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Chronicles

The story behind the story

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Source: Figure, which is building a humanoid robot, is in talks to raise as much as $500M in a round led by Microsoft and OpenAI at a $1.9B pre-money valuation

could we see ChatGPT robots soon? Jyoti Mann / Business Insider : Microsoft and OpenAI are in talks to inject $500 million into humanoid robotics startup Figure AI, report says K L Krithika / Analytics India Magazine : Microsoft, OpenAI in Talks to Fund Figure AI's Humanoid Robots Rafly Gilang / MSPoweruser : Microsoft, OpenAI reportedly led $500 million funding round for robotic startup Figure AI Benson Mawira / Cryptopolitan : Microsoft and OpenAI Lead $500 Million Funding Round for Figure AI Inc. X: Andrew Curran / @andrewcurran_ : Microsoft and OpenAI are in talks to invest $100 million into Figure, which would then be valued at almost $2 billion. This would give Chat and Bing a non-Optimus path to embodiment. [image] Ian Kar / @iankar_ : the corporate equivalent of a “small $1m loan from my dad” Alyson Shontell / @ajs : A body for chatgpt/agi?! Mark Gurman / @markgurman : Microsoft and OpenAI are discussing investing a combined $100 million into AI robotics startup Figure AI - with the startup seeking a total investment round of $500 million at a valuation around $2 billion. https://www.bloomberg.com/... Forums: r/singularity : Humanoid Robot Startup Figure AI in Funding Talks With Microsoft, OpenAI

Bloomberg Mark Gurman

Context & Ripple Effects

Figure’s prospective round sits at the intersection of humanoid-robot development and frontier-AI capital. Subsequent coverage showed the financing expanding into a reported $675M round backed by Microsoft, Nvidia and Jeff Bezos, indicating that the initial talks were part of a broader strategic investor syndicate rather than a standalone venture bet.

The later confirmed raise paired Figure with OpenAI on next-generation robot models, while Figure also demonstrated its Figure 01 platform in related coverage. That makes this report an early marker of model developers and cloud platforms seeking a role in embodied-AI companies.

First-order effects

  • The talks give Figure a potential path to substantial development capital and the commercial validation of Microsoft and OpenAI; until an agreement closes, the reported amount and valuation remain unfinalized.
  • Microsoft and OpenAI would gain an early strategic position in a humanoid-robot developer, extending their interest from AI models and cloud services toward a potential physical deployment layer.

Second-order effects

  • Competing humanoid-robot startups may face greater pressure to show credible access to frontier models, compute, or strategic distribution partners when fundraising.
  • A well-capitalized Figure could intensify competition for robotics engineering talent, hardware suppliers, and pilot customers, while its prospective backers can shape demand for their AI and cloud offerings.

Third-order effects

  • If similar partnerships persist, humanoid robotics may consolidate around a small set of capital-rich model and cloud ecosystems rather than develop as a fully independent hardware market.
  • The link between frontier-model providers and embodied-AI startups could make strategic access to AI infrastructure as important as mechanical capability, though commercially useful general-purpose robots remain unproven in this record.

The trend: This is one data point in the convergence of frontier-AI financing, cloud platforms, and robotics startups pursuing embodied AI.

Discussion

  • @andrewcurran_ Andrew Curran on x
    Microsoft and OpenAI are in talks to invest $100 million into Figure, which would then be valued at almost $2 billion. This would give Chat and Bing a non-Optimus path to embodiment. [image]
  • @markgurman Mark Gurman on x
    Microsoft and OpenAI are discussing investing a combined $100 million into AI robotics startup Figure AI - with the startup seeking a total investment round of $500 million at a valuation around $2 billion. https://www.bloomberg.com/...
  • @iankar_ Ian Kar on x
    the corporate equivalent of a “small $1m loan from my dad”
  • @ajs Alyson Shontell on x
    A body for chatgpt/agi?!
  • r/singularity r on reddit
    Humanoid Robot Startup Figure AI in Funding Talks With Microsoft, OpenAI