The humanoid robot market, while still nascent, is expected to reach $38 billion by 2035, with over 250,000 units potentially shipped in 2030. Despite the high costs of components required for humanoid robots, these are expected to decrease in the coming years. Other companies, including Amazon-backed Agility Robotics, Tesla, and Boston Dynamics, are also working on developing humanoid robots.
Key takeaways:
- Startup Figure AI has raised $675 million at a $2.6 billion valuation from investors including Jeff Bezos, Nvidia, Microsoft and Amazon's $1 billion Industrial Innovation Fund, to develop humanoid robots.
- The company's general-purpose robot, Figure 01, is designed to perform tasks in industries such as manufacturing, shipping and logistics, warehousing, and retail, but not for military or defense applications.
- Figure AI is partnering with OpenAI to develop next generation AI models for humanoid robots and will use Microsoft's Azure cloud services for AI infrastructure, training and storage.
- The humanoid robot market is projected to reach $38 billion by 2035, with more than 250,000 units potentially being shipped in 2030, according to Goldman Sachs.