Fossil Fuels
Apptronik raises 350 million dollars to scale up production of humanoid robotics
Apptronik announced on Thursday that it had raised $350m in a funding session led by B Capital, Capital Factory and Alphabet's Google, for the production of AI powered humanoid robotics. Austin-based company, Apollo Robotics, is developing a humanoid or human-like robot that will be able to perform tasks in manufacturing plants and warehouses, such as moving packages. Apptronik is joining the ranks of competitors like Tesla and Nvidia's Figure AI, in the race to create human-like robots. Artificial intelligence advances have led to major breakthroughs in robotics. Tesla CEO Elon Musk stated in October of last year that "a great...