Share story
Robotics

Xpeng robotics unit raises more than $900 million

Xpeng robotics unit raises more than $900 million Image: Primary
Xpeng's robotics unit raised more than $900 million at a post-money valuation above $6.3 billion, TechCrunch reported, as Chinese automakers broaden their humanoid-robot efforts. IDG Capital led the round, with Gaorong Ventures, Tencent and Alibaba participating, according to the article. Xpeng is developing Iron, a humanoid robot intended for commercial deployment. The article says other automakers are developing robots but does not establish their commercial deployment.
Sources
TechCrunch
In this story
Alibaba China
Published by Tech & Business, a media brand covering technology and business. This story was sourced from TechCrunch and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure
Infrastructure

AWS enables CloudFront delivery for Lambda Web Functions

AWS has enabled CloudFront to serve applications built on Lambda Web Functions through its global edge network without application code changes. The integration provides caching, custom domains with managed TLS certificates, and T...

Recent Announcements
Products Security
Products Security

IonQ agrees to acquire Elisity for up to $1.3 billion in stock

Quantum computing firm IonQ has agreed to acquire Elisity for as much as $1.3 billion in an all-stock transaction, Bloomberg reported. The deal is intended to expand IonQ's cybersecurity platform to address dangers assisted by art...

Bloomberg Technology
AI Capital
AI Capital

Suki raises $90 million to expand healthcare AI workflows

Suki raised a $90 million Series E led by Healthier Capital to scale its healthcare AI scribe business and add workflows in which AI takes actions, CEO Punit Soni told Axios. The company provides AI tools that document care for he...

Techmeme
Security Policy
Security Policy

UK expands AI vulnerability searches into closed government systems

The UK government will expand its use of frontier AI models to find vulnerabilities, moving the next phase into closed government systems. One pilot generated 407 findings across nine government organisations during a month of wee...

The Next Web
AI Infrastructure
AI Infrastructure

AWS launches Ray LLM containers for inference across GPU nodes

AWS has launched Ray LLM Deep Learning Containers for serving language models across multiple GPU nodes, extending its preassembled inference stack beyond single-node deployments. The containers bundle the inference engine, servin...

Artificial Intelligence