Latest news with #SkildAI
Yahoo
a day ago
- 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
a day ago
- 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
2 days ago
- 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.
South China Morning Post
11-02-2025
- Business
- South China Morning Post
Expert at CUHK's Business School: optimal integration of AI and robots into personalised services enhances the human touch in hospitality
Published: 12:00am, 12 Feb 2025 [The content of this article has been produced by our advertising partner.] AI and robotics are transforming workplaces across the globe. In China, following DeepSeek AI's announcement of the DeepSeek R1, which rattled tech sector worldwide, UBTech, a Chinese robotics manufacturer, aims to mass-produce AI-enabled industrial humanoid robots capable of assisting with domestic chores by the end of 2025. In the US, robotics startup Skild AI could achieve a valuation of US$4 billion if SoftBank leads its $500 million funding round. Skild AI is developing a scalable foundation model for robotics, allowing machines to interact with humans safely and dexterously. These tech developments lead to increased concerns about job displacement. Some argue that while technology enhances roles for certain workers, it may displace others. For example, a PwC study predicts that 21 percent of existing jobs in China's service sector could be displaced by 2038. In the hospitality sector, another study estimates that robots could replace up to 25 percent of the global workforce by 2030. Despite these concerns, the hospitality industry appears to welcome new technologies. AI and robotics are seen as viable solutions for the sector's prolonged manpower shortage, especially having demonstrated their effectiveness during the global pandemic. A harmonious partnership between technology, integrated through a customer and human-centric approach, and employees will streamline operations without sacrificing the personal touch essential for exceptional hospitality services, believes Professor Sungwoo Choi, Assistant Professor at the School of Hotel and Tourism Management at the Chinese University of Hong Kong (CUHK) Business School.
