Chinese robotics firms AI2 Robotics and X Square Robots each reach ~$2.8B valuation in new funding rounds
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by Kyt Dotson
Summary
Two Chinese embodied AI and robotics companies, AI2 Robotics and X Square Robots, have each secured funding rounds that value them at approximately $2.8 billion (over 50 billion RMB). The article reports on these funding milestones as part of the broader trend of Chinese firms advancing in general-purpose and embodied artificial intelligence, which focuses on developing smart machines capable of interacting with the physical world.
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Key quotes
· 3 pulledToday, two Chinese general-purpose and embodied artificial intelligence firms, AI2 Robotics and X Square Robots, announced funding rounds that pushed their respective valuations beyond 50 billion RMB, or around $2.8 billion.
Chinese general-purpose and embodied artificial intelligence firms continue to push the envelope in developing the next generation of smart machines.
Embodied AI, also known...
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