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139 Ford pivots its Kentucky battery plant from EVs to AI data centre storage in a $2 billion bet

The Next Web
Darius Popa @ The Next Web · today 14:00 EDT

Ford has launched Ford Energy, a wholly owned subsidiary that will manufacture large-scale battery energy storage systems for utilities, data centres, and industrial customers. The company has committed roughly $2 billion to the operation, which repurposes a Kentucky plant originally built for electric vehicle batteries. The subsidiary is led by Lisa Drake, who reports directly to Ford […]
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Cristian Dina @ The Next Web · 06/12/2026 03:40 EDT

Equal AI, an Indian startup that built an AI assistant to answer phone calls on your behalf, has raised $30 million in a Series B led by Prosus Ventures and Tomales Bay Capital. Think Investments and Valiant Fund also participated, alongside individual investors including PhonePe founder Sameer Nigam and Meta’s India and Southeast Asia VP […] This story continues at The Next Web Read more

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Cristian Dina @ The Next Web · 06/12/2026 05:00 EDT

SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […] This story continues at The Next Web Read more

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Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […] This story continues at The Next Web Read more

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The Next Web
Alina Maria Stan @ The Next Web · 06/12/2026 05:50 EDT

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The Next Web
Ana Maria Constantin @ The Next Web · 06/12/2026 06:08 EDT

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The Next Web
Ana Maria Constantin @ The Next Web · 06/12/2026 06:16 EDT

The chief executives of the three most powerful artificial intelligence companies on Earth are about to sit in the same room as the leaders of the world’s seven largest advanced economies. OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Google DeepMind’s Demis Hassabis are all slated to attend the G7 summit in Évian-les-Bains, France, which runs […] This story continues at The Next Web Read more

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The Next Web
Ana Maria Constantin @ The Next Web · 06/12/2026 06:30 EDT

Anthropic built the Claude Fable 5 curbs to keep China’s AI labs out of its most powerful public model. The loudest complaints came from its own side of the firewall. On 9 June, Anthropic released Claude Fable 5, a tamed, public-facing version of Mythos, the model it had withheld since April over its talent for […] This story continues at The Next Web Read more

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Cristian Dina @ The Next Web · 06/12/2026 06:33 EDT

Britain’s Technology Secretary Liz Kendall has pledged to strengthen efforts to channel institutional investment into UK tech companies. Speaking to Bloomberg TV during London Tech Week, Kendall said the government would pursue legal reforms to how pension funds are run. “I’m sure you’ll see more movement on that very soon,” she said. The interview was recorded before […] This story continues at The Next Web Read more

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Google has filed a lawsuit against a suspected Chinese cybercrime operation it calls the Outsider Enterprise, alleging the group sent more than 2.5 million fraudulent text messages to Android users over a two-week period in May. The messages contained links to fake websites designed to steal personal information, and the scammers reportedly used Google’s own […] This story continues at The Next Web Read more

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