News Summary

• The company’s latest raise comes about a week after it debuted its newest AI model.
• Gen-1.5, as the algorithm is called, is designed to power robotic arms.
• Generalist says it can significantly reduce the amount of time needed to create factory automation workflows..
• The model enables users to teach robots a new task by demonstrating how it's performed with their hands.
• Nvidia develops not only data center accelerators but also a line of AI chips called Jetson specifically optimized for robots.