Natalie Breymeyer / Axios : Chicago-based Formic, which provides robots-as-a-service automation to manufacturers, raised $50M, including a $40M Series B and $10M in asset-backed financing — Formic, a physical AI commercialization platform, raised $50 million in financing, CEO Saman Farid tells Axios exclusively. from Techmeme https://ift.tt/7c0VTaX via IFTTT
Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)
Meghan Bobrowsky / Wall Street Journal : Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 — The company, which reported record revenue of $64.2 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control from Techmeme https://ift.tt/TfoeRjF via IFTTT