Amazon.com founder Jeff Bezos, Nvidia and other big technology names are investing in startup Figure AI that develops human-like robots, the Bloomberg News reported on Saturday, citing people with knowledge of the situation.

Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft , is raising about $675 million in a funding round that carries a pre-money valuation of about $2 billion, according to the report.

Mr Bezos had committed $100 million through his firm, Explore Investments, and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million, the report added.

Investments in AI startups have sparked after the launch of OpenAI’s viral chatbot ChatGPT in November 2022, as investors sense an opportunity, betting on these startups that they might outpace bigger rivals.

OpenAI, which at one point considered acquiring Figure, is investing $5 million, the report added.

The other backers for the project include Intel’s venture capital arm, LG Innotek, Samsung’s investment group, as well as venture firms Parkway Venture Capital and Align Ventures, the report added.

ARK Venture Fund, Aliya Capital Partners and Tamarack are also among investors in the startup, according to the report.