Modal Motors develops rare earth-free electric motors for drones and robots

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US startup Modal Motors is developing electric motors that contain no rare earth magnets, aiming to reduce dependence on Chinese supply chains. The company is focused on building motors that are small and lightweight, making them suitable for applications such as drones, fans, and robots. Rare earth materials, largely sourced and processed in China, are a critical component in most conventional electric motors. By eliminating these materials, Modal Motors hopes to offer a more geopolitically resilient alternative for manufacturers in the robotics and aerospace sectors.

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Enveda Raises $311M at $2B Valuation to Advance Nature-Based AI Drug Pipeline

AI-driven biotech company Enveda has raised $311 million in a new funding round, pushing its valuation to $2 billion. The company specializes in discovering drugs derived from natural compounds using artificial intelligence. Enveda is currently running clinical trials on treatments targeting skin conditions. It is also developing a drug aimed at sustaining weight loss in patients who discontinue GLP-1 medications. The fresh capital is expected to accelerate the progression of these nature-derived therapies through clinical development.

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TechnologyNYT Technology ·

US Leads China in AI but Beijing Holds Its Own Advantages

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TechnologyThe Verge ·

Meta Launches AI Shopping Agent Designed to Handle Everyday Tasks and Purchases

Meta has introduced a new AI agent aimed at helping users manage routine tasks and shopping needs. The assistant is designed to act as a virtual helper that can triage and handle tedious day-to-day responsibilities. The tool reflects a broader industry push toward agentic AI that goes beyond answering questions to taking real-world actions on a user's behalf. Meta's agent is positioned to assist with tasks such as managing purchases and handling correspondence. The launch marks Meta's latest step in integrating AI more deeply into everyday consumer life.

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TechnologyThe Verge ·

California mandates data centers disclose energy and water usage starting 2025

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