Microsoft and OpenAI discuss investing up to $500 million in Figure AI Inc. The deal could value Figure AI at $1.9 billion.

Microsoft and OpenAI are discussing a potential $500 million investment with Norwegian AI robotics startup 1X Technologies, backed by OpenAI. Microsoft is expected to contribute $95 million, while OpenAI plans to invest $5 million. The deal could value Figure AI at $1.9 billion before the funding, potentially doubling its status as a unicorn. Figure AI is developing an AI-powered robot, Figure 01, designed to undertake hazardous jobs not suitable for humans and address labor shortages. The robot is intended for global supply chain support and various industries.

Credit: Analytics India Magazine