AI startup making humanoid robots raises $1.1 billion in funding round

Figure is designing a faceless humanoid robot to complete real-world tasks. (Image: AP)

Mon, 04 Mar 2024

Jeff Bezos, Nvidia and Microsoft are betting a humanlike robot could be one of the hot new developments in artificial intelligence.They are among a group of investors, including OpenAI, that invested US$675 million (NZ$1.1 billion) in an artificial intelligence (AI) robotics company called Figure, the startup said, valuing it at US$2.6b. Tech companies are pouring cash into AI at a breakneck pace, with investors and analysts increasingly believing the AI boom is sustainable. More than US$29b was invested in generative AI companies las...

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