Physical Intelligence Is Valued at RMB 38.5 Billion Without Making Robots—Its Bet Is on an Operating-System-Like Platform
Physical Intelligence (PI) reached a $5.6 billion valuation by providing models to other robot teams rather than building robot hardware. Co-founder Sergey Levine discusses real-world data and the data flywheel, weak supervision through language annotations, an operating-system-like foundation for diverse robot hardware, and the role of mid-level reasoning.