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