Figure AI CEO Navigates Scrutiny at Tech Conference

Brett Adcock, CEO of Figure AI, a company focused on humanoid robotics, faced questioning about the legitimacy of its partnership with BMW during a recent appearance at the Bloomberg Tech conference. While Figure AI’s progress is notable, skepticism surrounds their claims of real-world application, particularly after recent reports questioned the validity of this collaboration. Adcock attempted to provide details about the technology deployed within the BMW factory but avoided specifics regarding commercial contracts and financial arrangements. He highlighted technical benefits like performance tracking, indicating a preference for showcasing progress through video demonstrations rather than live events. Despite these developments, Figure AI’s ambitious goal of producing 100,000 robots within four years remains in sight, as the company seeks to attract $1.5 billion in funding at a valuation of $39.5 billion – further fueling the scrutiny surrounding their operations and choices. Adcock also addressed reports of cease-and-desist letters issued to brokers by the company regarding share trading activity.