Figure AI, a robotics start-up that’s engineering human-like bipedal robotics that might one day take control of human jobs, mentioned on Thursday that it raised $675 million from prominent financiers, consisting of Jeff Bezos. The business, which was established in 2022, is now valued at $2.6 billion.
Figure AI’s master strategy seems changing different markets, “from business labor functions (3+ billion people), to helping people in the home (2+ billion), to taking care of the senior (~ 1 billion), and to developing brand-new worlds on other worlds,” according to the business.
In the meantime, the start-up is intending to be associated with markets like production, shipping, and retail, “where labor scarcities are the most extreme.”
Figure 01 in action. Credit: Figure AI
The very first offering from the start-up is Figure 01, a general-purpose robotic that strolls on 2 legs and has five-fingered hands. A video revealing the robotic in action highlights that it can stroll to a stack of cages, select one up, and location it on a conveyor belt.
A status upgrade slide before the video revealed that the robotic’s speed when compared to a human is presently 16.7%.
“Figure 01 is finishing completely self-governing jobs,” Figure AI composed in the video
Figure AI mentioned as part of the offer on Thursday that it would partner with OpenAI, the not-for-profit behind ChatGPT, to include generative AI into its human-like robotics. Microsoft has actually made a multiyear, multibillion-dollar financial investment in OpenAI, and likewise invested $95 million in Figure AI, according to Bloomberg
Related: Amazon’s $1 Billion Innovation Fund Is Looking to Invest in a Specific Kind of Startup
Nvidia and an Amazon-affiliated fund are investing $50 million each in Figure AI, and Amazon creator Bezos dedicated $100 million through his company Explore Investments LLC. Amazon has 7 various robotics business in its $1 billion development fund portfoliofrom Dexterity Robotics to Bionic Hive