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Brett Adcock Profile picture
@adcock_brett
Feb 29 • 7 tweets • 2 min read • Read on X
Excited to share: Figure raises $675M at $2.6B Valuation

+ OpenAI & Figure signed a collaboration agreement to develop next generation AI models for robots

Below are the details: Image
@Figure_robot @OpenAI $675M Series B investments from:

- Microsoft
- OpenAI Startup Fund
- NVIDIA
- Jeff Bezos (through Bezos Expeditions)
- Parkway Venture Capital
- Intel Capital
- Align Ventures
In addition, OpenAI & Figure signed a collaboration agreement to develop next generation AI models for humanoid robots

The collaboration aims to help accelerate Figure’s commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language
We will be using this investment to ramping up Figure’s timeline for humanoid commercial deployment and will be used for:

- AI training
- Manufacturing
- Deploying more robots
- Expanding engineering headcount
- Advancing commercial deployment efforts
Last month we showed Figure 01 making coffee only using neural networks

Learned end-to-end visuomotor policy mapping onboard images to actions at 200Hz

We’re excited to be pushing the limited of robot learning with OpenAI

We are scaling up our AI training:

Figure will leverage Microsoft Azure for AI infrastructure, training, and storage

Excited to partner with OpenAI and Microsoft to bring embodied AI to the real world

Interested in joining our team? Apply here: figure.ai/careers
If you're interested in AI robotics, follow our journey: @Figure_robot

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More from @adcock_brett

Brett Adcock Profile picture
Jun 16
Significant progress in AI and Robotics this week.

Big developments from Apple, OpenAI, Luma Labs, NVIDIA, Stanford, Northrop Grumman, Google DeepMind, Stability AI, and Microsoft.

Here's everything that happened and how to make sense out of it:
Apple revealed Apple Intelligence at WWDC: Apple’s first AI system is coming to the iPhone, iPad, and Mac.

Here’s one of many new features coming to the iPad: using a calculator as a notepad and getting real-time answers for math questions
Apple and OpenAI also announced a partnership directly integrate ChatGPT into iOS 18, iPasOS 18, and macOS

This includes functionalities like a smarter Siri, image and document understanding without needing to switch between different tools
Read 16 tweets
Brett Adcock Profile picture
Jun 15
Spent the last 20 years building software & hardware companies

> Last software company sold for $100M
> Then took my company public at $2.7B

Here are my top 9 lessons learned:
1/ Keep headcount low

Larger teams will only make you slower, which is counterintuitive for most

Larger teams = managers/directors, harder to communicate & more planning

One trick I've learned: try hiring people who are *actually* doing the work. If you hire people managers they will just want to hire more people to do the work

You will build a much healthier company if you can do this, but keeping headcount low is more difficult - it's a complete grind
2/ Avoid having a C-suite for as long as possible

This goes again the traditional wisdom

You will get a lot of pressure from your board + advisors

But resist hiring a C-suite for as long as you can - they will slow you down by building up large and expensive teams
Read 11 tweets
Brett Adcock Profile picture
May 26
A ton of AI and Robotics developments this week.

Big announcements from Naver Labs, Microsoft, Tokyo Robotics, MIT, IDEA Research, Cohere, Anthropic, and UC Berkeley.

Here's everything that happened and how to make sense out of it:
Navar Labs made "NAVER 1784", a Starbucks store with over 100 robots.

The robots called “Rookie” bring Starbucks drinks to meeting rooms and private seats.

The store also has a robot with dual arms that perform various tasks and experiments (see Demo).
Microsoft revealed Copilot+ PCs: The world's first 'AI-first' PCs

The PCs can run AI workloads up to 20x faster and 100x more efficiently than traditional PCs and are 58% faster than a Macbook Air M3.

It'll ship with OpenAI's latest GPT-4o model.
Read 12 tweets
Brett Adcock Profile picture
May 19
We just had one of the biggest weeks for AI and Robotics of the entire year.

Huge announcements from OpenAI's GPT-4o, ChatGPT Voice, Apple Eye Tracking, Project Astra, Gemini 1.5 Flash, Unitree, and more.

Here's everything that happened and how to make sense out of it:
OpenAI introduced GPT-4o.

It's a multimodal AI model that can integrate text, vision, and audio processing.

They also announced that it would be available to all ChatGPT users, including those with only a free plan.
OpenAI also announced new voice capabilities rolling out to ChatGPT soon.

ChatGPT voice will be able to handle real-time responses, detect and respond with emotion, and combine voice with text and vision.

The demos shared were pretty incredible
Read 12 tweets
Brett Adcock Profile picture
May 5
A ton of AI and Robotics developments this week.

Big announcements from Nvidia, Columbia University, OpenAI, Amazon, Google, Stanford, Scale AI, and more.

Here's everything that happened and how to make sense out of it:
Nvidia announced 'DrEureka', an LLM agent that automates writing code to train robot skills.

They used DrEureka to train a robot dog to balance/walk on a ball in simulation and transferred the skills to the real-world zero-shot and without any finetuning
We demo’d some of the latest AI at Figure HQ during 60 Minutes last week.

At 0:57, you can see Figure-01's common sense reasoning.

To achieve this, we connected a pre tained model via OpenAI.
Read 12 tweets
Brett Adcock Profile picture
Apr 28
Major AI x Robotics developments this week.

Significant announcements from Microsoft Phi-3, Tau Robotics, Sanctuary AI, Apple, Synthesia, Adobe Firefly, and more.

Here's everything that happened and how to make sense out of it:
Microsoft just launched Phi-3, a family of small open-sourced LLMs

Phi-3-mini (the smallest version) rivals Mixtral and GPT 3.5 on benchmarks and is small enough to run on a phone
Tau Robotics came out of stealth with a new demo featuring autonomous robot arms that learn in the real world.

The video is 1.5x, and only the first two arms are autonomous — but still impressive.

The startup is building 'general AI for robots'
Read 12 tweets

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