Key Takeaways
- Skild AI, a robotics startup, could reach a $14 billion valuation as SoftBank and Nvidia explore participation in a funding round exceeding $1 billion.
- SoftBank is shifting its investment focus from chip stocks toward artificial intelligence projects and data centers.
SoftBank and Nvidia may invest in Skild AI in a funding round surpassing $1 billion, potentially valuing the robotics startup at $14 billion, according to Reuters.
The potential investment reflects SoftBankâs strategic shift toward AI innovations. The firm recently divested from chip stocks to prioritize funding artificial intelligence projects, including data centers and partnerships with AI developers.
Nvidia has been partnering with other firms to back emerging AI startups focused on robotics and general-purpose technologies, highlighting its ongoing commitment to supporting innovative AI and robotics capabilities.
Skild AI has attracted attention from major tech investors amid a surge in AI funding, with its work positioning the company as a target for investments aimed at enhancing AI-driven robotics capabilities.
Source: https://cryptobriefing.com/softbank-nvidia-investment-14b-skild-ai-valuation/