Google Tie-Up Lifts Fanuc to Record as Physical AI Bets Grow

Fanuc Corp. shares soar after the company announced that it would tie up with Alphabet Inc.’s Google in an announcement on Wednesday, broadening expectations for physical AI with robotics companies.

Shares of the world’s leading maker of robot arms rallied as much as 16% to an intraday record high after it said it will team up with Google to build a new AI system for its industrial robots, using tools from Google Cloud, including Gemini Enterprise.