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& RYSE Good day, 360! Here are some of our top movers today. And don’t forget to join us in Market Masters – Jeff Williams is LIVE at 9AM EST (every day!) and Jeff Bishop will be running down the Markets today during his Bullseye session at 11AM EST (all are welcome 👋). Be the … Read more
In sci-fi tales, artificial intelligence often powers all sorts of clever, capable, and occasionally homicidal robots. A revealing limitation of today’s best AI is that, for now, it remains squarely trapped inside the chat window. Google DeepMind signaled a plan to change that today—presumably minus the homicidal part—by announcing a new version of its AI … Read more
The intersection of robotics and AI continues to attract attention from investors and Big Tech alike. The latest indicator? Dexterity, a startup specializing in industrial robots with “human-like” finesse, has raised $95 million at a post-money valuation of $1.65 billion, per Bloomberg. The investment, which includes backing from Lightspeed Venture Partners and Sumitomo Corp., highlights … Read more
Gecko Robotics turned down a billionaire’s investment offer because of a demand cofounder Jake Loosararian couldn’t live with. Read More
Meta is forming a new team within its Reality Labs hardware division to build robots that can assist with physical tasks, Bloomberg reported. The team will be responsible for developing humanoid robotics hardware, potentially including hardware that can perform household chores. Meta’s new robotics group, which will be led by Marc Whitten, driverless car startup … Read more
UC Berkeley spinout Ambi Robotics announced Tuesday the arrival of AmbiStack, a novel system that automates pallet packing. The system features an industrial robotic arm mounted above a conveyer belt that moves along the X and Y axes and lifts boxes up via suction cups mounted to a gripper. Once lifted from the conveyer belt, … Read more
SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners, … Read more
OpenAI disbanded its robotics department. Then, it brought it back. Now, through a social media post from its hardware director and newly published job descriptions, OpenAI is revealing more about its plans for the revived team. In a post on X on Friday, Caitlin Kalinowski, who joined OpenAI to lead hardware last November from Meta’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia is betting on robotics as its next big driver of growth, as the world’s most valuable semiconductor company faces increasing competition in its core artificial intelligence chipmaking business. The US tech giant, best known … Read more
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