Microsoft, OpenAI Mulling Over $500M Stake in Figure AI! The Next Big Thing in AI?

  • Editor
  • January 31, 2024
    Updated
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Microsoft Corp. and OpenAI are reportedly in advanced discussions to invest $500 million in Figure AI, a startup that specializes in the development of humanoid robots.

This investment could elevate Figure AI to a pre-money valuation of $1.9 billion, marking a significant milestone in humanoid robotics.

Founded in 2022, Figure AI has rapidly gained prominence for integrating advanced AI technologies with robotics to create general-purpose humanoids aimed at making a positive impact on humanity and preparing for a better future.

The company has already established a key partnership with BMW, where its robots are being tested in the automotive giant’s U.S. facilities.

During a podcast interview with Bill Gates, OpenAI’s CEO Sam Altman discussed the company’s keen interest in hardware technology. He mentioned that OpenAI is exploring opportunities in the physically intensive blue-collar sector and robotics.

Sam Altman said, “We’ve started investing a little bit in robotics companies. On the physical hardware side, there’s finally, for the first time that I’ve ever seen, really exciting new platforms being built there.”

The pursuit of humanoid robotics by Figure AI is driven by the ambition to eliminate unsafe and undesirable jobs, particularly in sectors grappling with severe labor shortages, such as manufacturing, shipping, logistics, warehousing, and retail.

The company’s humanoid robots, including their flagship model Figure 01, are designed to perform human-like tasks with high precision, showcasing capabilities like making coffee.

The potential investment from Microsoft and OpenAI underscores the growing interest and confidence in humanoid robotics. Microsoft is rumored to contribute approximately $95 million, with OpenAI adding around $5 million.

As this news broke on the internet, social media platforms buzzed with people sharing their excitement.

This funding, if finalized, would not only enhance Figure AI’s capabilities but also position it as a significant player in the rapidly evolving field of robotics.

The investment talks come as the global robotics market is expected to reach $3 trillion by 2050, indicating the immense potential and growing demand in this sector.

Some believe that machines are on the verge of taking over soon.

While some believe Microsoft’s investment in this project appears somewhat unsettling or eerie.

The race to develop advanced humanoid robots is intensifying globally, with major players like Tesla and Boston Dynamics leading the way.

Competitors such as Agility Robotics and Apptronik are already testing their robots in Amazon warehouses, signifying a growing trend of humanoid robots across various industries.

The potential collaboration between Microsoft, OpenAI, and Figure AI could mark a pivotal moment in advancing humanoid robotics.

This investment reflects confidence in Figure AI’s vision and signals the increasing integration of AI and robotics in solving real-world problems.

For more AI news and insights, visit the news section of our website.

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Dave Andre

Editor

Digital marketing enthusiast by day, nature wanderer by dusk. Dave Andre blends two decades of AI and SaaS expertise into impactful strategies for SMEs. His weekends? Lost in books on tech trends and rejuvenating on scenic trails.

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