The Next Web (57 minutes ago)
Formic, a Chicago company that rents robots to American factories, has raised $50M. Today its robots are built for specific tasks. The money will help it move to general-purpose machines that can take on more kinds of factory work.
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Bose plans to keep Skullcandy running as its own brand, and its headquarters will stay put in Park City, Utah. It will sit inside Bose’s Premium Consumer Audio business, gaining access to Bose’s technology, global distribution, and retail partners while holding on to its own identity.
The world’s richest man has spent $445 million on GOP candidates and causes ahead of the midterms.
Chinese AI lab DeepSeek has raised about 100bn yuan ($15bn), one of the largest private funding rounds ever in China. Bloomberg reported the deal on Thursday, citing people familiar with the matter. Battery maker CATL and Tencent, which owns WeChat, were among the biggest investors.
Maxinsights pays people to wear cameras while they cook, clean and work. The Santa Clara startup has now raised $30M in seed funding to turn that footage into training data for robots. Peak XV led the round, the company announced on Thursday.
AI agents create new trade secret risks by allowing employees to access expertise or inadvertently expose proprietary information through personal devices.
A new Texas-based defense startup has a plan to improve military and police dogs in the US: it’s going to genetically modify them and equip them with Anduril’s military technology.
Intel could not make 10 times more leading-edge wafers even if it wanted to, says its chief technology officer, Pushkar Ranade. The world lacks the chipmaking tools. Doubling output is about the limit, he told Dwarkesh Patel on the Dwarkesh Podcast.
The UK government will set up a Wildfires AI Unit to help spot and fight fires faster, after the country’s hottest summer on record. Prime Minister Andy Burnham is setting out the plan at England’s first wildfire summit on Friday, The Guardian reported.
Rivian has bought Third Dimension AI, a startup that turns real-world camera footage into 3D scenes. The carmaker will use them to train and test its driver assistance and self-driving software. Rivian announced the deal on Thursday and did not disclose the terms.
Telefónica and IQM Quantum Computers will install an IQM Spark at the Universidad Politécnica de Madrid before the end of 2026. It will be the first quantum computer in the Community of Madrid, the two companies said when they announced the deal on Friday.
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