UPS in talks with Figure AI for possible robotics partnership - Bloomberg
Investing.com -- United Parcel Service Inc. (NYSE: UPS ) is currently in discussions with Figure AI Inc., a robotics startup, to potentially use humanoid robots for certain tasks within the UPS network. The talks began last year and have been ongoing in recent months, according to a report from Bloomberg, citing individuals who are familiar with the situation but requested anonymity due to the private nature of the discussions.
The specific roles that Figure’s humanoid robots would perform for UPS are not yet clear. In February, Figure AI hinted at a possible collaboration with a logistics company by posting a 90-second video. The video featured a 5-foot-6-inch robot standing next to a conveyor belt, picking and sorting small parcels.
UPS declined to comment on "specific or potential vendor partners" but acknowledged that the company regularly explores and deploys a variety of technologies, including robotics. A representative from Figure AI chose not to comment on the matter.
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