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Alphabet’s Intrinsic to help bring robots to Foxconn’s U.S. factories

Foxconn, the Taiwan-based manufacturing partner of companies like Apple and Nvidia, and Intrinsic, an AI and robotics company under the Alphabet umbrella, are investing in a joint venture that will deploy robots in Foxconn’s U.S. factories, according to a statement from Intrinsic released Thursday evening. “Foxconn just has huge manufacturing expertise,” Wendy Tan White, CEO … Read more

Bitcoin is ‘not an asset’ and has ‘no intrinsic value,’ says $225 billion investment company

Hargreaves Lansdown, the largest retail investment platform in the UK, which has about $225 billion in assets under management, issued a surprisingly harsh warning to its customers: Stay away from Bitcoin. The cryptocurrency has “no intrinsic value,” it told its clients, and should not be included in their life savings and retirement plans.  HL is … Read more

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