News Summary

SoftBank is negotiating a $500 million investment in Skild AI, a robotics software company, at a $4 billion valuation. Skild AI, founded by Deepak Pathak and Abhinav Gupta, is developing a foundational AI model for robotics that can be adapted for various applications. The company had previously raised $300 million at a $1.5 billion valuation with investors like Jeff Bezos, Lightspeed Venture Partners, and Coatue Management. This investment highlights the growing interest in AI-powered robotics, with other notable investments in the space including Physical Intelligence and Figure AI.