00:00It's Benzinga bringing Wall Street to Main Street.
00:03SoftBank and NVIDIA are in talks to invest in skilled AI as part of a funding round
00:07exceeding $1 billion that could value the robotics AI startup at roughly $14 billion,
00:14according to Reuters. Skilled's valuation would nearly triple from the $4.7 billion
00:19it reached earlier this year in a $500 million Series B, backed by NVIDIA, LG's Venture
00:25Arm, and Samsung. Founded in 2023 by former meta-AI researchers and supported by Amazon
00:32and Lightspeed, Skilled AI aims to enable wider robot deployment by creating universal software
00:37that serves as a central brain for robots. It builds Foundation A, iModels that teach robots
00:43perception and decision-making skills using large datasets. Federal agencies are elevating
00:48robotics and advanced manufacturing, while lawmakers are advancing new proposals as part
00:52of a broader effort to compete in AI and other critical technologies.
00:56For all things money, visit Benzinga.com.
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