(Reuters) – Apptronik stated on Thursday it has actually increased $350 million in a financing round led by B Capital and Capital Factory, with involvement from Alphabet’s Google, to range manufacturing of AI-powered humanoid robotics.
The Austin, Texas- based business is creating Apollo, a human-like or humanoid robotics whose jobs will certainly consist of operating in storehouses and making plants by relocating bundles and various other supply chain-oriented jobs.
Apptronik signs up with the rankings of opponents like Tesla and Nvidia- backed Figure AI in the race to create human-like robotics as developments in expert system result in considerable innovations in robotics and automation.
In October in 2014, Tesla CHIEF EXECUTIVE OFFICER Elon Musk stated that “a lot of progress” has actually been made with its humanoid robotic “Optimus” that can execute numerous day-to-day jobs.
“This represents an inflection point for the industry. The way I think about robotics and AI is it’s very similar to large language models in 2023. So I think 2025 is where you’re going to see a lot of activity for robotics,” chief executive officer and founder of Apptronik, Jeff Cardenas stated in a meeting with Reuters.
The business, which stated it prepares “expanded deployment” of Apollo this year, will certainly make use of the financial investment to broaden the robotic’s capacities to various other sectors consisting of older treatment and health care.
Apptronik has a collaboration with Google DeepMind robotics group and stated it has business arrangements with Mercedes-Benz and GXO Logistics for its humanoid robotics.
(Reporting by Anna Tong in San Francisco and Harshita Mary Varghese in Bengaluru; Editing by Tasim Zahid)
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