Bezos, Nvidia join OpenAI in funding humanoid robot startup
Amazon.com founder Jeff Bezos, Nvidia and other big Technology names are investing in startup Figure AI that develops human-like robots, Bloomberg News reported on Friday, citing people with knowledge of the situation. Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation of about $2 billion, according to the report. Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million, the report added. Investments in artificial intelligence startup s have sparked after the launch of OpenAI's viral chatbot ChatGPT in November 2022, as investors sense an opportunity, betting on these startup s that they might outpace bigger rivals. OpenAI, which at one point considered acquiring Figure, is investing $5 million, the report added. Backers include Intel's...