Bots on top. In Q1’24, advanced manufacturing funding rebounded thanks to 6 mega-rounds collectively worth $1.3B. These $100M+ deals primarily went to humanoid robot developers (Figure and 1X) and industrial cybersecurity companies (Axonius, Claroty, and Nozomi Networks). Dive deeper into the latest advanced manufacturing trends in this report.
Source: Financial Times
AI allowance. After releasing first-quarter results, Alphabet and Microsoft saw their shares climb. Both companies reported strong revenue growth, mitigating investor concerns regarding their heavy spending on AI. Meanwhile, Meta’s stock dropped after announcing it would up its AI spend despite forecasting lighter-than-expected revenue for Q2. Explore big tech’s AI spending habits in this brief.
Source: Canary Media
Speed limit. While Tesla struggled with electric vehicle (EV) sales in Q1, it still dominates EV charging. The carmaker owns most of the US’ fast EV chargers, comprising 61% of the country’s market share. But just this week, reports broke that Tesla gutted its EV charging team, casting uncertainty over the future of the US’ largest charging network. Learn more about EV charging competition in this brief.
The +1
Brain fog. The Florida Department of Health really did good with this one.
