Sam Altman-backed Coco Robotics raises $80M

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Welcome back to The Pulse, where we dive into interesting AI stories and trends backed by data, all presented through simple visuals.

> LA-based zero-emissions company deploying last-mile delivery service robots

> recent funding to scale manufacturing, mapping & remote-operations AI

> personally backed by Altman brothers (Sam & Max) + partnered with OpenAI (gets AI vs gives back real-world data for training)

> more than 500K restaurant deliveries since founding

> total funding: $121.5M; 17 investors in 2021 vs 8 investors since

> Google DeepMind benchmark tests LLM’s factual accuracy & lack of hallucinations in long-form responses

> o3 & o3 Pro models score similar + lower than others (least out of reasoning models)

> equal performance of both models reflected in other hallucination benchmarks ex. Confabulations

> D.A. Davidson analyst estimates Google’s businesses would be valued at $3.7T if separated, vs $2.1T now

> claims stock would be worth $240 - $300 compared to ~$180 now

> Google Search to trade 4.6x, while TPU & DeepMind to trade ~23x their 2024 segmental revenue