Bezos, Nvidia join OpenAI in funding humanoid robot startup, Bloomberg reports

:Amazon.com founder Jeff Bezos, Nvidia and other huge technology names are investing in startup Figure AI that develops human-treasure robots, Bloomberg Files reported on Friday, citing individuals with records of the predicament.

Figure AI, furthermore backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding spherical that carries a pre-money valuation of about $2 billion, per the story.

Bezos had committed $100 million by his agency Detect Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are every providing $50 million, the story added.

Investments in artificial intelligence startups indulge in sparked after the initiate of OpenAI’s viral chatbot ChatGPT in November 2022, as merchants sense a likelihood, having a wager on these startups that they’ll furthermore outpace better competitors.

OpenAI, which at one level notion of buying Figure, is investing $5 million, the story added.

Backers consist of Intel’s venture capital arm, LG Innotek, Samsung’s investment community, as smartly as venture companies Parkway Enterprise Capital and Align Ventures, the story added.

ARK Enterprise Fund, Aliya Capital Companions and Tamarack are furthermore among merchants in the startup, per the story.

Amazon, Nvidia, Microsoft and Intel declined to express, while other names talked about in the story, together with Figure AI, did in a roundabout draw reply to Reuters’ requests for express.

Perfect year, Sunnyvale, California-based mostly Figure, which develops habitual-motive humanoid robots that will perchance furthermore work in masses of environments and take care of a diversity of projects from warehouses to retail, raised $70 million from merchants led by Parkway Enterprise Capital in its first external spherical.