X Square Robot Surpasses $2.8 Billion Valuation After Four Consecutive Funding Rounds for Physical AI

My take: Okay, this one genuinely excites me. X Square Robot, a Chinese robotics startup founded in 2023, just closed its fourth consecutive funding round at a valuation of over $2.8 billion. And the backing is not random: Meituan, Alibaba, ByteDance, and Xiaomi each led a separate round at a different stage. When China's four biggest tech giants independently bet on the same company over time, that is not a coincidence. It is like when four different neighbors on my street all started buying from the same nursery: something was clearly growing there and everyone could see it 🌱. Physical AI, robots that reason and operate in the real world, is an entirely different category from screen AI. China has been seeing this clearly for a while. The rest of the world is starting to notice.