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Blackstone Just Made A Physical AI Bet On Actuator-Maker Powering Humanoid Robots
Blackstone Just Made A Physical AI Bet On Actuator-Maker Powering Humanoid Robots
Blackstone, the world's largest alternative asset manager, is making a big investment in Futronic, a 33-year-old automotive supplier whose motion-control technology has been adapted for industrial and humanoid robots, according to Reuters.
The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a person with knowledge of the matter. -RTRS
The deal comes just ahead of the expected rise of physical AI, with forecasts from top desks indicating that global robot deliveries could begin...
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Aug 6, 2026 / Tyler Durden
BMW Job Cuts And The Emerging German-French Industrial Strategy
BMW Job Cuts And The Emerging German-French Industrial Strategy
Submitted by Thomas Kolbe
Will German policy paralysis and French protectionism save Germany’s automakers? Unlikely, since Paris and Berlin are pursuing similar ideological goals. Everything points toward the expansion of a green state-run economy. On that, there is agreement. The concerns of private enterprise are secondary.
Given the dramatic situation, automakers would probably take even the most hopeless escape route in an attempt to escape the downward spiral. This has now also caught up with the previously remarkably resilient BMW Group: Just last...
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Jul 1, 2026 / Tyler Durden
As Democrats Freak Out Over Socialist Takeover, Kamala Harris Speaks With Zohran Mamdani
As Democrats Freak Out Over Socialist Takeover, Kamala Harris Speaks With Zohran Mamdani
In the same week Democrats began sounding alarms over radical left-wing revolutionaries gaining power and hijacking the party, there is a new report from Axios that Kamala Harris privately spoke with far-left New York City Mayor Zohran Mamdani and held closed-door meetings with progressives, including pro-Palestinian activists, as she appears to lay the groundwork for a potential 2028 White House run.
Axios reported, "Harris, who occasionally has texted with Mamdani in the past few months, called him two...
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Jun 12, 2026 / Tyler Durden
Half Of Israelis Agree Deterrence 'Weakened' Following Wars In Iran, Lebanon: Poll
Half Of Israelis Agree Deterrence 'Weakened' Following Wars In Iran, Lebanon: Poll
Via The Cradle
Israelis are raising doubts about their government and military's ability to provide security after more than three months of renewed war against Iran and Lebanon.
According to a Maariv poll released on Friday, 50 percent of Israelis believe their country's deterrence has declined following the recent escalation with Iran and Lebanon, compared to 28 percent who say it has strengthened, while 22 percent are undecided.
via Le Monde
The US and Israel launched a renewed bombing campaign on Iran on February 28....
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