Amazon, Microsoft and Major AI Players Pool $675 Million to Back Humanoid Robot Startup Figure
Figure is the first-of-its-kind AI robotics company bringing a general purpose humanoid to life
Is the future of AI technology about to undergo a seismic shift? Major players in the space seem to think so, as industry heavyweights join forces to back a startup transforming how we view human-robot interaction.
California-based Figure has announced a massive $675 million funding round led by none other than Amazon founder Jeff Bezos. Microsoft, Nvidia, and AI leader OpenAI have also contributed significant investments. The round values the robotics startup at $2 billion.
What's so compelling about Figure?
Their mission is to develop general-purpose humanoid robots capable of assisting across various environments and tasks. Their robots have the potential to revolutionize sectors like logistics and retail by taking over dull, repetitive, or dangerous jobs currently done by humans.
Investors clearly see the promise. Bezos’ Explore Investments is committing a sizable $100 million, while Microsoft is investing $95 million. Nvidia and Amazon are also chipping in $50 million each. Reports indicate OpenAI nearly acquired Figure but instead opted for a $5 million stake.
Will Figure deliver on its lofty goals?
With AI titans rallying behind their ambitious vision, they have the necessary firepower. As ChatGPT spurred renewed interest in conversational AI, humanoid robots may be the next frontier. Figure is well positioned to lead the charge if it can realize next-level robot autonomy.
Stay tuned as these AI disruptors join forces to shape the future of work.