Sources: Physical Intelligence, which is developing AI models for robotics, is discussing a new funding round of about $1B that would value it at $11B+ (Bloomberg)

Source: Techmeme

The $11B+ valuation of a two-year-old robotics AI startup signals that capital markets have decisively shifted from betting on AI’s abstract capabilities to betting on AI’s ability to *do physical work*—the real constraint isn’t intelligence anymore, it’s embodiment, and whoever solves that at scale controls trillions in labor displacement. This represents the inflection point where AI transitions from being primarily a software/intelligence play to being an infrastructure play that directly threatens human labor across manufacturing, logistics, and service industries.