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Investing.com-- Samsung Electronics (KS:005930) and NVIDIA (NASDAQ:NVDA) are planning to invest in U.S.-based Skild AI as part of a broader effort to deepen their presence in the fast-growing robotics industry, Bloomberg reported on Thursday, citing people familiar with the matter.
Samsung is contributing $10 million, while Nvidia is investing $25 million in the robotics software developer as part of its Series B funding round, the report said.
The round, led by a $100 million commitment from Japan’s SoftBank Group (TYO:9984), will value Skild at roughly $4.5 billion, the Bloomberg report said.
The investments come as major technology companies race to develop “physical AI” applications such as autonomous vehicles and humanoid robots. Nvidia, which has previously backed firms like Figure AI and Serve Robotics, sees robotics as a key future revenue stream, according to the report.
Samsung, which already holds a stake in Rainbow Robotics and recently invested in Physical Intelligence, is reportedly taking a cautious approach, using the Skild deal to monitor innovation without making a heavy commitment, the report added.