Chinese robotics outfits AI2 Robotics and X Square Robots each secure funding at $2.8B valuation
Two Chinese general-purpose and embodied artificial intelligence firms, AI2 Robotics and X Square Robots, today announced funding rounds that pushed their respective valuations beyond 50 billion RMB, or about $2.8 billion.
These Chinese firms continue to push the envelope in developing the next generation of smart machines. Embodied AI, also known as physical AI, is the intersection between AI and the physical world, where detectors such as cameras and microphones feed information to advanced AI models to control machines.
Although the usual image of robots includes humanoids that look and move like people, robotics also involves arms with claspers, smart infrastructure such as doors and air conditioning and autonomous vehicles.
According to a Bloomberg report, AI2 Robotics raised nearly $735 million in new capital, while X Square Robot Technology Co. Ltd. did not disclose the amount it raised across four consecutive funding rounds culminating in a Series C.
