TECHNOLOGY

Meta to Invest in AI-Powered Humanoid Robots

Meta
The financing includes $27 billion in debt and $2.5 billion in equity via a Morgan Stanley-arranged SPV.

Meta Platforms Inc. is focusing on AI-powered humanoid robots and investing in developing AI, sensors, and software for robots to be sold by other companies.

The project, led by Marc Whitten (former CEO of General Motors’ Cruise division), is being developed within Meta’s Reality Labs division. 

The company is partnering with robotics firms like Unitree Robotics and Figure AI Inc. but won’t initially create its Meta-branded robot.

Meta aims to use its AI, augmented reality expertise, and data collection capabilities to accelerate progress in humanoid robotics. 

The goal is to create software and sensors that could become a foundation for the robotics industry, similar to how Google’s Android and Qualcomm’s chips revolutionised mobile phones.

Meta plans to spend $65 billion this year on its Reality Labs division, AI infrastructure, and humanoid robots. 

Unlike Tesla and Boston Dynamics, Meta targets home-use robots and acknowledges challenges due to the diverse layouts of homes. However, the company sees significant potential in this technology.

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