Eric Trump-Backed Robot Startup Misses Payroll Amid CEO Loan Scrutiny

Foundation Future Industries, a robotics startup backed by Eric Trump, has run low on cash and missed a payroll. CEO Sankaet Pathak faces scrutiny over a $4.6 million loan he took from the company to buy a home.

Why it matters: The case is a cautionary example for AI and robotics investors and operators about governance, related-party loans, and cash runway at early-stage hardware companies.