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TIME Magazine has recognized two humanoid robots, the ultra-affordable Unitree R1 and the domestically-focused Figure 03, in its annual Best Inventions list, signaling the growing mainstream relevance of bipedal robotics.

A new TIME Magazine cover story provides the first in-depth, behind-the-scenes look at Figure and its new Figure 03 humanoid. The report contrasts the company's grand ambitions for a robot in every home with the current, often clumsy, reality of its capabilities, highlighting the significant data and safety hurdles that remain.

Figure has officially announced its third-generation humanoid, Figure 03. The new model features a complete hardware and software redesign focused on enabling its 'Helix' AI system, improving safety for home environments, and streamlining the robot for high-volume manufacturing.

Humanoid robotics company Figure has released a CGI teaser video for its upcoming Figure 03 model, revealing a sleek design with unique features like fabric mesh skin, palm-mounted cameras, articulated toes, and inductive charging in its feet. CEO Brett Adcock has called it 'the best humanoid robot the world has ever seen,' with a full unveiling scheduled for this Thursday, October 9.

Figure CEO Brett Adcock tweeted that the company's next-generation F.03 humanoid is now walking, calling it 'the most advanced hardware I've ever seen.' The announcement was made with a cryptic image of the robot behind a frosted glass door labeled 'F.03 BEAR CAVE.'