Microsoft, OpenAI and Nvidia back $2.6bn robot start-up [FT.com - Mergermarket]
Archer Aviation Inc. Class A (ACHR)
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Source: FT.com - Mergermarket
Michael ActonJump to comments sectionUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft, OpenAI and Nvidia are among the investors backing a Silicon Valley start-up that aims to introduce artificial intelligence-powered humanoid robots to the workforce and transform the global labour market.Figure AI said on Thursday it had raised $675mn from some of the world’s leading AI companies in a new funding round that valued the company at $2.6bn. It plans to use the capital to scale up its AI training, robot manufacturing and hire more engineers.The start-up has also struck an agreement with OpenAI to develop the “next generation AI models for humanoid robots” and signed an AI infrastructure deal with Microsoft, the company added.“Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible,” said chief executive Brett Adcock, who founded Figure nearly two years ago.Adcock, wh
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ACHR
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- ACHR's page on the SEC website