From Business Today:

Tech giants like Amazon, Nvidia, and Microsoft are investing in Figure AI, a startup focusing on creating human-like robots. The company is set to secure $675 million in funding, with a $2 billion valuation. OpenAI also supports Figure AI, following the success of their ChatGPT chatbot, driving interest in AI startups.

OpenAI is investing $5 million in Figure AI, alongside other backers like Intel, LG Innotek, and Samsung’s investment group. Additionally, venture firms like Parkway Venture Capital and Align Ventures are supporting the innovative company. Major players involved in the investment remained silent when approached for comments.

Figure AI, based in Sunnyvale, California, is progressing in developing versatile humanoid robots for various tasks, including warehouse operations and retail functions. The company received $70 million in its initial funding round last year, led by Parkway Venture Capital. The investment highlights confidence in Figure AI’s innovative robotics technology.



Read more at Business Today: Jeff Bezos, Nvidia join OpenAI in funding humanoid robot startup Figure AI: Report