New Delhi: Prominent figures within the expertise business together with Jeff Bezos of Amazon.com and Nvidia, are making investments within the startup Figure AI. This startup specializes within the improvement of human-like robots, as per Bloomberg News report.
According to the report, Figure AI, supported by OpenAI and Microsoft together with different buyers, is within the strategy of elevating roughly $675 million in a funding spherical. This funding spherical values the corporate at round $2 billion earlier than the funding. (Also Read: Google Announces Shutdown Of Google Pay In US; Find Out The Reason Here)
Bezos had dedicated $100 million by his firm Explore Investments LLC, whereas Microsoft is contributing $95 million. Nvidia and an Amazon-related fund are every providing $50 million in funding, as per report. (Also Read: Former Google Employee Makes Shocking Allegations, Says ‘Did Not Get Promotion Due To Skin Colour’)
Investments in startups targeted on synthetic intelligence have surged following the discharge of OpenAI’s extensively in style chatbot ChatGPT in November 2022. Investors see potential in these startups, betting that they might surpass bigger rivals within the area.
According to the report, OpenAI, which had beforehand thought-about buying Figure is now investing $5 million within the startup. Backers embrace Intel’s enterprise capital arm, LG Innotek, Samsung’s funding group, in addition to enterprise corporations Parkway Venture Capital and Align Ventures.
Other buyers within the startup embrace ARK Venture Fund, Aliya Capital Partners, and Tamarack, as talked about within the report. When approached for remark, Amazon, Nvidia, Microsoft, and Intel selected to not reply, whereas Figure AI and different talked about entities didn’t instantly reply to requests for remark from Reuters.
Figure, an organization situated in Sunnyvale, California, raised $70 million from buyers in its first exterior funding spherical. This firm focuses on creating humanoid robots with broad capabilities, appropriate for numerous environments corresponding to warehouses and retail settings. The funding was spearheaded by Parkway Venture Capital. (With Input From Reuters )
Source: zeenews.india.com
