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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...

Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a US judge ruled Thursday. US Bankruptcy Judge John Dorsey in Wilmington, Delaware approved FTX's proposal to sell the shares after FTX reached a compromise in court with a group of FTX customers that had opposed the sale. FTX invested $500 million in Anthropic in 2021, and currently holds a 7.84 percent stake in the company, according to court documents. The company had sought permission to sell the shares as part of its court-supervised effort to liquidate its assets and repay customers who lost access to their accounts when the company collapsed in 2022. "We are selling the Anthropic shares , as we are selling everything, and putting the money in the bank," FTX attorney Andy Dietderich said at a Thursday court hearing. FTX expects to sell the shares at a profit, and it will retain flexibility to sell its shares at the "most optimal and appropriate time,...