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Cellulosic biogasoline company Cool Planet completes second close of D Round, raises another $19.4M; $60M total

Green Car Congress

This work will be supported by leading international engineering firm, URS Corporation, as the company recently announced. Cool Planet will use a portion of the equity raise to finalize engineering design for the company’s first commercial facility.

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Open-Source AI Is Good for Us

Cars That Think

Meanwhile, Singapore is funding a US $52 million open-source development effort for Southeast Asia, and the UAE continues to bankroll some of the largest available open generative AI models. Yet the AI ecosystem is more than a handful of corporate labs. And after a confrontation with its member state governments in December, the E.U.

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EV gameplan: Strategic tie-ups, fund raising, the way forward | Autocar Professional

Baua Electric

For instance, the JSW Group invested in MG Motor, as the British brand owned by China’s largest car maker, Shanghai Automotive Industry Corporation (SAIC), needed funds to diversify into the EV space. The most feverish action on this front has been on sharing technology and collaborating.

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Alphabet’s Intrinsic Acquires Majority of Open Robotics

Cars That Think

Open Robotics currently employs more than three dozen engineers, most of whom are part of the for-profit corporation. Open Robotics is an “umbrella brand” that includes OSRF (the Open Source Robotics Foundation), OSRC (the Open Source Robotics Corporation), and OSRC-SG, OSRC’s Singapore office.