Plus: A staggering seed round
Welcome to TC PM! Today we find that Grammarly is getting into email; we dive into two hardware releases from Nothing; and we learn some robotics news from companies big and small. Onward! | | | 🎧 That new, new: It's a big day for hardware company Nothing. The company released both the latest version of its flagship smartphone today and its first pair of over-the-ear headphones, which our own Maggie Stamets tested out. 🤖 A lot of robots: Amazon has officially deployed its 1 millionth robot to its web of fulfillment warehouses. The company also announced that it built DeepFleet, a generative AI model that controls the company's robot fleet to make it more efficient. 💸 More money: Elon Musk's xAI continues to gobble up money. The company just raised $5 billion in debt and an additional $5 billion in a strategic equity transaction. This follows xAI's $6 billion funding round just last December. 🏦 Bank agents: This week's episode of StrictlyVC Download features a chat with Circle co-founder Sean Neville. He dives into his latest company, Catena Labs, which just raised $18 million and is exploring building banking infrastructure that is designed for AI agents. 🤝 To each their own: General Motors is seeing strong demand for its electric Hummer SUV and sold almost the same number of them in Q2 as Ford's significantly less expensive electric F-150 Lightning. This surprises me now but wouldn't have surprised 8-year-old me, who was obsessed with Hummers for some reason. | | | 😬 Prepare for a rough landing: In 2003, the Federal Aviation Administration started scoping out a new tech solution for U.S. air traffic control, and it was supposed to be fully implemented by 2025. It hasn't even hit a minimum target yet. Where are all the tech entrepreneurs at? 🙃 AI-ception: Universities are turning to AI tools to spot when students are using AI to complete assignments. The problem is that they don't work very well. Some students in China have found themselves using AI tools to prove to other AI tools that they did in fact write their work themselves. Girl, so confusing! | | | Featured jobs from CrunchBoard | | | Has this been forwarded to you? Click here to subscribe to this newsletter. | | | Update your preferences here at any time | | Copyright © 2025 TechCrunch. All rights reserved. TechCrunch Media LLC. 9720 Wilshire Boulevard, 6th floor, Beverly Hills, CA | | | | |
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