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Apptroniks Robotics from Austin Secures $350M

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RELEASES
🧨 Apptronik secures $350M for robotics
🧨 Elon & Altman Drama - conditions for withdrawal


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🧨 Apptronik 🧨

Apptronik secures $350M for robotics

source CES 2025

Apptronik, an Austin-based robotics company, has raised $350 million in a Series A funding round led by B Capital and Capital Factory, with participation from Google. The investment aims to scale the production of Apptronik's humanoid robot, Apollo, designed for tasks in logistics and manufacturing.

  • Apollo's Industrial Applications: Apollo is engineered to perform tasks such as moving packages in warehouses and assisting in manufacturing processes, enhancing efficiency in supply chain operations.

  • Expansion into Healthcare
    Apptronik plans to extend Apollo's capabilities to sectors like elder care and healthcare, aiming to address labor shortages and improve service delivery.

  • Competitive Landscape
    With this funding, Apptronik positions itself alongside companies like Tesla and Figure AI in the rapidly evolving humanoid robotics market.

The company has established collaborations with Google DeepMind's robotics team, Mercedes-Benz, and GXO Logistics, integrating advanced AI and robotics into various industries. Read more on Crunchbase about the deal.

🧨 OpenAI 🧨

Elon & Altman Drama - conditions for withdrawal

source CNBC

Elon Musk has proposed a $97.4 billion bid to acquire OpenAI, aiming to prevent its transition from a nonprofit to a for-profit entity. He asserts that this move is essential to preserve OpenAI's original mission of developing AI for the benefit of humanity. However, he will withdraw his bid on a few conditions. Here are the key details on the drama.

  • Conditional Withdrawal
    If OpenAI agrees to maintain its nonprofit status and halts plans to become a for-profit organization, Musk will back off.

  • Legal Actions
    Musk has filed a lawsuit against OpenAI and its CEO, Sam Altman, seeking a preliminary injunction to stop the company's restructuring, arguing it undermines its founding mission.

  • Offer Rejection
    Sam emphasized that OpenAI is not for sale - boohoo!

  • Investor Backing
    Musk's bid is supported by prominent venture capital firms like Valor Equity Partners, indicating significant financial backing for his proposal.

  • Strategic Intent
    Definately a mistery, but here we have little love for mister Sam Altman.

If it peaks your interest, view the bid here. That’s all for now.

🗞️ NEWSROOM 🗞️ 

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Unitree Is Preparing to Establish Branch Offices in Beijing and Shanghai
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