Michigan approves $250 million to develop Genesee industrial megasite near Flint
The Michigan Economic Development Board approved $250 million to develop an industrial megasite near Flint. State lawmakers must approve the funding next.
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As pressure from Chinese competitors intensifies and the EV market stalls, major U.S. and European auto manufacturers are racing to cut the cost of producing electric vehicles so they can get to the price tags and profit margins of ICE cars. Now, a company spun out from the Swiss Federal Institute of Technology in Lausanne (EPFL), has raised $27 million in a Series B funding round to apply AI to solve that exact pain point. The company says it uses deep learning in a 3D environment, and combines data analysis with machine learning to speed up development times by up to 75% and product simulation by as much as 10 times.
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Claudia Sheinbaum was elected as Mexico’s next president on Sunday, making her the first woman in the country's 200 years of democracy to hold its highest office.
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A technical glitch sends shares of Berkshire Hathaway tumbling 99%.
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