Meet The New AI Robot Billionaire

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Armed with more than $750 million in funding, Brett Adcock vows that Figure will become one of the most important businesses in the world. First, there is a lot of work to do. Adcock, the 38-year-old founder and CEO of robot maker Figure, is riding high. In January, the company announced a collaboration with BMW, with the goal of putting Figure’s robots to work at the German automaker’s Spartanburg, South Carolina manufacturing plant. Six weeks later, Figure raised $675 million at a $2.6 billion valuation from the likes of Microsoft, Nvidia, OpenAI Startup Fund and Jeff Bezos. At the same time, Figure signed a collaboration agreement with OpenAI to develop next generation AI models for humanoid robots. • The valuation makes Adcock, who owns about 50% of the Sunnyvale, California company, a new billionaire. With his Figure stake and shares from a previous startup, he’s worth an estimated $1.4 billion. • Even with all the money in the world, success is not assured. • 0:00 Intro • 0:35 Who is Brett Adcock? • 1:45 Building the Figure Team • 2:18 What Makes Figure Different? • 3:16 Figure 01 Demonstration • 4:44 Training Humanoids • 6:47 The Future of Robots • Read the full story on Forbes: https://www.forbes.com/sites/kerryado... • Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... • Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: • https://account.forbes.com/membership... • Stay Connected • Forbes newsletters: https://newsletters.editorial.forbes.com • Forbes on Facebook: http://fb.com/forbes • Forbes Video on Twitter: / forbes • Forbes Video on Instagram: / forbes • More From Forbes: http://forbes.com • Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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