Faraday Future raised $25 million for its robotics pivot. The fine print tells a different story.
Faraday Future announced on Thursday that it has raised $25 million through convertible promissory notes, bringing its total financing over the past two months to $70 million. The company says the capital is sufficient to fund Phase 1 of its robotics business plan through the end of 2026. The stock, which trades on Nasdaq under […]<br /> This story continues at The Next Web [...]
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Faraday Future pitches a ‘fresh start’ with a minivan EV prototype at CES 2025
At CES 2017, Faraday Future introduced its futuristic luxury EV, the FF 91. Seven years later, following repeated delays, bankruptcy, lawsuits and other controversies, the company has sold “15 or 16 [...]
Faraday Future pitches a ‘fresh start’ with a minivan prototype at CES 2025
At CES 2017, Faraday Future introduced its futuristic luxury EV, the FF 91. Seven years later, following repeated delays, bankruptcy, lawsuits and other controversies, the company has sold “15 or 16 [...]
The app store for robots has arrived: Hugging Face launches open-source Reachy Mini App Store with 200+ apps
There's an app for nearly every imaginable user and use case these days, but one thing they all have in common is that they're centered around one device: the smartphone.That changes today a [...]
Kai-Fu Lee's brutal assessment: America is already losing the AI hardware war to China
China is on track to dominate consumer artificial intelligence applications and robotics manufacturing within years, but the United States will maintain its substantial lead in enterprise AI adoption [...]
Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]
Nvidia releases DreamDojo, a robot ‘world model’ trained on 44,000 hours of human video
A team of researchers led by Nvidia has released DreamDojo, a new AI system designed to teach robots how to interact with the physical world by watching tens of thousands of hours of human video — a [...]
Baseten takes on hyperscalers with new AI training platform that lets you own your model weights
Baseten, the AI infrastructure company recently valued at $2.15 billion, is making its most significant product pivot yet: a full-scale push into model training that could reshape how enterprises wean [...]