<ul data-eligibleForWebStory="false"><li>Intel is spinning out its artificial intelligence robotics and biometric venture as the new company, RealSense, raised $50 million in Series A funding.</li><li>RealSense plans to use the funding to develop new product lines for robotics automation and meet growing demand worldwide. Intel's current VP and GM, Nadav Orbach, will serve as CEO.</li><li>Investment in the robotics industry is increasing with companies like Tesla, Amazon, and Nvidia showing interest. RealSense focuses on safety tools and easy-to-use technology.</li><li>Intel has undergone cost-cutting measures and struggled to keep up with AI competition. RealSense, formerly known as Intel Perceptual Computing, employs about 130 people across the U.S., Israel, and China.</li></ul>

Intel spins out AI robotics company RealSense with $50 million raise

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