No Robots of Its Own, Yet This Company Commands a $38.5 Billion Valuation: The Bet on an Operating System
Physical Intelligence (PI) has reached a valuation of $5.6 billion (approx. 38.5 billion RMB) by focusing on AI agents and embodied intelligence rather than hardware. Co-founder Sergey Levine discusses the data flywheel, weak supervision, and the critical role of mid-level reasoning in building a universal robotic operating system.