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JUST IN: Eclipse, a Palo Alto based venture capital firm, announced $1.3 billion in new funding to support and incubate startups focused on physical AI, a concept that combines artificial intelligence with real world sectors such as transportation, energy, infrastructure, computing, and defense.
Eclipse raised $1.3 billion, divided between a $591 million early stage incubation fund and a growth fund.
The firm aims to invest in physical AI, meaning AI applications that move from the screen to the real world and perform concrete actions.