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

Fanuc Corp. shares soared after the company said that it would tie up with Alphabet Inc.’s Google, broadening expectations for physical AI with robotics companies.

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