Figure.ai Acquired for $100,000, Artificial Intelligence Domains Have Unlimited Potential

Recent news revealed that Brad Adcock acquired Figure.ai for $100,000 (approximately Rs 720,000), marking a major advancement in the field of artificial intelligence robotics.Figure.ai is an innovative company dedicated to advancing the adoption of general-purpose humanoid robots, which has garnered a lot of attention since its inception.

Brad Adcock is an American tech entrepreneur and the founder and CEO of Figure AI, who began his entrepreneurial journey with Vettery and founded Archer Aviation in 2018.As of June 2024, Forbes estimates Adcock's net worth at $1.4 billion.

Founded in 2022, Figure quickly launched its first product, 'Figure 01', a humanoid robot capable of walking that has garnered attention both inside and outside the industry. Earlier this year, Figure demonstrated the latest advancements in Figure 01, where the robot has been able to carry boxes and deliver them to a conveyor belt, albeit at a speed that is currently only 16.7% of that of a human.

Tech giants such as Microsoft, OpenAI, NVIDIA, and Amazon founder Jeff Bezos have shown strong interest in Figure AI and participated in the latest round of Series B funding, totaling $675 million. This funding has seen Figure AI's valuation rise to $2.6 billion, making it one of the companies to become a unicorn in the robotics industry in less than two years of existence.

With its strong financial backing and continued technological innovation, Figure AI is aggressively advancing the field of robotics and artificial intelligence. The company is committed to solving labor shortages in industries such as manufacturing, shipping, logistics, warehousing, and retail, and seeks to bring commercially viable humanoid robotics products to market.