on the Uber app. Waymo also hinted at future “business applications” for its “Waymo Driver,” which is the company’s branding for the hardware and software used to enable its vehicles to drive autonomously.