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Builders Have 108,000 Unsold Homes, But Rather Rent

U.S. home builders are increasingly converting unsold homes into rental properties or selling them to investors amid a surge in housing inventory and elevated mortgage rates. This shift is driven by a significant rise in unsold inventory, which has reached its highest level since 2009, and the affordability challenges

Jeff Bezos Invests in Laundry-Folding Robots

Jeff Bezos has invested in Physical Intelligence, a robotics startup specializing in advanced automation solutions for household tasks. The company recently secured $400 million in funding, elevating its valuation to $2.4 billion. Physical Intelligence focuses on developing general-purpose AI models for robots capable of performing a variety of tasks.

Tesla Cybertruck’s Sixth Recall This Year

Tesla has issued its sixth recall of the Cybertruck this year, affecting approximately 2,431 units manufactured between November 2023 and July 2024. The recall addresses a defect in the drive unit inverter's metal-oxide-semiconductor field-effect transistors (MOSFETs), which can lead to a sudden loss of propulsion without prior

China Reveals High-Speed Quadruped Robot

China's LimX Dynamics has revealed the W1 quadruped robot, capable of transitioning from four-legged to bipedal movement, enhancing its versatility across various terrains. Initially designed to roll on four wheels for smooth surfaces, the W1 can lock its wheels and adopt a quadruped gait to navigate obstacles, rough

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Builders Have 108,000 Unsold Homes, But Rather Rent

Jeff Bezos Invests in Laundry-Folding Robots

Tesla Cybertruck’s Sixth Recall This Year

China Reveals High-Speed Quadruped Robot