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Microsoft, OpenAI eyeing $500M investment in humanoid robotics: report

Jan 31, 2024 - businessinsider.com
Microsoft and OpenAI are reportedly considering investing up to $500 million in Figure AI, a humanoid robotics startup. The potential funding could value Figure AI at $1.9 billion, making it the first humanoid robotics unicorn. The startup, founded in 2022, aims to deploy autonomous humanoid workers globally and has already signed a partnership with BMW to test its robots.

The robotics market, expected to be worth $3 trillion by 2050, is becoming increasingly competitive. Elon Musk has indicated that Tesla may start shipping its own humanoid robot, Optimus, next year. Meanwhile, US-based rivals Agility Robotics and Apptronik are already testing their robots in Amazon warehouses. Microsoft, OpenAI, and Figure AI have not yet responded to requests for comment.

Key takeaways:

  • Microsoft and OpenAI are reportedly considering an investment of up to $500 million in humanoid robotics startup, Figure AI.
  • The funding could potentially value Figure AI at $1.9 billion, making it the first humanoid robotics unicorn.
  • Figure AI, founded in 2022, has already signed an agreement with BMW to test its robots in a South Carolina factory.
  • Other competitors in the humanoid robotics market include Tesla, Agility Robotics, and Apptronik, with some of their robots already being tested in Amazon warehouses.
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