Tech giants Amazon, Nvidia and Microsoft have invested a total of $675 million in Figure AI's humanoid robot startup, powered by OpenAI. This round of funding demonstrates the growing interest in the field of artificial intelligence and potential developments in robotics technology. This initiative, led by Figure AI, is backed by OpenAI and a consortium of investors. With the latest investment, Figure AI is now valued at approximately $2 billion.
Amazon, Nvidia and Microsoft in Action
Jeff Bezos' $100 million commitment through Explore Investments LLC and Microsoft's $95 million investment are just some of these significant investments. Nvidia and a fund affiliated with Amazon have also contributed $50 million. This growing financial backing demonstrates the rising interest in AI startups like ChatGPT, which launched in November 2022 and is rapidly gaining popularity.
With OpenAI's direct investment of $5 million, Figure AI's support has grown even stronger. This was followed by Intel's venture capital arm LG Innotek, Samsung's investment group and other backers such as Parkway Venture Capital and Align Ventures.
Growing interest in AI startups has led to a surge in investments, driven by successful startups such as OpenAI's ChatGPT. This reflects a trend of tech giants diversifying their portfolios to include innovative AI startups. Companies such as Amazon, Nvidia, and Microsoft are investing in this space with the aim of harnessing the potential of groundbreaking advances in robotics technology and the transformative power of AI.
What Does Figure AI Do?
Based in Sunnyvale, California, Figure AI has played a key role in the development of versatile humanoid robots that can navigate various environments and perform a multitude of tasks.
In its first round of external funding last year, the company raised $70 million led by Parkway Venture Capital, demonstrating early confidence in robotics technology. Investments from major players such as Amazon, Nvidia and Microsoft show that Figure AI has high potential to revolutionize the robotics industry.
Artificial Intelligence Coins Could Be Affected by This Development
I believe that the field of artificial intelligence should be seen as a whole. Therefore, any investment in the AI sector can have a significant impact on the prices of AI coins.
It is worth following FET, GRT, RNDR and AGIX and other AI coins, especially with Worldcoin.
