This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Fuel prices are soaring. Plastic could be next. As the war in Iran continues, one of the most visible global economic ripple effects has been fossil-fuel prices. But looking ahead, further consequences could…
AI dev platform Hugging Face has acquired Pollen Robotics, a robotics startup based in France, for an undisclosed amount. Wired reports that Hugging Face plans to sell Pollen’s humanoid robot, Reachy 2, and let developers download and suggest improvements to its code. Pollen Robotics, which aims to bring affordable humanoid robots to the home, was […]
Self-driving truck startup Kodiak Robotics plans to go public via a merger with special purpose acquisition company Ares Acquisition Corporation II. The transaction values Kodiak, which has raised around $243 million to date, at about $2.5 billion pre-money. New and existing Kodiak institutional investors, like Soros Fund Management, ARK Investments, and Ares, have funded or […]
The manufacturing industry is at a crossroads: Geopolitical instability is fracturing supply chains from the Suez to Shenzhen, impacting the flow of materials. Businesses are battling rising costs and inflation, coupled with a shrinking labor force, with more than half a million unfilled manufacturing jobs in the U.S. alone. And climate change is further intensifying…
Tech buzzwords are clanging through the halls of Washington, DC. The Trump administration has promised to “leverage blockchain technology” to reorganize the US Agency for International Development, and Elon Musk’s DOGE has already unleashed an internal chatbot to automate agency tasks—with bigger plans on the horizon to take over for laid-off employees. The executive order…