Archetype AI Introduces Foundation Model to Pioneer Physical AI [Yahoo! Finance]
INFINEON TECHS AG S/ADR (IFNNY)
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Source: Yahoo! Finance
Physical AI company to target the "trillion sensor economy" with new foundation model PALO ALTO, Calif., April 05, 2024 BUSINESS WIRE Archetype AI , a physical AI company helping humanity make sense of the world, today announced its emergence from stealth and the introduction of Newton™, a first-of-its-kind foundation model that understands the physical world. With Newton, Archetype AI is on a mission to use the power of artificial intelligence to solve real-world problems – empowering people and organizations with an understanding of the physical environment that wasn't previously possible. In support of this mission, Archetype AI has raised a $13 million seed funding round led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures and several angel investors. In conjunction with the financing, Ganesh Srinivasan, Partner at Venrock, will join the board. To date, breakthroughs in generative AI have focus
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