ABB Follows Mark Zuckerberg Investing in Artificial Intelligence
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ABB Ltd. became the first strategic investor in artifical intelligence startup Vicarious FPC Inc. that’s backed by Mark Zuckerberg and Jeff Bezos as the Swiss company plans to develop robots with human intelligence.
Robot-maker ABB was among a group of investors to put $12 million into the latest fund-raising round for the San Francisco-based company. Girish Nadkarni, head of ABB’s venture capital unit, said it invested less than $10 million.