Tech Giants Bet Big on Figure, the Humanoid Robot Company

March 02, 2024 By Monica Green

(Image Credit Google)

Figure AI, a rising star in the robotics industry, has just received a massive $675 million investment from tech titans. This significant fundraising round solidifies the company's position as a favourite among IT titans, valuing it at an astounding $2.6 billion. The All-Star Investor Lineup Microsoft, OpenAI, Nvidia, Jeff Bezos, and Intel are all supporting Figure, demonstrating their faith in the promise of humanoid robots. This investment is a significant vote of confidence in the company's ambitious goal of putting commercially viable robots into the workforce. The All-Star Investor Lineup

A Collaboration for Next-Gen AI Figure's collaboration with OpenAI is another promising development. They'll collaborate to create cutting-edge AI models intended exclusively for humanoid robots. This might dramatically expedite Figure's progress in developing robots that understand and respond to their surroundings. Is the Robot Hype Real? Despite the considerable capital, Figure is still a new startup. Their first humanoid prototype, "Figure 01," is still being developed. The existing walking abilities are slow and methodical, but the hand movements show promise, especially in the capacity to conduct delicate activities. Figure AI

Focus on Hands-on Functionality Figure appears to prioritize hand dexterity, which is consistent with potential uses in assembly line occupations and other stationary tasks. This emphasis may prove more commercially viable than the spectacular but research-oriented capabilities of other humanoid robots. The Future of Work Figure's objective is straightforward: incorporate humanoid robots into the workforce. While some may be concerned about job displacement, the corporation notes that robots can perform dangerous or monotonous activities, freeing up humans to take on more creative and strategic positions. Figure's journey is only beginning. Their significant investment and partnerships with top tech companies establish them as a key player in the race to develop humanoid robots. It would be interesting to see if they can fulfil their promises and handle the ethical issues raised by AI in the workplace.

By Monica Green

I am specialised in latest tech and tech discoveries.

Tech Giants Bet Big on Figure, the Humanoid Robot Company

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