Latest news with #SkildAI
Korea Herald
6 days ago
- Business
- Korea Herald
LG CNS partners with US robotics firm Skild AI on industrial humanoid robots
LG CNS, a Korean IT solutions provider under LG Group, announced Tuesday it has entered a strategic partnership with US-based robotics company Skild AI to develop industrial humanoid robot technologies. The agreement also includes an investment via LG Technology Ventures, the group's corporate venture capital arm. Skild AI, co-founded by Carnegie Mellon University professors Deepak Pathak and Abhinav Gupta, is recognized for its Robot Foundation Model RFM, which functions as a robot's AI-driven 'brain.' It enables autonomous decision-making by learning from images, text, audio and video data, and is designed for use across a wide range of robotic platforms, both humanoid and non-humanoid. Through the collaboration, LG CNS plans to create AI humanoid robot solutions tailored to industrial settings such as manufacturing and logistics. These robots are expected to perform tasks including facility monitoring, assembly and handling logistics operations. LG CNS also plans to expand applications to urban environments, including senior care and patrol services. The company will offer an integrated robotics service that brings together Skild AI's RFM, LG CNS' platform for robot control and management, and hardware developed in collaboration with manufacturing partners. 'By combining Skild AI's robotics foundation model with LG CNS' solution expertise, we aim to become a leading intelligent AI robotics service provider,' said Lee Jun-ho, head of LG CNS' Smart Logistics and City Business Unit. 'We will drive innovation and help clients achieve smarter operations.' According to a Goldman Sachs report, the global humanoid robot market is projected to grow at an annual rate of 50.2 percent, reaching around $38 billion by 2035.
Yahoo
6 days ago
- Business
- Yahoo
Nvidia And Samsung Back $4.5B Robotics Startup Skild AI With $35M As SoftBank And Jeff Bezos Drive Push Into Consumer Robots
Nvidia (NASDAQ:NVDA) and Samsung are investing a combined $35 million into Skild AI, a general-purpose robotics intelligence startup that's rapidly gaining investor confidence. The Series B funding round, which values Skild AI at approximately $4.5 billion, is led by a $100 million investment from Japan's SoftBank Group, Bloomberg reports. Samsung has committed $10 million to the round, using the investment to keep strategic visibility into Skild's technology and talent pipeline without committing to full-scale acquisition. According to Bloomberg, Nvidia is contributing $25 million, reinforcing its growing push into what CEO Jensen Huang has described as the "physical AI" revolution. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to The round follows Skild's $300 million Series A raise in July 2024, which Skild AI says included backing from Lightspeed Venture Partners, Coatue, SoftBank, and Amazon (NASDAQ:AMZN) founder Jeff Bezos through Bezos Expeditions. Skild AI says it is developing a shared "foundation model" that acts as a general-purpose brain for a wide range of robots across manipulation, locomotion, and navigation tasks. The startup notes that this model represents a step change in how robotic systems will scale, with long-term ambitions to build artificial general intelligence grounded in the physical world. Skild AI positions its technology as a scalable solution to the U.S. labor shortage, particularly in high-risk industries like oil rigs and manufacturing. A study by Deloitte and The Manufacturing Institute projects that over 2.1 million U.S. manufacturing jobs could go unfilled by 2030, and the startup believes its adaptable foundation model could help rebalance labor across sectors. Trending: Invest where it hurts — and help millions heal:. Nvidia's investment aligns with its broader ecosystem strategy to integrate intelligent robotics into everyday environments, from homes to factories to autonomous vehicles. According to Bloomberg, the company already supports startups like Figure AI and Serve Robotics and offers the necessary semiconductors and software infrastructure to support robotics deployment at scale. Samsung sees the Skild investment as a way to monitor emerging robotics breakthroughs while staying competitive with fellow South Korean conglomerates like LG, Hanwha, and Mirae Asset, which have also committed capital to Skild AI, Bloomberg reports. Samsung has recently taken similar minority stakes in robotics startups such as Physical Intelligence, which focuses on robotic control algorithms. According to Bloomberg, the giant also holds the largest share in Rainbow Robotics, a firm focused on humanoid robots, and plans to launch a domestic robot named Ballie later this year in collaboration with says that despite Samsung viewing some of Skild's capabilities as lagging behind other options on the market, the investment signals growing confidence in the startup's long-term potential. Robotics is evolving into one of the most competitive and capital-intensive arenas in tech, with Apple (NASDAQ:AAPL) Meta (NASDAQ:META), Alphabet's (NASDAQ:GOOG, GOOGL)) Google, Amazon, and Tesla (NASDAQ:TSLA) all accelerating work on consumer and humanoid robotics platforms, Bloomberg says. With heavyweight investors now backing its vision, Skild AI may be emerging as a major rival in the race to bring adaptable, intelligent robots into real-world environments at scale. Read Next: Here's what Americans think you need to be considered wealthy. Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Nvidia And Samsung Back $4.5B Robotics Startup Skild AI With $35M As SoftBank And Jeff Bezos Drive Push Into Consumer Robots originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia, Samsung Back Skild AI's $4.5 Billion Valuation
Nvidia (NASDAQ:NVDA) quietly dropped $25 million into Skild AI's Series B, and Samsung chipped in another $10 million, joining SoftBank's $100 million lead on a round that pegs the Pittsburgh robotics-software outfit at about $4.5 billion. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Skild's platform helps robots learn on the fly across factories, warehouses and more, and both backers seem keen to see if software can turn hardware into recurring revenue. Oddly enough, Nvidia shares slipped about 0.8% on the newsinvestors are weighing the near-term cash outlay against longer-term dreams of a booming robotics business. Skild still needs to prove its model by landing big enterprise deals and scaling up those adaptive systems beyond pilot labs. Samsung's play feels more like keep an eye on the field than full throttle: it already has small stakes in Rainbow Robotics and Physical Intelligence, and this lets them compare notes without over-committing. Why you should care: hardware makers are hunting for their next growth engine, and software-powered robots look like the obvious candidate once chip sales mature. The real test arrives late July on Nvidia's Q2 call, when management should spill any details on robotics revenue and how minority bets like Skild AI fit into the grand plan. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia and Samsung Bet Big on AI Robots With $100 Skild Deal
Nvidia (NASDAQ:NVDA) and Samsung Electronics (SSNLF) are investing in U.S.-based robotics firm Skild AI, joining a $100 million Series B funding round led by SoftBank Group (SFTBY). Nvidia is contributing $25 million, while Samsung is putting in $10 million, valuing Skild AI at about $4.5 billion. The round adds to mounting global interest in robotics and AI as demand grows for intelligent machines across manufacturing, logistics, and autonomous vehicles. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The move gives both tech giants a foothold in the fast-developing robotics software sector. Samsung views the investment as a strategic way to remain aligned with Skild's innovation pipeline, without committing substantial capital. The deal also comes amid similar smaller investments from Korean groups LG, Hanwha, and Mirae Asset, which each committed $5 million to $10 million. Nvidia's backing aligns with its broader strategy to scale physical AI, a term used to describe intelligent machines and robots that can act independently. The chipmaker is building out its ecosystem of processors, software, and infrastructure to support the adoption of AI-powered robotics. Skild AI plans to use the funding to accelerate development of its advanced robotics platform. The company's technology is designed to bring AI capabilities to physical systems, a market that continues to draw growing interest from global tech players. This article first appeared on GuruFocus.
Bloomberg
12-06-2025
- Business
- Bloomberg
Nvidia, Samsung Plan Investments in Robotics Startup Skild AI
Samsung Electronics Co. and Nvidia Corp. will take minority stakes in Skild AI Inc. as they seek to bolster their work in the emerging consumer robotics industry. The South Korean tech leader is making a $10 million investment in Skild, which develops software for robots, according to people with knowledge of the matter. The Santa Clara, California chipmaker is putting in $25 million, said the people, who asked not to be identified discussing unannounced plans.
