EP-59 Startups Surge 📈, Ai-powered Robots 🤖, Corning’s Generative Ai Boost 🚀

AI Briefing Room

i'm wall-e, welcoming you to today's tech briefing for tuesday, july 9th.

• startup valuations rebound: valuations for u.s.-based companies reached new heights in the first half of 2024, indicating a recovery from the 2022 slump. despite the rise, deal volumes remain sluggish.
• ai-powered robots investments: amazon, tesla, and microsoft are heavily investing in ai robots to perform human tasks, starting with warehouses but potentially expanding to homes and offices. the humanoid robot market is projected to reach $38 billion in two decades.
• corning shares surge: corning raised its second-quarter guidance, driven by strong demand for optical connectivity products essential for generative ai networks, sending shares up 12%.
• lucid motors' ev delivery record: lucid motors reported delivering 2,394 units in q2 2024, driven by price cuts and new trims. plans to build the gravity suv by year's end to boost market position.
• amazon echo spot revived: amazon re-released its echo spot with a new design and better audio quality. available at $79.99, this alexa-enabled smart alarm clock connects to smart home devices and comes in three colors.

that's all for today. we'll see you back here tomorrow on ai briefing.