Figure AI, a humanoid robot startup, has raised $675 million at a $2.6 billion valuation from investors including Jeff Bezos, Nvidia, and Microsoft. Intel's venture fund was also part of the investment round along with Cathie Wood's Ark Invest, Align Ventures and existing investor Parkway Venture Capital.

Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human. The company sees its robots being put to use in manufacturing, shipping and logistics, warehousing, and retail, 'where labor shortages are the most severe' though its machines aren't intended for military or defense applications.