
Amazon has announced a significant investment initiative, committing $1bn to its industrial innovation fund aimed at supporting startups that integrate artificial intelligence (AI) with robotics. This move is part of the e-commerce giant's strategy to enhance efficiency across its vast logistics network. The investment is expected to foster innovation in AI and robotics, with companies like Figure AI, which is developing a general-purpose humanoid and has received investment in its latest round from Amazon, being highlighted as key players in this evolving field. Other tech giants, including Microsoft, OpenAI, and Nvidia, are also investing in similar ventures through a Silicon Valley start-up, aiming to introduce AI-powered humanoid robots into the workforce, potentially transforming the global labor market. This collective push towards AI and robotics signifies a major shift towards automating manufacturing, logistics, warehousing, and retail sectors, promising to redefine the future of work, as seen with Figure's AI robots gearing up to transform BMW’s US factories.

















Financial Times @ft: Microsoft, OpenAI and Nvidia back $2.6bn robot start-up - Financial Times. #aistrategy #aiact #GenAI https://t.co/9FDxpj5IjS
The Bay Area just got a funding boost for humanoid robots. https://t.co/7iCBStXGR4
Financial Times @ft: Amazon's $1 Billion Innovation Fund Looking for AI Startups | Entrepreneur. #AI #aiact #MachineLearning https://t.co/A1d6qitbAj