Robotics startup cofounded by Synapse CEO is raising funds with exaggerated promises about GM ties

Essential Points

A humanoid robotics startup cofounded by the CEO of bankrupt fintech organization Synapse has canvassed Silicon Valley investors for cash by boasting shut ties and an imminent expenditure from Typical Motors — statements turned down by the automaker.
The company, termed Foundation Robotics Labs, is seeking the final $1 million in money for an $11 million seed spherical, according to paperwork attained by CNBC. The investor pitch claimed GM experienced currently fully commited to an financial investment, together with the Menlo Park-primarily based VC business Tribe Capital.
But, in accordance to GM and 1 of the startup’s founders, most of Foundation’s claims linked to the automaker are exaggerated or untrue.

Supply

Finance

Stocks making the biggest moves premarket: DraftKings, Applied Materials, Roku, Rivian Automotive and more

February 13, 2026

Check out the companies making headlines before the bell. DraftKings — Shares fell about 17% after the sports betting operator’s 2026 revenue forecast disappointed. In the fourth quarter, DraftKings earned 25 cents per share on revenue of $1.99 billion. That was better than the LSEG estimate of 15 cents per share in earnings and $1.98 […]

Finance

China’s Baidu adds OpenClaw AI into search app for 700 million users ahead of Lunar New Year

February 13, 2026

Key Points Baidu added OpenClaw to its search app for 700 million users. Previously, the AI agent could only be accessed from chat-based apps such as WhatsApp or Telegram. The integration comes as Chinese tech companies compete for new AI users ahead of the Lunar New Year holiday. Source

Finance

Stocks making the biggest moves after hours: Rivian, Applied Materials, Airbnb, Pinterest, DraftKings & more

February 12, 2026

Check out the companies making headlines in after-hours trading. Applied Materials — The California-based semiconductor equipment company jumped 11% on the back of blowout earnings results. Applied Materials reported adjusted earnings of $2.38 per share on revenue of $7.01 billion, while analysts polled by LSEG expected earnings of $2.20 per share on revenue of $6.87 […]