Latest news with #EmbodiedAI
Yahoo
14-07-2025
- Business
- Yahoo
YT Jia Shares Weekly Investor Update: Actor Cody Walker to Speak Onsite and Reveal FX Product & Tech at the Global Initial Launch of the FX Super One MPV July 17
Four days away from the July 17th Global Initial Launch of the FX Super One & Super EAI F.A.C.E. & FF EAI Embodied AI Agent 6 x 4 Architecture. Cody Walker — from the Fast & Furious franchise and a globally respected automotive enthusiast — will be joining the FX team live on stage. The Company just signed another 700-unit B2B FX Super One deposit agreement, bringing the total number of binding deposit agreements for non-binding pre-orders for FX Super One to 4,800 units. LOS ANGELES, July 14, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. "Hello and welcome to Issue 011 of our Weekly Update! We are now just four days away from the Global Initial Product Launch of the FX Super One! Have you seen our countdown posters over the past few days? What kind of revolutionary product and technology will FX unveil? We'll see in just four days! This week's progress, starting with S1 User Ecosystem: FX Super One's B2B business model has once again made strong progress, with an additional 700 Super One secured this week, bringing the total number of binding deposit agreements for non-binding pre-orders for FX Super One to 4,800 units. More importantly, we've expanded into new industries, further broadening our ecosystem reach. First, we signed a deposit agreement for the FX Super One with MetaMega Group (MMG), a premium family office services firm based in Southern California. Our 'end-to-end B2B2C' co-creation ecosystem model now officially enters a new industry. For those less familiar with family office services, this is a high-end service sector providing customized financial, tax, education, and lifestyle solutions for high-net-worth families. MMG brings together nearly 300 seasoned advisors in Orange County, California, and enjoys a large and established base of high-net-worth clients. These high-net-worth families are one of FX Super One's core user segment targets. The family office sector provides deep access to this circle, allowing us to efficiently convert trusted relationships into purchase decisions and speed up our ultra-light sales model where 'scenarios are the showroom, and trust is the channel.' Second, this week, we also signed a deposit agreement with The Alps. They are a leading global MCN agency and a key TikTok partner, managing a network of over 3,000 influencers and creators. This collaboration once again validates the strong recognition our FF and FX Co-Creation Ecosystem Online Direct Sales model is receiving from top-tier international institutions. Third, in the FX Par, we welcomed another B2B partner into our system: Space Auto, a premium auto dealer located in Beverly Hills, the ultimate symbol of American ultra luxury and style. Specializing in high-end vehicle sales, leasing, and consignment, Space Auto is deeply rooted in LA's core luxury circles and is set to launch a new flagship store in West Covina. This expansion could help us reach new market pockets across the greater Los Angeles and Orange County area. Together, we could co-create and share blue-ocean value. Now, with S5 Capital Markets and Finance: In line with the 'Stockholders First' principle I emphasized when taking office as Co-CEO, we've partnered with Stockperks, a global investor engagement platform serving public companies across the world. We launched an exclusive Stockholder Perks Program to show our appreciation for FFAI stockholders. This special offer includes valuable benefits such as a $3,500 voucher toward the purchase of the FX Super One. This move aims to maximize the eco-chemistry between our stockholders and user community. This week, we've also launched the 'One-Click Fast Reservation' access for the FX Super One. Once the product officially opens for B2C paid reservations at the July 17 launch event, users will be able to complete their purchase with just one click and secure priority delivery. Once again, we invite you to reserve your FX Super One and join us in co-creating and sharing the future. Super One, You are the One. Going to S2 and S3, Product and Technology: While driving full speed ahead on FX product and tech development, we're also continuing to advance the evolution of the FF 91. One exciting update is coming to the B-pillar AI system, which will soon include intuitive gesture control powered by AI — allowing users to open and close doors with simple hand gestures, completely touch-free. This feature is expected to roll out in the next OTA update. These interactive functions are also being developed with seamless integration in mind for future FX models, to bring the same intelligence and ease of use to our full vehicle lineup. We're also advancing a broad set of exterior gesture controls, with patent applications expected to be filed soon. Today, I received a heartfelt message from an old friend. After seeing our 'King of Red Carpet' countdown poster, he told us that even after all his years working in Hollywood, there still isn't a truly elegant, red carpet–worthy MPV for A-listers or industry premieres. But with the FX Super One, he feels we're finally filling that long-overlooked gap in the American market. Looking ahead to next week: The global livestream of our launch event will take place at 7:30 PM (PDT) on July 17. Here's an exclusive sneak peek: Cody Walker — from the Fast & Furious franchise and a globally respected automotive enthusiast — will be joining us live on stage. He's coming on board as an FX Developer Co-Creation Officer to lead a deep dive into the product and its groundbreaking technology. This represents a major evolution of FF's signature developer co-creation model, now supercharging FX. Our Developer Co-Creation Officers won't just help shape the product — they'll be deeply embedded throughout the launch, delivery, and sales journey, unlocking new value through true collaboration. A big thank you to all our partners who have come a long way with us. The Global Initial Launch of the FX Super One & Super EAI F.A.C.E. & FF EAI Embodied AI Agent 6 x 4 Architecture is just around the corner. We're ready — and we can't wait to see you at the sunset of Los Angeles on July 17. This is one moment you won't want to miss!" ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "plan to," "can," "will," "should," "future," "potential," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Super One MPV, Super EAI F.A.C.E., and EAI Embodied AI Agent 6x4 architecture, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media:
Yahoo
23-06-2025
- Business
- Yahoo
Boyuan Capital (investment platform under Bosch Group) and Galbot Forged JV
BEIJING, June 23, 2025 (GLOBE NEWSWIRE) -- On June 17, 2025, Boyuan Capital (the market-oriented investment platform under the Bosch Group), announced a joint venture named BOYIN INNOVATION ALLIANCE with Galbot, a market leading innovator in building general-purpose humanoid robots powered by Embodied collaboration was officially unveiled at the 'Open Bosch: Embodied AI Day' event on June 17. On the same day, Bosch China, Boyuan Capital, and Galbot signed a strategic memorandum of understanding (MOU) to jointly advance the R&D and commercialization of Embodied Intelligent Robotics. The joint venture will focus on industrial applications with Embodied AI in high-precision manufacturing—such as complex assembly— aiming at promoting the large-scale industrial deployment of Embodied AI and accelerating the global adoption of Embodied AI technologies. It will leverage Galbot's proprietary Embodied AI technology, replace traditional rule-based and programmed automation deployment methods with Embodied AI models trained on real industrial scenario data, and develop next-generation intelligent robot systems for industrial scenarios. This initiative marks a significant milestone in transitioning Embodied AI from pilot testing to scaled industrial deployment, aligning with the global acceleration of smart manufacturing. Galbot: A pioneer in Embodied AI Galbot—recognized by The Information as one of the Top Asia Startups of 2024 has emerged as a leader in Embodied AI. Galbot is Founded in May 2023 by Prof. He Wang from Peking University, who gained his PhD from Stanford. At the event, Galbot demonstrated its Embodied AI robots, showcasing fully autonomous capabilities in complex automotive and retail scenarios. The live demonstrations received widespread acclaim from key partners, including Bosch China, BoYuan Capital and United Automotive Electronic Systems (UAES), underscoring the maturity of Galbot's Embodied AI technologies. These demonstrations showcased the maturity of Galbot's technology stack, which includes: End-to-End VLA (Vision-Language-Action) Large Models with strong generalization capabilities; A proprietary simulation dataset containing over 10 billion high-quality robotic action data points; Advanced hardware systems featuring high-precision control and scenario adaptability. Strategic Collaboration and Global Reach As a key early milestone, BOYIN INNOVATION ALLIANCE signed a memorandum of understanding with UAES to establish RoboFab, a joint laboratory dedicated to cultivating automotive-operations related expertise in Embodied AI and redefining industrialization. "Embodied AI holds transformative potential to redefine manufacturing processes. We're already witnessing its remarkable capabilities across diverse production stages. Through this powerful synergy between Boyuan Capital and Galbot, we anticipate delivering commercially viable, scalable robotics solutions with real industry impact," said Dr. Ingo Ramesohl, Managing Partner of Bosch Ventures. "The future of manufacturing lies in intelligent, adaptive systems that can learn from real-world data," said Professor He Wang, founder of Galbot. "Through this collaboration with Bosch and Boyuan Capital, we're building an end-to-end value chain that will deliver globally competitive Embodied AI solutions for smart manufacturing." The joint venture adopts a "global design, local production" strategy, positioning it to serve key international markets including Europe, North America, and Southeast Asia. Industry analysts view this collaboration as a significant development in the Embodied AI sector, potentially accelerating the industrialization of AI-driven robot system in manufacturing. The partnership brings together complementary strengths: Bosch's industrial experience, Boyuan's financial resources and eco-system, and Galbot's technological innovations in Embodied AI. Contact Person: Xiaokang Li Email: business@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
10-06-2025
- Automotive
- Yahoo
Uber, SoftBank-Backed Wayve To Test Self-Driving Cars On Public Roads In UK
Wayve and Uber Technologies, Inc (NYSE:UBER) on Tuesday announced a first-ever plan to develop and launch public-road trials of Level 4 (L4) fully autonomous vehicles in London. This was enabled by the U.K. Secretary of State for Transport's announcement of an accelerated framework for self-driving commercial pilots. In 2024, Wayve and Uber announced a multi-year collaboration to integrate Wayve's Embodied AI into vehicles operating on the Uber platform. This next phase moves the partnership into live operational trials on U.K. roads, building toward scaled deployment in key European announcement marks the U.K. as the largest market in which Uber shares plans to pilot autonomous vehicles. The trials will combine Wayve's Embodied AI platform with Uber's global mobility network to bring autonomous vehicles to the streets of Europe at scale. Wayve and Uber will collaborate with the U.K. Government and Transport for London on the regulatory approval process before the launch. Heidi Alexander, Secretary of State for Transport, said that by fast-tracking pilots of self-driving vehicles to spring 2026, it noted safety-first tests that will drive growth, create 38,000 jobs, and add 42 billion pounds to its economy. In April, Nissan Motor announced partnering with Wayve to power the next generation of its ProPilot driver-assist system, set to debut in vehicles by the 2027 fiscal year. Wayve, backed by a $1.3 billion funding led by SoftBank (OTC:SFTBF) (OTC:SFTBY), has emerged as a key player in the autonomous vehicle space. Other major investors include Nvidia Corp (NASDAQ:NVDA), Microsoft Corp (MSFT), and Uber. Price Action: UBER stock is trading higher by 0.59% to $87.63 premarket at last check Tuesday. Read Next:Photo by DenPhotos via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Uber, SoftBank-Backed Wayve To Test Self-Driving Cars On Public Roads In UK originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
