Figure AI Hits $2.6B Valuation with Top Tech Backers

👉 Key Highlights:
📍 Figure AI raises $675M, valued at $2.6B with Bezos, Nvidia, Microsoft, and Amazon backing.
📍 Figure 01 robot aims to address labor shortages in manufacturing, logistics, and retail.
📍 Startup excludes military use, focuses on general-purpose tasks.
📍 OpenAI and Microsoft Azure to enhance AI models and infrastructure for humanoid robots.
📍 Humanoid robot market projected to reach $38B by 2035, with significant cost reductions anticipated.

👉 Context/Background:
📍 Humanoid robots, designed to mimic human actions, are increasingly sought after for various industrial applications, aiming to alleviate labor shortages and improve efficiency.

👉 Why This Matters:
📍 Figure AI's significant funding and high-profile backers underscore the growing interest and potential in humanoid robotics for industrial applications.