Nvidia-Backed Robotics Startup Field Targets $2 Billion Valuation

Field AI, a two-year-old startup that makes artificial intelligence models to power robots, is in talks to raise several hundred million dollars at a $2 billion valuation, according to a person with direct knowledge of the fundraising discussions. That would quadruple the startup’s valuation last summer when investors including Nvidia valued it at $500 million.

The talks are the latest sign of intensifying investor interest in startups that are developing hardware and software for robotics by leveraging generative AI, which can train robots to perform humanlike actions more quickly and accurately than a previous generation.