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Tech Across the Globe

Apple’s rare earths: Apple struck a $500 million deal to buy rare-earth minerals from MP Materials. According to Apple, the two companies will build a factory in Texas with neodymium magnet manufacturing lines tailored for Apple products.

Global robotaxi rollout: Uber and Baidu plan to launch robotaxis on the ride-sharing platform in several markets outside the US and mainland China through a multiyear partnership.

AI for finance: AI startup Anthropic launched a package of new software services called Claude for Financial Services to help analysts conduct market research and make investment decisions.

Revalued

Carlsmed, a medical technology company that uses AI to personalize spine surgery, is seeking to raise as much as $107.2 million in a US initial public offering. At the top of the range, the medtech company would have a market value of about $424.3 million, based on the outstanding shares listed in the filing.

Must Read

Nextdoor, the neighborhood social platform, has struggled since its initial public offering four years ago. As part of an effort to revitalize the business and attract more users, Nextdoor will display news stories in a partnership with local media organizations, which also have suffered a rough patch, Riley Griffin reports in today’s Tech In Depth. The partnership may offer a lifeline for the app as well as the local news outlets, she writes.

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This Week in Soundbite

After years of touting the potential of its algorithmic playlists, Spotify is taking a different tack — praising its staff curators, who integrate their musical knowledge into the offerings, Ashley Carman reports in this week’s Soundbite. The company thinks it will help, particularly with younger users, to play up the human touch, she writes.

Sign up for the Soundbite newsletter to get exclusive reporting on podcasting, the music industry and audio trends from Ashley Carman.

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