European tech / AI
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Silicon Republic · Europe (Ireland) · Generalist AI raises $400m at $2bn for embodied foundation models, as its GEN-1 hits 99% task success
Focuses on the Nvidia and Fei-Fei Li backing as the signal that the academic-industrial complex in embodied AI has consolidated around a small number of bets. Notes that Nvidia's NVentures arm has backed most of the top robotics AI companies, creating a de facto coalition that controls both the compute supply and the equity in the leading inference models.
“Nvidia has now backed most of the top embodied-AI companies through NVentures, creating a compute-plus-equity coalition across the robotics stack.”