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Faraday Future: Announces Strategic Upgrade Into Robotaxi and EAI Cabin Technology Operator and Physical AI Investment Holding Co
Faraday Future said it will combine its robotics business at an approximate $200 million valuation with AIxC, soon FFR, for a standalone listing.
The company said its board and AIxC have approved a non-binding term sheet for a proposed combination of its robotics assets and business with AIxC, which is expected to be renamed FFR. Faraday Future said it expects to become FFR’s single largest controlling stockholder if the deal closes.