Chinese Besi Bot joins AI giants

Psi Bot (Basi Bot Company) is aiming to raise approximately $100 million in a new funding round. The company's valuation stands at $1.48 billion, making it one of the well-known Chinese startups in the field of embodied artificial intelligence and world models. Founded in Shanghai in 2024, it has rapidly grown into one of the rare companies valued at over a billion dollars, relying on real-world data collected through devices such as smart gloves and robots. The world models it develops aim to enable machines to interact more deeply with the physical environment, with expectations of a leap similar to the growth seen with GPT-2 and GPT-3.5 over the next two years. The focus is on high-quality, difficult-to-collect data globally, especially as challenges like shrinking budgets and varying data quality in China come into play.

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