Physical Intelligence in Talks for $20 Billion Valuation

• Physical Intelligence is a robotics AI startup developing software for real-world robot tasks.
• The company is in talks to raise at least $1 billion, nearly doubling its valuation to $20 billion.
• The talks were reported by Bloomberg, citing people familiar with the matter.
• The funding round would significantly increase the company's valuation.
• Rebecca Torrence and Natasha Mascarenhas reported the talks for Bloomberg.