The SEC investigation has been formally concluded, with a decision to seek no penalties or enforcement action against the Company, founder and Co-CEO YT Jia, FF President Jerry Wang, or any other Company team members. With the SEC concluding its investigation, the Company gains regulatory clarity and the ability to fully focus efforts on its […]
FF delivered two FF Master and pre-delivered two FX Aegis robot units this week, expanding into two new application scenarios within its “6-3-3” Industry Applications and Practical Value framework. These new deliveries get FF close to reaching its initial goal of 20 units delivered in the first month. FFAI Headquarters will be relocating to a […]
FF leadership also held in-depth discussions last week in Washington, D.C. with officials from the U.S. Department of Transportation and the Department of Commerce. Conversations focused on topics including tariff policies on auto parts, the development of the EAI EV and EAI robotics industries, and advances in cutting-edge science and technology. LOS ANGELES–(BUSINESS WIRE)–Faraday Future […]
The first batch of the Company’s robots were delivered to Golden Hills Investment LLC, a Florida-based high-end vacation rental investor and operator held at a ceremony in Los Angeles on Feb. 27 and marks a unique usage through a “EAI Robot & Vehicle + Airbnb Operator” commercial application. In the first delivery month, FF will […]
AI and automation: Customers received “perfect” responses more than half the time, a rate that has doubled in 5 years Risks of automation: When AI required human intervention, customer questions were twice as likely to go unanswered ChatGPT search results: Local customers for one in four dealers were sent to another dealer instead AUSTIN, Texas–(BUSINESS […]
GOTHENBURG, Sweden–(BUSINESS WIRE)–Polestar (Nasdaq: PSNY) today announced a USD 400 million equity investment by Feathertop Funding Limited, a special purpose vehicle consolidated to Sumitomo Mitsui Banking Corporation, and Standard Chartered Bank (Hong Kong) Limited, with USD 200 million each. Concurrent with the purchase, these financial institutions have each entered into a put option arrangement with […]
The logistics provider’s new tech and data are making LTL carrier networks more efficient – eliminating unnecessary trips and giving shippers better service and earlier visibility EDEN PRAIRIE, Minn.–(BUSINESS WIRE)–C.H. Robinson, the global leader in Lean AI supply chains, is using artificial intelligence to ease a widespread pain point in less-than-truckload shipping: missed pickups. New […]