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Unitree Robotics shares have risen about two-thirds since October 15, lifting the company’s value to 271.8 billion yuan. Investors are responding to claims that large AI models could soon give humanoid robots more capable control and practical uses.
Tesla’s third-quarter profit fell 43% to $787 million as research spending rose 69% and capital expenditure more than doubled. The company has started producing Optimus humanoid robots and is targeting customer deliveries of Cybercabs by the end of 2026.
Elon Musk says SpaceX and Tesla have formed independent committees to study a possible merger worth roughly $3.5 trillion. The combination would unite AI, satellites, chips, cars and robots, but faces uncertain terms and a demanding Tesla shareholder vote.
Orca and Loopscale are merging under the Formation brand, combining Solana-based trading, lending and vault infrastructure. The New York company will target financing for AI, energy, robotics and defense firms and plans to explore tokenized securities trading.
Meta is testing robots in its data centers while expanding AI infrastructure. The company says it needs more skilled workers, but employees fear automation could reduce or eliminate some existing roles.
