Nio is set to boost its production capacity with the approval for a third factory in China, elevating its annual production capability to nearly 1 million vehicles. This expansion, aimed at competing with Tesla, addresses growing demand for Nio and its new budget brand, Onvo. The factory in Huainan will initially produce 100,000 units, scaling up to 600,000 annually.
Touchcast Inc., a startup focused on caching generative AI queries, is set to raise $100 million from venture backers, including Microsoft Corp. The New York-based company aims to reduce computational and energy requirements for models like OpenAI's GPT-4. CEO Edo Segal expects the new funding to push Touchcast's valuation to at least $350 million.
Mangoceuticals, Inc. (NASDAQ:MGRX) ("MangoRx" or the "Company"), a company focused on developing, marketing, and selling a variety of men's health and wellness products in the area of erectile dysfunction (ED), hair
The US National Institutes of Health has launched two clinical trials to test a new long-acting form of HIV PrEP in cisgender women and people who inject drugs. These mid-stage studies will evaluate the safety and pharmacokinetics of lenacapavir, a bi-annual injectable antiretroviral drug.
The letter signed by current and former employees at OpenAI, Anthropic, and Google DeepMind, said AI can exacerbate inequality, increase misinformation and allow weapons systems to become autonomous and cause significant death.
BridgeBio Pharma revealed results from the PROPEL 2 Phase 2 trial of infigratinib in children with achondroplasia. Key data shows sustained increases in height velocity and improved body proportionality with a good safety profile.