2026-10-27 (~4:48 PM ET, Startup Fortune, per Bloomberg — startupfortune.com): Physical Intelligence is in talks to double its valuation to $20 billion — the robot foundation-model startup joining Figure AI and Skild AI atop a surging embodied-AI valuation wave. New financing lane for the robot-software layer beside the hardware-side market threads (Unitree's >60% climb, Beijing's tightening IPO stance). No lead investor, raise size, or closing timeline in capture. Watch: whether the round closes at $20B, named lead, what the capital funds.