"Tech Titans Back $2 Billion Humanoid Robot Unicorn"

1 min read
Source: Fortune
"Tech Titans Back $2 Billion Humanoid Robot Unicorn"
Photo: Fortune
TL;DR Summary

Jeff Bezos, Nvidia, OpenAI, Microsoft, and other tech giants are investing in Figure AI Inc., a startup developing human-like robots, with a pre-money valuation of $2 billion and a $675 million funding round. The company aims to create a humanoid robot, Figure 01, capable of performing dangerous tasks and addressing labor shortages. Other tech companies like Intel, LG Innotek, and Samsung are also involved in the investment. The AI robotics industry has seen increased activity, with startups like 1X Technologies AS and Sanctuary AI raising significant funds, while Tesla Inc. is working on a robot called Optimus.

Share this article

Reading Insights

Total Reads

0

Unique Readers

9

Time Saved

2 min

vs 3 min read

Condensed

83%

56497 words

Want the full story? Read the original article

Read on Fortune