PYMNTS.com February 27, 2024

New advances in artificial intelligence (AI) are allowing companies to develop robots with better features and more effective human interaction capabilities.

Figure AI has reportedly raised $675 million to develop AI-powered humanoid robots. Among the investors are Jeff Bezos’ Explore Investments, alongside technology firms such as Microsoft, Amazon, Nvidia, OpenAI and Intel. The investment reflects growing excitement in the field of robotics due to AI, experts say.

“AI can better enable robots to better understand their environments, allowing them to better detect objects and people they come across,” Sarah Sebo, an assistant professor of computer science at the University of Chicago, where she directs the Human-Robot Interaction (HRI) Lab, told PYMNTS in an interview.

“AI can allow robots to...

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Topics: AI (Artificial Intelligence), Investments, Robotics/RPA, Technology, Trends
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