Rivian CEO’s Robotics Company Raises $400 Million - WSJ

kept by eddie may 14

Mind Robotics, founded by Rivian CEO RJ Scaringe, raised $400 million to develop AI-powered industrial robots, bringing total funding over $1 billion.

Rivian rolls out new 'Universal Hands-Free' driving feature
Rivian releases Universal Hands-Free driving on Gen 2 R1 vehicles, covering 3.5M miles of roads but not handling traffic controls.
also on RJ Scaringe, Rivian, #automotive
Tesla ending Models S and X production
Tesla is discontinuing Model S and X production to reallocate resources toward Optimus robots and robotaxis.
also on #ai-robotics, #automotive
Ex-Twitter CEO’s AI Startup Raises Funds at $2 Billion Valuation - WSJ
Parallel Web Systems, founded by ex-Twitter CEO Parag Agrawal, raised $100M in Series B funding at a $2 billion valuation to build web search for AI agents.
also on Kleiner Perkins, #startups
First Drive: The 2027 Rivian R2 entirely changes the EV game - Ars Technica
Rivian's R2 midsize EV cuts weight and cost with simplified wiring, no hydraulic roll control, and 400V charging while retaining up to 345 miles of range.
also on Rivian, #manufacturing, #automotive
Anthropic Tops OpenAI to Become the World’s Most Valuable A.I. Start-Up
Anthropic surpassed OpenAI in valuation after a $65 billion fund-raising round, valuing it at $900 billion versus OpenAI's $730 billion.
also on #fundraising, #startups