AI Robotics Lab in Talks to Raise $1 Billion at $11 Billion Valuation

Physical Intelligence, a two-year-old AI robotics startup founded by ex-Google DeepMind researchers, is in advanced talks to raise $1 billion in a new funding round, valuing the company at over $11 billion. The funding would solidify its position as one of the highest-valued private robotics firms globally, reflecting investor confidence in AI-driven physical automation. Former DeepMind scientists lead the startup, leveraging their expertise in machine learning to develop next-generation robotic systems for real-world applications. Discussions with investors remain confidential, but the deal could close within months, accelerating the company’s expansion in industrial and consumer robotics markets. The valuation surge underscores growing demand for AI-powered robotics, with Physical Intelligence poised to compete against established players like Boston Dynamics and Tesla.