Humanoid Robot Startup Reportedly In Talks For Mega Funding Round Led By Microsoft, OpenAI
Portfolio Pulse from Ananya Gairola
Figure AI Inc., a humanoid robot startup, is in advanced talks to secure up to $500 million in funding led by Microsoft Corporation and OpenAI. Microsoft may invest $95 million and OpenAI $5 million, potentially valuing Figure AI at $1.9 billion pre-funding. The company, which develops AI-powered robots for hazardous tasks, previously raised $70 million led by Parkway Venture Capital. The deal is not yet finalized and may change or not occur at all. Tesla's Optimus robot and China's humanoid robot production plans are also mentioned in the context of the industry.
January 31, 2024 | 5:59 am
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POSITIVE IMPACT
Microsoft Corporation is reportedly leading a funding round for Figure AI Inc., with a potential investment of $95 million.
Microsoft's involvement in a significant funding round for an AI startup indicates a strategic interest in AI and robotics, which could positively influence investor sentiment and potentially impact MSFT's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla Inc.'s Optimus humanoid robot is mentioned in the context of skepticism in the field of AI-powered humanoid robots, following criticism of its viability.
The mention of skepticism surrounding Tesla's Optimus robot in the context of Figure AI's potential funding success could cast doubts on Tesla's robot project, possibly affecting TSLA's stock price negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50