The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 2 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Humanoid robots will not displace labor near-term due to massive shortages
“I think in like the near and medium case, we're really not going to be displacing that much labor. I think what we're seeing every day we're walking into a warehouse or manufacturing a retail scenario, they have a tremendous amount of unemployment. The turnove…”
Figure aims to ship one million humanoid robots within 10 years
“I hope within the next, you know, 10 years, we can ship at least a million robots into the world.”
Special-purpose robots will never reach high volumes or scale AI
“And then the problem there is you're building one product for one application. That application will never be done. A product will never be manufactured in high volumes, which is hard for cost. And you're never really going to build an AI data engine on one pr…”
Billions of humanoid robots will be manufactured to solve labor shortages
“We think there's an opportunity to manufacture millions and ultimately billions of robotics to help with the world, and we think that's going to have, like, very substantial impact on the economy.”
Figure aims for human-speed robot performance by the end of 2023
“We actually have a full warehouse built in our lab here, and we want to do full end-to-end human speed performance of the robot by end of year.”
Walking a humanoid robot within one year has never been done
“So our one year anniversary is coming up for the business. We're going to try to walk the robot before that, which has never been done. That's basically one, like less than a year getting basically the whole team together, getting the vision for the company, l…”
Figure hopes to test elderly care robots in homes within 10 years
“I would certainly hope that at the tenure mark, we're starting to do testing in homes with caring for the elderly and other things.”
All Figure leaders write code or design CAD
“Everybody here codes or cats are my directors like me, like our CTA. Everybody here is in the weeds working on the business, helping to build a better product. And so we're not sitting here doing like weekly reviews, like doing like quarterly, like three sixti…”
Adcock: Figure and Archer Used 10-to-1 Supermajority Founder Voting Stock
“What I've done at Figures here is I have a special class of stock, and I had this work at Archer that is super majority. So my stock is has a 10 for one vote versus the common and preferred. And that's sitting in the special share class of common stock.”
Adcock: Figure's Initial Board Gave Him Control of Three Seats
“When I set up the business, like here at figure, like I set up basically three seats. For myself. So two for common shareholders, which I'm a majority of the common. So the common get to vote on two seats. I'm the majority of that being the, you know, the foun…”
Lieberman: Brett Adcock Invested First Exit Proceeds Into Archer and $100M Into Figure
“Like I think of like Brett, Brett Adcock, who took all of the money from his first exit put it into his second company, which was an electric vertical takeoff and landing business called Archer. Then he took a hundred million dollars from that business and put…”
Everyone at Figure is an engineer except two longtime operators
“We basically have, like, two people, and then on the whole, everybody here is engineers except for two people. Those two people have been with me at Bettery. They're my first, like, my first hire at Bettery, and then the first hire is at Archer, and first, ver…”