• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

Billionaire Jeff Bezos, Nvidia join OpenAI in $675 million funding for humanoid robot startup 

Deborah Dan-Awoh by Deborah Dan-Awoh
February 24, 2024
in Billionaire Watch, Sectors, Tech News
Jeff Bezos,
Share on FacebookShare on TwitterShare on Linkedin

Tech moguls, including Jeff Bezos, are delving into the world of human-like robots, a venture driven by the quest to explore novel applications for artificial intelligence.  

Figure AI Inc., a startup in this domain, is securing a substantial $675 million in funding, and has a pre-money valuation of approximately $2 billion. With backing from heavyweights like OpenAI, Microsoft Corp., and Bezos’ Explore Investments LLC, Bloomberg first reported. 

Jeff Bezos is taking the lead with a commitment of $100 million, joined by Microsoft with a $95 million investment, while both Nvidia and an Amazon.com Inc.-affiliated fund contribute $50 million each.

RelatedStories

Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 

Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 

May 13, 2025
MacKenzie Scott,

Bezos’s ex-wife, MacKenzie Scott, is $3.69 billion poorer in 2025 

May 11, 2025

The initiative points to the industry’s collective pursuit of groundbreaking advancements in AI and robotics. 

What we know 

Amid technological advancement, Robots have taken priority in the AI industry, serving as conduits for cutting-edge technology to address tangible challenges.

At Figure, engineers are developing a humanoid robot, Figure 01, designed to emulate the appearance and movements of humans.  

  • The company aspires for Figure 01 to undertake hazardous tasks unsuitable for human involvement, thereby contributing to the mitigation of labor shortages. 
  • Joining the robotic revolution are key players in the tech industry, Intel Corp.’s venture capital arm is injecting $25 million, LG Innotek contributes $8.5 million, and Samsung’s investment group commits $5 million. 
  •  Notable backers encompass Parkway Venture Capital investing $100 million, Align Ventures providing $90 million, and participation from the ARK Venture Fund with $2.5 million, Aliya Capital Partners investing $20 million, along with contributions from Tamarack ($27 million), Boscolo Intervest Ltd. ($15 million), and BOLD Capital Partners ($2.5 million). This diverse consortium of investors converges to fuel advancements in AI-driven robotics. 

What you should know 

OpenAI, previously in discussions to acquire Figure, is now investing $5 million in the company.

The participation of these tech giants facilitated an increase in funding from the initially sought $500 million to an impressive $675 million for Figure. Representatives for Figure and the investors have refrained from commenting, and details are expected to be finalized by Monday. 

 The estimated pre-money valuation of around $2 billion does not incorporate the capital Figure is raising. In a previous funding round last May, Parkway led a $70 million investment in Figure. CEO Brett Adcock expressed the aspiration for Figure to pioneer a commercially viable humanoid robot.

The AI robotics industry has witnessed recent activity, with OpenAI-backed 1X Technologies AS securing $100 million, Sanctuary AI developing the humanoid robot Phoenix, and Tesla working on the Optimus robot.

Amazon-supported Agility Robotics has bots in testing at its warehouses, reflecting the dynamism in this technological domain. 

 Jeff Bezos, the world’s second-richest individual, continues to make strategic investments post his tenure as Amazon’s CEO, with a net worth estimated at $197.1 billion. 


Follow us for Breaking News and Market Intelligence.
Tags: human-like robotsJeff BezosNVidia
Deborah Dan-Awoh

Deborah Dan-Awoh

Deborah Dan-Awoh is a seasoned lifestyle analyst with a knack for storytelling. The focus of her work covers people, money and culture as it relates with business and economy. When she's not keeping tabs on the latest trends in lifestyle and finance- Deborah enjoys networking with industry experts to gain insight into major markets as it affects the populace

Related Posts

Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 
Billionaire Watch

Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 

May 13, 2025
MacKenzie Scott,
Billionaire Watch

Bezos’s ex-wife, MacKenzie Scott, is $3.69 billion poorer in 2025 

May 11, 2025
Jeff Bezos,
Billionaire Watch

Jeff Bezos to offload $4.75 billion in 1 year amid trade war fears 

May 3, 2025
Elon Musk, Jeff Bezos, other billionaires lose $300 billion in Trump’s first 100 days  
Billionaire Watch

Elon Musk, Jeff Bezos, other billionaires lose $300 billion in Trump’s first 100 days  

April 30, 2025
Meta to invest $65 billion in AI infrastructure in 2025 
Billionaire Watch

Zuckerberg, Bezos, 3 other tech billionaires lose $34.4 billion in market selloff 

March 29, 2025
NVIDIA: What you need to know about the company that’s 12x the size of Nigeria’s economy
Sectors

Cassava Technologies to build Africa’s first AI factory powered by NVIDIA 

March 24, 2025
Next Post
Nigeria, Malaysia to sign MoU over palm biomass industry

BlockDAG ignites FOMO with a $600 million vision, while eTUK TUK and Cardano's prices jump in 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028
  • SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 
  • Lagos Govt suspends building permits along Lagos-Calabar Coastal Highway corridor  

Follow us on social media:

Recent News

CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028

June 16, 2025
SEC warns Nigerians against investing in Risevest and Stecs  

SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics