Nvidia Invests in Humanoid Robotics Startup Figure AI, Eyes $38B Market Potential
-
Nvidia invested in Figure AI, a startup developing humanoid robots that could be used to automate tasks and reduce labor costs.
-
The total addressable market for humanoid robots could reach $38 billion by 2035 according to Goldman Sachs.
-
Nvidia's chips and software could play a crucial role in further developing Figure AI's robots.
-
Nvidia may also be looking to gain some exposure in the growing humanoid robotics space.
-
The investment comes after Nvidia recently invested in another AI company, SoundHound AI, as it seeks to expand beyond its core chip business.