Circular Deals in Action: Tesla Invests $2B in Elon Musk’s xAI
Tesla has invested $2 billion in Elon Musk’s xAI, the company behind Grok and X, as part of a framework to collaborate on AI and robotics aligned with Tesla’s Master Plan Part IV.
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Tesla has invested $2 billion in Elon Musk’s xAI, the company behind Grok and X, as part of a framework to collaborate on AI and robotics aligned with Tesla’s Master Plan Part IV.
Skild AI raised nearly $1.4 billion to advance a unified foundation model designed to control multiple types of robots. The funding values the company at more than $14 billion.
LG Electronics has introduced CLOiD, a home robot designed to automate daily household tasks as part of its Zero-Labor Home strategy. The robot integrates AI, robotics, and connected home systems.
French AI startup Mistral released Devstral 2, a coding-focused AI model, alongside Mistral Vibe CLI, offering context-aware code automation and enterprise-ready workflows.
Italian defense firm Leonardo will launch the “Michaelangelo Dome,” an AI-driven air-defense system designed to coordinate European anti-air platforms against Russian threats.
China’s National Development and Reform Commission warned that rapid growth in humanoid robotics fueled by heavy funding may lead to a bubble, as many firms create similar robots without proven applications.
AI and automation may eliminate 3 million low-skilled UK jobs by 2035, though professional roles are expected to rise, highlighting uneven workforce impacts.
AI testing startup Momentic raised $15 million in a Series A to expand its platform for automated software verification. The company helps developers simplify testing of user flows and critical code.
Uber partners with Starship Technologies to begin autonomous robot deliveries in Leeds and Sheffield this December, with expansion planned for Europe and the U.S.
NestAI raises €100 million to build physical AI for autonomous operations and defense, partnering with Nokia to expand Europe’s robotics and AI capabilities.
South Korea’s Bone AI emerges from stealth with $12M in seed funding and early B2G contracts, aiming to become a major “physical AI” player by unifying autonomy, hardware, and manufacturing.
Russia debuted its first AI-powered humanoid robot, Aidol, in Moscow, but the presentation faltered as the robot fell during its stage demonstration.