PYMNTS.com February 25, 2025
What happens when three AI startups walk into a room? They walk out with a fortune.
Startups in robotics and cloud artificial intelligence (AI) have collectively raised $2.3 billion, dominated by Figure, which makes humanoid robots for home and business.
Figure, backed by OpenAI, Nvidia and Microsoft, reportedly is in talks to raise $1.5 billion in a Series C funding round. Last week, the robotics AI startup unveiled Helix AI, a vision, language and movement model that powers its humanoid robots. Its robots were shown putting away groceries despite not being specifically trained on these food items.
Meanwhile, cloud AI startup Lambda said it has raised $480 million to build a hyperscaler cloud for AI developers and end users.
“Lambda’s...
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