Brett Adcock is the Founder & CEO of Figure, the $39 billion company tackling one of the most ambitious challenges in technology — building a general-purpose humanoid robot that can do the work of a human, both on the factory floor and inside the home.
About 50% of global GDP is human labor. In this episode of Sourcery, we go inside Figure's headquarters for a full tour and sit-down interview on the future of robotics, AI, and jobs.
Brett shares why humanoid robots are already working today, how Figure plans to scale from thousands of units this year to 1 million per year, and why he believes this could become the biggest business in the world. Backed by nearly $2B across rounds — including investment from Jeff Bezos, Microsoft, Nvidia, and Amazon — Figure 15x'd its valuation to $39B in just 18 months. We also cover Brett's decision to part ways with OpenAI, the challenges of building physical intelligence, and what it takes to solve one of the hardest problems in engineering.
We cover:• Why humanoid robots are finally real• The roadmap to millions of robots• Figure’s production ramp and demand• Why robotics is an intelligence problem• The OpenAI partnership — and breakup• The risks of building physical AI (Capital, Economics, Valuation)• Brett’s vision for general robotics
If humanoids work, they will reshape the global economy.
Brett Adcock: https://x.com/adcock_brett
Molly O’Shea: https://x.com/MollySOShea
Sourcery: https://x.com/sourceryy
𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒
YouTube: https://youtu.be/g1ESjEGG1SM
𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒
• Brex—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. https://brex.com/sourcery
• Turing—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. https://turing.com/sourcery• VCX—VCX is the public ticker for private tech, allowing investors of all sizes to invest in venture capital. View The Portfolio at http://GetVCX.com
• Deel—Deel is the global people platform that helps startups hire, manage, pay, and equip anyone, anywhere. Trusted by more than 35,000 fast-growing companies, Deel is the people platform that just works, so teams can scale without the chaos. Visit: https://www.deel.com/sourcery
• Public–Investing platform Public just launched Generated Assets, which lets you turn any idea into an investable index with AI. With Generated Assets, you can build, backtest, refine, and invest in any thesis with AI. Gone are the days of one-size-fits-all ETFs. https://public.com/sourcery
• Merge—The leading provider of customer-facing integrations and agentic tools for frontier LLMs, Fortune 500 organizations, and B2B SaaS companies. Visit https://merge.dev
Follow Sourcery for the latest updates!
https://www.sourcery.vc/
Disclosure
Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Crypto trading provided by Zero Hash LLC, licensed by the NYSDFS. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Brett Adcock, Founder & CEO at Figure
(01:13) Hot take on Humanoids
(04:09) Race to a Million Robots
(06:24) Building Figure From Scratch
(08:15) Leaving Archer aviation
(09:25) Post-IPO move
(12:54) Cover, Hark & NASA's IP
(16:06) How Figure Outgrew OpenAI
(19:18) Founder performance playbook
(24:24) Learning from Bezos and Jobs
(29:19) Biggest risks to the business
(31:26) Building the World's First Physical AGI
Sourcery 