Robot Build Technician

Two AI companies are pursuing significant office leases in San Francisco's Showplace Square, signalling the neighbourhood's transformation into a technology hub. Together AI is negotiating a 150,000-square-foot lease at 2 Henry Adams, whilst Physical Intelligence is nearing a deal for roughly 60,000 square feet at 808 Brannan Street, currently subleased by Airbnb. Together AI, valued at over $3 billion, builds open-source generative AI models and cloud infrastructure. Physical Intelligence, a robotics AI startup valued at roughly $5.6 billion, is currently based in the Mission District. The deals reflect growing AI-driven office demand in San Francisco, particularly in Mission Bay, where companies like OpenAI have created an emerging AI cluster. Showplace Square previously experienced significant vacancy after the pandemic, with tenants like Zynga and Airbnb reducing their footprints.

SoftBank and Nvidia eye $1B+ Skild AI investment. The proposed funding round would value the three-year-old startup at $14 billion. SoftBank Group Corp. and Nvidia Corp. have entered discussions to lead an investment exceeding $1 billion in Skild AI, a software company developing a foundational robotics model, according to Reuters. The proposed funding round would value Skild AI at $14 billion. This potential valuation nearly triples the nearly three-year-old startup's last valuation of $4.7 billion. In May, Skild AI raised $500 million in a round led by SoftBank, with participation from LG Technology Ventures, Samsung, Nvidia, and other investors, according to PitchBook data. Skild did not immediately respond to a request for comment. SoftBank and Nvidia declined to comment on the report. Skild AI focuses on creating a robot-agnostic foundation model rather than proprietary hardware. This model allows for customization across various robot types and use cases. Stay ahead of the curve! Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox. In July, the company introduced its general-purpose robot model, Skild Brain. Videos demonstrated robots performing tasks such as picking up dishes and navigating stairs. Skild AI has also established strategic partnerships with LG CNS and Hewlett Packard Enterprise to expand its ecosystem. Investor interest in AI robotics has increased significantly. Physical Intelligence, a company also developing "brains" for diverse robots, recently reportedly secured $600 million at a $5.6 billion valuation in a round led by CapitalG. An investor who evaluated Physical Intelligence but chose not to fund it told TechCrunch that its model remains in early developmental stages.

Robotics: Physical Intelligence raises $600 million to develop an AI model suitable for all types of robots. Physical Intelligence, an American startup specializing in the development of general-purpose AI models for robotics, has closed a Series B funding round of $600 million (518 million euros). The operation, revealed on November 20 by Bloomberg and The Information, was led by CapitalG, Alphabet's independent growth fund. Amazon founder Jeff Bezos and Lux Capital also participated in the funding round, as did the Anglo-American venture capital firm Index Ventures. Founded just 20 months ago by former researchers from Google DeepMind, Stanford University, and the University of California, Physical Intelligence is developing several artificial intelligence models 'capable of controlling any robot to perform any task.' The startup is currently focused on improving reasoning, long-term planning, and self-improvement of its models by integrating them into robotic arms. 'Similar to LLMs, our model is trained on vast and diverse data and can follow various text instructions,' explains Physical Intelligence in a statement. 'Unlike LLMs, it utilizes images, text, and actions, and acquires physical intelligence through training on robots' lived experience.' The San Francisco-based startup unveiled π0.6 on November 17, the sixth version of its vision-language-action (VLA) model, largely based on reinforcement learning (RL) techniques. Physical Intelligence claims that its new 'Recap' method allows robots to 'double throughput on some of the most complex tasks and reduce failure rates by half.' As a result, several robots were able to prepare coffee for 18 hours straight, fold 50 different laundry items, and label 59 boxes of chocolates in a real factory without stopping. A highly competitive sector. With this funding round, Physical Intelligence reaches a valuation of $5.6 billion (4.8 billion euros). This is more than double what it was a year ago when the startup raised $400 million (345 million euros) for a valuation of $2.4 billion (2.1 billion euros). At that time, it attracted other well-known investors, such as OpenAI. Despite a meteoric rise, Physical Intelligence will have to elbow its way to establish itself in an ultra-competitive environment. Startups specializing in general-purpose AI models for robotics are mushrooming. Among the most prominent is Skild AI, also backed by Jeff Bezos, which presented its first foundation model 'Brain' this summer. The American startup claims that this model can operate on humanoid and quadruped robots as well as robotic arms and mobile base manipulation robots.