Feng is amongst a small cohort of savvy early adopters making severe money from China’s OpenClaw craze. As customers with little technical background need in, a cottage business of set up companies and preconfigured {hardware} has sprung up. The rise of those tinkerers exhibits simply how keen the normal public in China is to undertake cutting-edge AI—regardless of enormous safety dangers. Learn the total story.
—Caiwei Chen
Brutal instances for the US battery business
One other battery enterprise has fallen: 24M Applied sciences, as soon as value over $1 billion, is reportedly shutting down.
Only a few years in the past, the business was scorching, scorching, scorching. Numerous corporations have been popping up, with shiny new chemistries and large funding rounds. However now, the tide has turned. Companies are failing, traders are pulling again, and batteries, particularly for EVs, aren’t wanting so scorching anymore.
There are shiny spots. China’s battery business is flourishing, and US stationary storage stays resilient. Nevertheless it feels as if everybody is brief on cash as of late, and as purse strings tighten, there’s much less curiosity in novel concepts.
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—Casey Crownhart
The must-reads
