The power of generative AI has further ignited the race for advanced humanoid robots, promising more capable machines that can learn and deal with unknown environments and challenges. Amid increasing competition across the globe, Switzerland-based mimic is also throwing its hat in the ring. The startup has raised a pre-seed round of $2.5mn (€2.3mn) to […]
Chip Startup Raises $70 Million to Quicken AI on Cars and Robots
(Bloomberg) — Silicon Valley chip startup SiMa.ai raised $70 million in a funding round led by Maverick Capital to develop chips designed to speed up AI applications within everyday consumer devices from cameras to cars. Most Read from Bloomberg Point72 and Jericho joined the venture firm in the financing along with existing backers Amplify Partners, […]
Why VCs Are Betting Robots Will Help Build Your Next Home
If you pass by a construction site today, you’re likely to see humans on the roof, nailing shingles, laying brick or rolling paint. Time-travel a few years into the future, however, and there’s a pretty good chance robots will be sharing the workload. That, at least, is the vision startups and their backers are banking […]