Top 10 AI News
SoftBank Profit Doubles After ByteDance, Didi Values Surge
SoftBank reported a significant profit increase, driven by rising valuations in its portfolio companies ByteDance and Didi, and a boost from AI sector resilience. The company’s Vision Fund benefited from the global AI investment surge, helping to double its profits year-over-year.
State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill
A new Republican tax and fiscal bill includes a provision that would ban states from enacting their own AI regulations. The move is expected to spark debate over federal versus state control of emerging technologies.
After Driving Down Oil, Saudi Arabia’s MBS Looks for Trump Dividend
Saudi Crown Prince Mohammed bin Salman is seeking to leverage his relationship with Donald Trump for economic gains, following a period of oil price manipulation. The article explores the evolving dynamics between the two leaders and their countries.
Apple to Unveil New AI Tool to Increase iPhone Battery Life
Apple is set to introduce an AI-powered battery management mode in iOS 19, aiming to extend iPhone battery life. The new feature will use machine learning to optimize power consumption based on user habits.
AI Startup Perplexity Nears Funding at $14 Billion Value
Perplexity, an AI search startup, is close to securing new funding that would value the company at $14 billion. The company’s rapid growth reflects strong investor interest in generative AI technologies.
Saudi Arabia Launches New AI Firm Ahead of Trump’s Visit
Saudi Arabia has announced the launch of a new AI company as it prepares for a visit from former US President Donald Trump. The move is part of the kingdom’s broader push to become a leader in artificial intelligence.
SoftBank Stargate Venture With OpenAI Snags on Tariff Fears
SoftBank’s Stargate venture with OpenAI has encountered obstacles due to concerns over potential tariffs. The partnership, aimed at advancing AI technologies, faces uncertainty amid shifting global trade policies.
VC Firm Backed by Golub Family Office Starts Mideast-US AI Fund
A venture capital firm supported by the Golub family office has launched a new AI fund to strengthen ties between the Middle East and the US. The fund aims to invest in promising AI startups across both regions.
AI Drug Firm METiS Considering $200 Million Hong Kong IPO, Sources Say
METiS, an AI-driven drug development company, is reportedly considering a $200 million initial public offering in Hong Kong. The move would help the firm expand its research and development capabilities.
Silicon Valley Is Coming for the Pentagon’s $1 Trillion Budget
The Trump administration is encouraging startups to transform the US military, setting the stage for a competition over the world’s largest defense budget. Silicon Valley’s involvement could reshape military technology and procurement.
What Trump’s ‘Golden Dome’ Can Learn From Israeli Air Defenses
An in-depth look at Israel’s advanced air defense system reveals key lessons for the US as it considers developing its own missile shield, dubbed the ‘Golden Dome’ by Trump.
DeepSeek Challenges Everyone’s Assumptions About AI Costs
Chinese AI startup DeepSeek claims its ChatGPT rival operates at a fraction of the cost, prompting questions about the sustainability of massive AI budgets in the industry.
AI Needs So Much Energy It’s Distorting US Power for Millions of Homes
A Bloomberg analysis finds a strong link between proximity to AI data centers and high levels of power distortions in US homes, highlighting the energy demands of artificial intelligence infrastructure.
AI Is Draining Water From the Areas That Need It Most
Over 160 new AI data centers have been built in the US in the past three years, many in regions already facing water shortages. The expansion is straining local water resources, according to a Bloomberg News analysis.
Google Facing at Least €12 Billion in Civil Claims Across Europe
Google is facing civil claims totaling at least €12 billion across Europe, as regulatory scrutiny over its business practices intensifies. The claims are part of a broader crackdown on big tech companies.
TikTok, Meta Endure Tougher Asia Crackdown as US Efforts Stall
Asian regulators are imposing stricter rules on tech platforms like TikTok and Meta, even as similar efforts in the US face delays. The new licensing requirements are reshaping the digital landscape in the region.
AI Wants More Data. More Chips. More Real Estate. More Power. More Water. More Everything
The rapid expansion of AI is driving unprecedented demand for data, chips, real estate, power, and water. The article explores the infrastructure challenges and environmental impact of the AI boom.
Why AI Is So Expensive
AI development and deployment come with high costs, from specialized hardware to massive energy consumption. This article breaks down the factors driving up the price of artificial intelligence.