Robotics project Generative Bionics raises $80 million, with participation from Tether and others.
TL;DR
Robotics project Generative Bionics raised $80 million with Tether's participation, focusing on AI humanoid robots for industrial tasks to reduce reliance on big tech and boost social resilience.
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According to Foresight News , The Block reports that robotics project Generative Bionics has raised $80 million in funding, with participation from Tether and others. The company, spun out of the Italian Institute of Technology, focuses on developing "physical AI" humanoid robots capable of operating in high-risk or high-load industrial environments, aiming to perform handling, dragging, and repetitive tasks that traditional robotic arms struggle with.
Tether CEO Paolo Ardoino stated that this investment is an important step for the company in its "digital and physical infrastructure" strategy, aimed at reducing reliance on centralized systems from large technology companies and supporting technological innovations that can enhance social resilience.