Bezos, Nvidia Are Backing 'Figure AI' At Roughly $2B Valuation; Figure AI Is Developing Robot That Looks And Moves Like A Human
Portfolio Pulse from Benzinga Newsdesk
Jeff Bezos and Nvidia are investing in Figure AI, a company developing a human-like robot, at a valuation of approximately $2 billion, according to Bloomberg.
February 23, 2024 | 5:58 pm
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Amazon's involvement in Figure AI through Jeff Bezos' investment could signal strategic interest in AI and robotics, potentially enhancing its tech portfolio.
Jeff Bezos' investment in Figure AI, while personal, could reflect or influence Amazon's strategic directions, especially in AI and robotics, areas relevant to Amazon's operations and future growth.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Nvidia's backing of Figure AI aligns with its focus on AI and computing, potentially boosting its position in AI hardware and software markets.
Nvidia's investment in Figure AI is directly aligned with its core business of AI and computing. This move could enhance Nvidia's reputation and market position in AI technologies, driving demand for its products.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80