Figure 03, our 3rd generation humanoid robot

It’s crazy to me that Apple hasn’t acquired them. Apple is looking for a way to get into AI, and I think this space is much more natural fit than some foundation model lab. The big hurdles to getting these into people’s homes is manufacturing scale, trust and privacy, and customer support, all things Apple is really good at.

Why would Apple acquire a company with a 39 billion dollar valuation that has no revenue whatsoever?

Because Apple has a whole lot of money, but no meaningful bets in the AI race.

Apple won't acquire something it can't turn into a product in medium term.