Ford announced Thursday that it’s delaying the production of two electric vehicles, a next-generation EV pickup and a three-row EV SUV.
Most recently, that startup mentality was on display with the Mustang Mach-E, Ford’s all-electric crossover.
The result was a crossover that has helped Ford claim second place in U.S. EV sales for several quarters in a row.
And don’t forget the original Ford assembly line, which while not a product, was definitely a product of entrepreneurial thinking.
Ford has excelled at those tasks: The Mustang Mach-E and the F-150 Lightning are by most accounts not just excellent EVs, but excellent vehicles overall.
Astera Labs started its life as a public company trading at $52.56 per share, up 46% when the bell rang.
Astera Labs makes connectivity hardware for cloud computing data centers.
Astera Labs’ IPO price valued it at around $5.5 billion, a figure that swells to around $8.9 billion at its current trading price.
The strong performance of Astera in its first hours as a public company could also ameliorate some investor activity that is holding back, or even preventing some public offerings altogether.
If VCs know that the startup could pop on the public market like Astera Labs, maybe they will think about the timeline differently.
Los Angeles-based Gitai said Tuesday that its autonomous robotic arm has nailed a tech demonstration outside the International Space Station.
Autonomous robotic systems still have a ways to go before they render human labor obsolete, especially here on Earth; but in space, human labor is expensive (and dangerous), which provides an opening for a robotic alternative.
The 1.5-meter autonomous robotic arm, which the startup calls S2, launched to the ISS aboard a SpaceX Falcon 9 in January.
In the nearer term, the company is targeting on-orbit satellite servicing for spacecraft in low Earth orbit and geostationary orbit.
The arm’s technology readiness level (TLR), a standard used by NASA to chart the maturity of technology, is now at 7, the highest level, Gitai said.
Bitcoin’s rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts.
The price of Bitcoin climbed in the wake of U.S. spot Bitcoin ETFs, driving a 42% price rally this month.
Users of the Coinbase app grew concerned on Wednesday as they logged in to find their accounts showing a zero balance, despite owning crypto assets.
We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling.
Remarked one user on X, who shared a picture of a zero balance, “My mom called and asked me and mine was at zero also,” they said.
At CES 2024, French startup Neoplants is showing off its progress with its houseplants that work as air purifiers designed for the home.
The bio-engineered plants can, according to the company, replace 20 “regular” houseplants, as measured by how many pollutants the plants can remove from the air.
The company has been beavering away putting some hard numbers and research behind the efficacy of its green houseplanty friends.
Besides, they look a lot better than even the best-designed air purifiers out there.
Going beyond the efficacy of common houseplants, Neo P1 addresses the critical problem of volatile organic compounds (VOCs) that pose health risks within our homes and offices.
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