Robotics startup Physical Intelligence has reportedly raised $400 million in early-stage funding. The funding round, which included participation from Amazon founder Jeff Bezos and OpenAI, values the company at $2 billion, Reuters reported Monday (Nov. 4), citing PitchBook data. According to the report, Physical Intelligence aims to develop software...
A new breed of artificial intelligence is emerging, capable of tasks it was never explicitly taught. This technology, known as zero-shot learning, is pushing the boundaries of AI capabilities and raising questions about the future of machine intelligence. OpenAI’s GPT-4, for example, is a language model...
Richtech Robotics plans to use its robotics and artificial intelligence (AI) cloud technology to run 20 more Walmart-located restaurants in Arizona, Colorado and Texas. The provider of AI-driven service robots has signed a binding letter of intent with Ghost Kitchens America in which the companies...
As Amazon seeks to redefine the future of logistics, the company is leveraging robotics to streamline its operations and enhance customer experiences, a process that began with the acquisition of Kiva Systems in 2012. Amazon has since deployed more than 750,000 robots globally, with its...
February 22, 2024
As on-demand delivery aggregators look to automation to reduce labor costs, Uber sees the opportunity to roll out autonomous sidewalk robots in dense cities worldwide — but only for certain kinds of orders. In an interview with PYMNTS, Noah Zych, Uber’s global head of autonomous mobility and delivery, spoke to the company’s recent partnership with Mitsubishi […]
January 22, 2024
Omnichannel commerce has transformed how we pay for things and the length of time in which we expect to get what we pay for. Delivery windows are shrinking. Where once...
January 08, 2024
Just a week ago, the smart money was on artificial intelligence to dominate the Consumer Electronics Show. But someone forgot to tell the robots. Because when the show opens on...
September 01, 2023
Despite Walmart’s better-than-expected earnings results, Reuters reported earlier this week that the mega-retailer is asking 16,000 pharmacists nationwide to voluntarily cut hours in an effort to conserve margins. According to...
November 04, 2024
Robotics startup Physical Intelligence has reportedly raised $400 million in early-stage funding. The funding round, which included participation from Amazon founder Jeff Bezos and OpenAI, values the company at $2 billion, Reuters reported Monday (Nov. 4), citing PitchBook data. According to the report, Physical Intelligence aims to develop software that would work on any robot, doing away with the […]
October 20, 2024
Richtech Robotics plans to use its robotics and artificial intelligence (AI) cloud technology to run 20 more Walmart-located restaurants in Arizona, Colorado and Texas. The provider of AI-driven service robots...
August 28, 2024
Swiss-Mile, which makes robots for logistics and other use cases, has raised $22 million in a seed funding round from investors that include Amazon Industrial Innovation Fund, Bezos Expeditions, HongShan, Armada...
August 14, 2024
Apple is reportedly developing a device that combines an iPad-like display with a robotic arm, enabling it to perform tasks like adjusting to face the user during a video call. This...
