We’ve followed electric car battery maker A123 from near the beginning, and now it seems to be near its end. On Friday, the company told investors that it only has four to five months of cash left, provided it gets access to an expected $30 million.
A123 is looking for ways to cut costs and raise more money. While the company has promising battery technology and orders from major automakers, it has been plagued by high manufacturing costs (it lost 57 cents per dollar of revenue), cancelled orders, and recalls of faulty batteries.
Meet Altos Labs, Silicon Valley’s latest wild bet on living forever
Funders of a deep-pocketed new "rejuvenation" startup are said to include Jeff Bezos and Yuri Milner.
Tonga’s volcano blast cut it off from the world. Here’s what it will take to get it reconnected.
The world is anxiously awaiting news from the island—but on top of the physical destruction, the eruption has disconnected it from the internet.
Going bald? Lab-grown hair cells could be on the way
These biotech companies are reprogramming cells to treat baldness, but it’s still early days.
A horrifying new AI app swaps women into porn videos with a click
Deepfake researchers have long feared the day this would arrive.
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