Aigen founders: Rich Wurden (CTO) and Kenny Lee (CEO)
Courtesy: Aigen
The Aigen Element looks like a drafting table on rugged tires. It drives itself continuously at around two miles per hour over farmland, using an advanced computer vision system to identify crops and unwanted botanical invaders.
With two-axis robotic arms positioned close the ground, the Element can flick weeds out of the way where they’ll dry out before they can grow seeds and spread.
The robots, which are used in a fleet sized to meet the needs of a particular growing operation, work continuously for 12 to 14 hours at a time and never need to be plugged in. They are equipped with a lithium iron phosphate battery pack, as well as flexible solar panels which are lighter than the kind typically used on rooftops. They can even run in the dark for about four hours, or six hours in light to moderate rain — all without the emissions associated with diesel-powered farm equipment.
The company behind the robots, Aigen, was founded by Rich Wurden, an ex-Tesla engineer, along with former Proofpoint product lead Kenny Lee in 2020.
According to the most recent data available from the U.S. Environmental Protection Agency, U.S. pesticide usage reached more than 1.1 billion pounds annually by 2012, with herbicides accounting for nearly 60% of that. Glyphosate was the most used active ingredient that year, with 270 million to 290 million pounds used then, and it had been since 2001.
Reducing growers’ over-reliance on pesticides and heavy use of chemicals in the global food supply is of personal importance to Wurden and Lee. Both founders and several employees in their 15-person team have overcome significant health issues associated with exposure to pesticides.
The Aigen Element uses computer vision to spot and eliminate weeds without pesticides.
Courtesy: Aigen
Wurden, who is Aigen’s CTO, comes from a family of farmers who grew sugarbeets in Minnesota. Now, he says, his family’s farm grows sorghum and soy. prod
“My pancreas stopped producing insulin when I was 15 all of a sudden,” he said. He always suspected pesticide exposure, which is associated with a higher risk of diabetes, was a factor.
As a type 1 diabetic, he has lived with an insulin pump and environmental health on his mind every day since his diagnosis.
Before becoming an entrepreneur, Wurden worked as a mechanical engineer and on battery technology at Tesla, helping to create the battery pack that is found in the company’s best-selling Model 3 and Y vehicles and Model S flagship sedan. He later joined an electric boating startup called Pure Watercraft in Seattle, where he says he caught something of the startup bug.
Lee, who is Aigen’s CEO, overcame non-Hodgkins lymphoma as a young man, and says he’s interested in both personal and planetary health following a career in cybersecurity, where he was more focused on making the internet a safer place for all. (Lee was co-founder of Weblife.io, which was acquired by Proofpoint in a deal valued around $60 million in 2017.)
Wurden and Lee met in a Slack channel called Work on Climate where tech industry veterans discussed how to pivot or grow their careers while combating the climate crisis.
Gathering data to analyze pests and water
Farmers want the ability to identify exactly when and where insects are showing up so they can eliminate those that pose a risk, for example. They also want irrigation-related analytics, which would tell them whether their plants are getting enough water, and whether some parts of the field may need more irrigation than others.
Typically, a fleet of the Element robots would pass over the field continuously, gathering data each time. Currently, the system can provide what farmers call a “stand count,” analyzing how many healthy plants are in the field.
The Aigen Element runs on solar and wind power, completely off the power grid. It also runs its analytics and AI-machine learning software on the device, rather than in the cloud. Because of that, Lee said, the company has the potential to give farmers more extensive crop analytics.
“While we’re taking weeding actions, we can do other things that no other agtech can because we’re mobile on the ground.”
Aigen’s farm robots run on solar and wind power, with a lithium iron phosphate battery pack.
Courtesy: Aigen
The Element could also help farmers work around a persistent labor shortage in agriculture, and keep their crops healthy even during extreme heat that would make it hostile for people to stay out in the field weeding.
According to Trent Eidem, who has signed up to put the Aigen Element to work at his sugarbeet growing operation near Fargo, the robots are also appealing because they could reduce the amount of money that growers have to spend on costly “inputs,” namely herbicides. Inputs and energy are his biggest budget items, Eidem said.
In the next year, the company plans to build and bring more of their robots to farmers — and to develop additional capabilities for them, too.
Aigen has raised around $7 million in early-stage funding and additional grant money from the state of Idaho to develop their system.
Investors include a mix of tech and climate-focused seed and venture funds: NEA, Global Founders, Regen Ventures, Bessemer, Climate Tech VC, Cleveland Ave., and a climate fund founded by ex-Meta exec Mike Schroepfer.
NEA Partner Andrew Schoen, who invests in emerging tech, told CNBC that Aigen founders’ track record in both software and hardware and ability to build an “autonomous ground robot” before raising any funding gave him confidence to invest. He also said Aigen is tackling a massive pain point for farmers, representing a potentially massive market.
According to forecasts by Fortune Business Insights, the global market for pesticides, or “crop protection products,” is expected to exceed $80 billion by 2028. Increasingly, the investor believes agricultural producers will include robotics, not just chemical inputs, in their mix.
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.
Drew Angerer | AFP | Getty Images
Meta’s core online advertising business could take a $7 billion hit this year due to President Donald Trump’s tough China tariffs impacting retailers in the country.
The MoffettNathanson analysts pointed to Meta’s latest annual report in which the company revealed that its China revenue was $18.35 billion in 2024, equating to a little over 11% of total its total sales. Like other analysts, MoffettNathanson believe Temu and Shien comprise the bulk of Meta’s China business, and if those online retailers cut back on their ad campaigns this year, the social networking giant’s 2025 ad sales could be impacted by $7 billion.
Meta did not immediately respond for a request for comment.
There are already signs of a pullback, the analysts wrote, citing a CNBC report about Temu reducing its U.S. advertising spending and seeing a big drop in its Apple App Store rankings following Trump’s China tariffs.
“China’s importance to Meta’s business cannot be overstated,” the analysts wrote in the note. “While Meta does not provide a country-level breakdown of revenue within Europe, we logically can presume that China is Meta’s second-largest revenue source after the United States — a remarkable position for a country where Meta has no users or active platforms.”
Meta could be in even more trouble if the broader markets heads into a recession this year, as some analysts and corporate financial chiefs have predicted. A “truly prolonged economic downturn” combined with the U.S. and China trade dispute “could wipe $23 billion in 2025 advertising revenues off Meta’s books and crush our 2025 earnings by -25%,” the analysts said.
“As noted earlier, we believe Meta is particularly exposed to a pullback in ad spend from Chinese advertisers,” the analysts said. “In a scenario where a recession is triggered or exacerbated by escalating trade tensions, Meta would face a dual headwind: cyclical advertising weakness and a targeted decline in Chinese ad spend.”
The MoffettNathanson analysts still maintain a Buy rating on Meta, said they have but decreased their target price by $185 to $525.
Meta shares have dropped about 19% to $499.36 since Trump was officially sworn in as U.S. president for the second time.
The company reports its first-quarter earnings next Wednesday.
It’s been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company’s stock price.
Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The data reflected Monday’s closing price of $227.50, at which point Tesla shares were down 44% for the year.
The stock rallied about 4% on Tuesday, along with gains in the broader market, heading into Tesla’s first-quarter earnings report after the close of trading. Tesla didn’t immediately respond to a request for comment.
The electric vehicle maker is expected to report a slight decline in year-over-year revenue weeks after announcing a 13% drop in vehicle deliveries for the quarter. With CEO Elon Musk playing a central role in President Donald Trump’s administration, responsible for dramatically cutting the size and capacity of the federal government, Tesla has faced widespread protests in the U.S. and Europe, where Musk has actively supported Germany’s far-right AfD party.
Tesla shares plummeted 36% in the first quarter, their worst performance for any period since 2022, and have continued to drop in April, largely on concerns that President Trump’s sweeping tariffs on top trade partners will increase the cost of parts and materials crucial for EV production, including manufacturing equipment,automotive glass, printed circuit boards and battery cells.
The company is also struggling to keep pace with lower-cost competitors in China, and is a laggard in the robotaxi market, which is currently dominated in the U.S. by Alphabet’s Waymo. Tesla has promised to launch its first driverless ride-hailing offering in Austin, Texas, in June.
Tesla has been the biggest stock decliner among tech megacaps this year, followed by Nvidia, which was down about 28% as of Monday’s close. The chipmaker has been the second-best profit generator for short sellers, generating returns of $9.4 billion, according to S3.
Nvidia is currently the most-shorted stock in terms of value, with $24.6 billion worth sold short, S3 said. Apple is second at $22.2 billion, and Tesla is third at $17.6 billion.
Musk has a long and antagonistic history with short sellers, who have made plenty of money at times during Tesla’s 15 years on the stock market, but have also been burned badly for extended stretches.
In 2020, Tesla publicly mocked short sellers, promoting red satin shorts for sale.
“Limited edition shorts now available at Tesla.com/shortshorts” Musk wrote in a social media post in July of that year, as the stock was in the midst of a steep rally.
Two years earlier, hedge fund manager David Einhorn of Greenlight Capital posted a tweet that he received the pairs of short shorts that Musk had promised him.
“I want to thank @elonmusk for the shorts. He is a man of his word!” Einhorn wrote. Einhorn had previously disclosed that his firm’s bet against Tesla “was our second biggest loser” in the most recent quarter.
In February 2022, after reports surfaced that the Department of Justice was investigating two investors who had shorted Tesla’s stock, Musk told CNBC that he was “greatly encouraged” by the action and said “hedge funds have used short selling and complex derivatives to take advantage of small investors.”
PlainSite founder Aaron Greenspan, a former Tesla short seller and outspoken critic of Musk, sued the Tesla CEO alleging he engaged in stock price manipulation for years through a variety of schemes.
The case was removed to federal court last year. In 2023, Musk’s social network X banned Greenspan and PlainSite, which publishes legal and other public and company records, from the platform.
Instagram on Tuesday launched its standalone Edits video creation app that offers features similar to those already available from TikTok parent Bytedance.
The new app allows creators to organize project ideas, shoot and edit video, and access insights about content. Edits includes background replacement, automatic captioning and artificial intelligence tools that can turn images into video.
“There’s a lot going on in the world right now and no matter what happens, we think it’s our job to create the most compelling creative tools for those of you who make videos for not just Instagram but for platforms out there,” said Adam Mosseri, the head of Instagram, in a Reel posted in January announcing the app.
Edits appears to be Meta‘s answer to CapCut, TikTok’s sister app that is also owned by China-based parent company ByteDance, which allows users to create and edit video on their phone or computer.
Instagram Edits app.
Courtesy: Instagram
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With TikTok’s future uncertain, Instagram’s move to launch Edits could be seen as a step to gain ground in the next era of short video creation in the creator economy.
Earlier this month, President Donald Trump for a second time extended the deadline for ByteDance to divest TikTok’s U.S. operations or face an effective ban. The deadline is now mid-June.