Feng is among a small cohort of savvy early adopters making serious cash from China’s OpenClaw craze. As users with little technical background want in, a cottage industry of installation services and preconfigured hardware has sprung up. The rise of these tinkerers shows just how eager the general public in China is to adopt cutting-edge AI—despite huge security risks. Read the full story.
—Caiwei Chen
Brutal times for the US battery industry
Another battery business has fallen: 24M Technologies, once worth over $1 billion, is reportedly shutting down.
Just a few years ago, the industry was hot, hot, hot. Countless companies were popping up, with shiny new chemistries and huge funding rounds. But now, the tide has turned. Businesses are failing, investors are pulling back, and batteries, especially for EVs, aren’t looking so hot anymore.
There are bright spots. China’s battery industry is thriving, and US stationary storage remains resilient. But it feels as if everyone is short on money these days, and as purse strings tighten, there’s less interest in novel ideas.
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—Casey Crownhart
The must-reads
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