"Figure AI Secures $675M Funding from Tech Giants to Commercialize Humanoid Robots"
TL;DR Summary
Figure AI, a startup developing humanoid robots for dangerous and undesirable jobs, has raised $675 million at a $2.6 billion valuation from investors including Jeff Bezos, Nvidia, and Microsoft. The company's general-purpose robot, Figure 01, aims to address labor shortages in industries like manufacturing and logistics. Figure AI is part of a competitive field, with companies like Agility Robotics and Tesla also working on humanoid robots. The market for humanoid robots is expected to reach $38 billion by 2035, and Figure AI is partnering with OpenAI and using Microsoft's Azure cloud services to develop next-generation AI models for its robots.
- Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding CNBC
- Humanoid robot-maker Figure partners with OpenAI and gets backing from Jeff Bezos and tech giants The Associated Press
- Figure AI raises whopping $675M to commercialize humanoids Robot Report
- Microsoft, OpenAI and Nvidia back $2.6bn robot start-up Financial Times
- Robotics startup Figure raises $675 million from Microsoft, Nvidia, other big techs Yahoo Finance
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