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Amazon founder Jeff Bezos has joined tech giants Nvidia, Microsoft and ChatGPT maker OpenAI in investing in a startup developing human-like AI robots, a report said.
Bloomberg reports, citing sources familiar with the situation, that robot company Figure is currently raising about $675 million in a funding round, valuing the company at about $2 billion before the investment. .
how much each party is investingBezos invested $100 million through his investment company, Explore Investments LLC, according to the report. Microsoft has invested $95 million, and Nvidia and Amazon-related funds each have invested $50 million.
OpenAI has invested $5 million, the report said, adding that the Microsoft-backed company was at one point considering acquiring Figure.
According to the report, backers include Intel’s venture capital arm LG Innotek, Samsung’s investment group, and venture firms Parkway Venture Capital and Align Ventures.
ARK Venture Fund, Aliya Capital Partners and Tamarack are also among the startup’s investors.
Why investors are interested in these companies Launch of OpenAI’s popular chatbot ChatGPT in November 2022 increases investment in artificial intelligence startups as investors see potential in these companies and believe they can outperform larger competitors Did.
Figure AI, based in Sunnyvale, California, develops general-purpose humanoid robots that can operate in a variety of environments and handle a variety of tasks in areas such as warehousing and retail. Last year, the company secured $70 million in its first round of external funding from investors led by Parkway Venture Capital.
Both Bezos and NVIDIA also invested in Perplexity AI, raising $73.6 million in funding. Other investors include Institutional Venture Partners, with personal investments from former YouTube CEO Susan Wojcicki and Google AI’s Jeff Dean.
Bloomberg reports, citing sources familiar with the situation, that robot company Figure is currently raising about $675 million in a funding round, valuing the company at about $2 billion before the investment. .
how much each party is investingBezos invested $100 million through his investment company, Explore Investments LLC, according to the report. Microsoft has invested $95 million, and Nvidia and Amazon-related funds each have invested $50 million.
OpenAI has invested $5 million, the report said, adding that the Microsoft-backed company was at one point considering acquiring Figure.
According to the report, backers include Intel’s venture capital arm LG Innotek, Samsung’s investment group, and venture firms Parkway Venture Capital and Align Ventures.
ARK Venture Fund, Aliya Capital Partners and Tamarack are also among the startup’s investors.
Why investors are interested in these companies Launch of OpenAI’s popular chatbot ChatGPT in November 2022 increases investment in artificial intelligence startups as investors see potential in these companies and believe they can outperform larger competitors Did.
Expanding
Both Bezos and NVIDIA also invested in Perplexity AI, raising $73.6 million in funding. Other investors include Institutional Venture Partners, with personal investments from former YouTube CEO Susan Wojcicki and Google AI’s Jeff Dean.
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