Bezos Nvidia OpenAI Collaboration: Amazon founder Jeff Bezos is joining Nvidia and other well-known tech companies to invest in Figur AI, a startup that specializes in developing humanoid robots.
Backed by OpenAI and Microsoft, Figur AI anticipates raising $675M, marking a significant milestone for the company valued at $2B. Bezos-led Explore Investments LLC has invested $100 million, while Microsoft has contributed $95 million. Reportedly, both Nvidia and Amazon’s funds will invest $50M each in the project, adding to its financial backing.
“We believe that investing in humanoid robots has the potential to reshape various sectors, from manufacturing to healthcare, and beyond,” said Jeff Bezos
Investments in artificial intelligence startups have increased following the November 2022 debut of OpenAI’s acclaimed chatbot ChatGPT. Investors are seizing on the potential of these startups to outperform larger competitors.
OpenAI has reportedly considered acquiring Figure in the past and is currently investing $5 million in the startup. Backers include Intel’s venture capital arm LG Innotek, Samsung’s investment arm, and venture capital firms Parkway Venture Capital and Align Ventures.
While Amazon, Nvidia, Microsoft, and Intel refrained from commenting, Figure AI and other entities mentioned in the report did not immediately respond to a request to comment.
The Sunnyvale, Calif.-based outfit, known for developing versatile humanoid robots capable of operating in diverse environments and performing tasks ranging from warehouse tasks to retail operations, raised an initial round of outside funding last year. The company raised $70 million from investors led by Parkway Venture Partners.
Conclusion
In conclusion, the recent investment in Figur AI, a startup specializing in humanoid robots, marks a significant milestone in the field of artificial intelligence and robotics. The collaboration between tech giants such as Amazon, Nvidia, OpenAI, and Microsoft, led by Jeff Bezos, is expected to reshape various sectors, from manufacturing to healthcare. Investment of $675M signals rising confidence in AI startups post successful debut of OpenAI’s ChatGPT. Tech leaders’ commitment to AI and robotics, despite investor silence, highlights the transformative potential for our future.
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