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Articles tagged: robotics

4 articles

News March 29, 2026
3 min read

OpenAI Leases 202,400-Square-Foot Richmond Warehouse, Likely Home for Second Robotics Lab

OpenAI signed a lease for a 202,400-square-foot industrial warehouse at Richmond's Portside Commerce Center, county records show. The facility — previously vacant after battery startup Moxion Power collapsed — aligns with Business Insider's January report that OpenAI told employees it planned to open a second robotics lab in Richmond. The deal adds to over 1.6 million square feet of Bay Area space OpenAI has secured in recent months.

News March 28, 2026
2 min read

Physical Intelligence in Talks to Raise $1 Billion at $11 Billion Valuation, Doubling in Four Months

The two-year-old San Francisco robotics startup Physical Intelligence is in discussions to raise about $1 billion in new funding at a valuation exceeding $11 billion, according to Bloomberg. The deal would nearly double the company's $5.6 billion valuation from its November 2025 round, with Founders Fund expected to join returning backers Thrive Capital and Lux Capital.

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