Figure AI in talks with Microsoft and OpenAI for funding

Figure AI is aiming to secure $500 million in funding, with Microsoft Corp. and OpenAI leading the investment.

The company’s aim is to develop humanoid robots that can eliminate unsafe and undesirable jobs, particularly in industries facing severe labor shortages such as manufacturing, shipping and logistics, warehousing, and retail.

Robots are already being used in various industries for tasks such as warehouse work, intricate tasks, and healthcare-related activities, showcasing the growing integration of AI and robotics in the workforce.