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Redwood Materials reportedly cuts 5% of staff after $350M raise

[ad_1] Fresh off a $350 million raise, battery recycler and cathode-maker Redwood Materials is reportedly cutting around 5% of its workforce, according to Bloomberg News. Nevada-based Redwood employees around 1,200 employees, so the cuts affect a few dozen workers. The company, founded in 2017 by former Tesla CTO JB Straubel, …

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China says humanoid robot buzz carries bubble risk

[ad_1] Chinese firms have soared ahead in the race to develop AI-powered robots that could one day help perform everyday tasks. Photo: Jade GAO / AFPSource: AFP More than 150 Chinese companies are making humanoid robots but a market bubble risks forming in the rapidly growing futuristic industry, a Beijing …

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