According to South Korean media outlet ETNews, industry sources on June 18 indicate that LG Innotek plans to supply camera modules for Figure AI’s humanoid robots. The two companies are reportedly in negotiations over specific volumes and pricing. If a final agreement is reached, shipments are exp...

Robotics are rapidly emerging as a key growth area for global tech companies. According to Bloomberg, Samsung and NVIDIA are reportedly planning to acquire minority stakes in Skild AI as part of their efforts to strengthen their presence in the consumer robotics sector. Sources indicate that Sams...

According to a report from Reuters, David Sacks, the Trump administration’s AI and crypto czar, argues that China is not years behind the U.S. in AI development; instead, the gap may be as short as three to six months. The White House later clarified that he was referring specifically to China’s...

Foxconn Technology (Hon Hai) recently announced that its subsidiary, Foxconn Assembly LLC., has successfully leased two plants in Houston, Texas, with a total lease value of approximately USD 56.5538 million. This move is seen by the market as part of Foxconn’s continued efforts to expand its AI s...

Microsoft has reportedly initiated another round of layoffs just weeks after announcing its largest workforce reduction in years, Bloomberg notes. The move underscores the tech sector’s ongoing efforts to cut costs despite pouring significant investments into AI, according to the report. A noti...