Backed by Google and Mercedes-Benz, it represents a major bet on 'embodied AI' for physical labor tasks.

Speaker is extremely bullish, is already an investor via the private secondary market, and considers it his 'main focus' for future investment due to its strong competitive moat.

Private humanoid robotics company, where Google is a key investor, is reportedly raising new funds at a $5 billion valuation, a huge jump from its recent $1.5 billion valuation.