Battery company pivots to artificial intelligence

The CEO of SES AI, Qichao Hu, believes most Western battery companies are facing imminent failure. He is steering his company, SES AI, towards a strategic pivot into the artificial intelligence sector. This move signifies a significant shift in focus for the Massachusetts-based firm, which previously aimed for large-scale battery production. The transition suggests a belief that AI offers a more promising and sustainable future compared to the current challenges within the traditional battery manufacturing landscape.