Bezos, through his firm Explore Investments LLC, has committed $100 million to the venture. Microsoft is investing $95 million, while Nvidia and an Amazon.com Inc.-affiliated fund are each providing $50 million. The investments are part of a broader push to find new applications for artificial intelligence.
Key takeaways:
- Jeff Bezos, Nvidia Corp., and other big tech names are investing in a business developing human-like robots, in a bid to find new applications for artificial intelligence.
- The startup, Figure AI Inc., is raising about $675 million in a funding round with a pre-money valuation of roughly $2 billion.
- Bezos has committed $100 million through his firm Explore Investments LLC.
- Microsoft is investing $95 million, while Nvidia and an Amazon.com Inc.-affiliated fund are each providing $50 million.