Alibaba Invests $100 Million in a Start-up: Is the Robotic Butler for Homes Coming now?

The Chinese start-up X Square Robot has raised $100 million in a new financing round. The investment was led by Alibaba Cloud, supported by other prominent backers such as HongShan (formerly Sequoia Capital China), Meituan, Legend Capital, and INCE Capital. This brings the total funding for the company, founded in 2023, to $280 million. The investors aim to promote the next generation of humanoid robots that can operate significantly more autonomously and versatilely through the combination with generative AI. Breakthrough with open robotics AI...