<ul><li>Former Cruise chief executive Kyle Vogt has raised $150 million in a funding round for his robotics start-up The Bot Company, valuing the company at $2 billion.</li><li>The funding round, led by Greenoaks, indicates investors' and companies' belief in the potential of large language models (LLMs) to reshape robots and enable them to understand complex human-language instructions.</li><li>The Bot Company, which has no customers, products or revenue yet, plans to develop a non-humanoid robot equipped with grips for household tasks.</li><li>Venture capitalists invested around $6.1 billion in robotics in 2023, a 19% increase from the previous year, as part of the broader investment trend in AI.</li></ul>

Ex-Cruise Chief Vogt Raises $150m For Robotics Start-Up

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