Top 10 AI News

Amazon Will Offer OpenAI Models to Customers for First Time

Bloomberg News |
August 5, 2025
Advanced Generative AI Tools as Major Tech Companies Urge Lawmakers to Avoid Heavy-handed Regulation
Amazon is set to offer OpenAI models to its customers for the first time, expanding its AI offerings and intensifying competition in the cloud AI market. This move allows Amazon Web Services clients to access advanced generative AI tools, reflecting the growing demand for AI integration in business solutions.[^34788.0.0]

OpenAI Releases Open-Weight Models After DeepSeek’s Success

Bloomberg News |
August 5, 2025
Key Speakers at the AI Action Summit in Paris
OpenAI has released open-weight AI models following the notable success of DeepSeek, marking a shift towards more accessible and transparent AI development. The move is expected to foster innovation and collaboration within the AI research community.[^34788.0.0]

BMW Strikes Back at Tesla With Longer-Range EVs

Bloomberg News |
August 4, 2025
The BMW iX3 all-electric vehicle
BMW is launching the iX3, a longer-range electric vehicle aimed at competing with Tesla’s Model Y. The iX3 is the first of 40 new or updated models BMW plans to release by 2027, setting a new benchmark in the EV industry.[^34788.0.0]

Anthropic Unveils More Powerful AI Model Ahead of Rival GPT-5 Release

Bloomberg News |
August 5, 2025
Anthropic Illustrations As Startups In The AI Space Receive Significant Backing
Anthropic has introduced a more powerful AI model, intensifying competition with OpenAI’s upcoming GPT-5. The new model is expected to push the boundaries of generative AI capabilities and attract significant industry attention.[^34788.0.0]

OpenAI, Google and Anthropic Win US Approval for Civilian AI Contracts

Bloomberg News |
August 5, 2025
OpenAI, Google and Anthropic Win US Approval for Civilian AI Contracts
The US government has approved OpenAI, Google, and Anthropic as official vendors for civilian AI contracts, enabling federal agencies to leverage advanced AI technologies for a range of applications.[^34788.0.0]

Abu Dhabi’s MGX Weighs Raising Billions for AI Investment Fund

Bloomberg News |
August 5, 2025
MGX is overseen by Sheikh Tahnoon bin Zayed Al Nahyan.
Abu Dhabi’s MGX is considering raising a multibillion-dollar fund to invest in artificial intelligence, reflecting the region’s growing ambition to become a global AI hub.[^34788.0.1]

AMD Under Pressure to Show AI Gains With Stock Beating Nvidia

Bloomberg News |
August 5, 2025
Gamescom 2024 Computer Gaming Fair in Germany
AMD faces mounting pressure to demonstrate significant AI advancements as its stock performance surpasses Nvidia. Investors are closely watching for evidence of AI-driven growth and innovation.[^34788.0.2]

Alibaba to Shut Costco-Like China Stores After Rivalry Heats Up

Bloomberg News |
August 5, 2025
CHINA-HEALTH-VIRUS
Alibaba is closing its warehouse-style stores in China amid intensifying competition, signaling a strategic shift in its retail operations as the AI-driven retail landscape evolves.[^34788.0.2]

Nvidia Partner Hon Hai’s July Sales Growth Weakened by Tariffs

Bloomberg News |
August 5, 2025
The Foxconn logo.
Hon Hai, a key Nvidia partner, reported weakened sales growth in July due to tariffs, highlighting the impact of global trade tensions on the AI hardware supply chain.[^34788.0.2]

How an ‘Entrepreneur of the Year’ Brought the First Big Bust to AI Boom

Bloomberg News |
July 30, 2025
Web Summit Qatar 2024 - Day One
Builder.ai, once valued at $1.5 billion, filed for bankruptcy after its founder was ousted amid allegations of inflated revenue. The case marks a significant setback in the AI startup boom.[^34788.0.3]

China Wants 115,000 Nvidia Chips to Power Data Centers in the Desert

Bloomberg News |
July 2025
Data Center in Xinjiang
Chinese companies are seeking to acquire 115,000 banned Nvidia chips to fuel the nation’s AI ambitions, underscoring the global race for AI hardware supremacy.[^34788.0.5]

China’s Startups Race to Dominate the Coming AI Robot Boom

Bloomberg News |
July 2025
UBTECH Pioneers The World's First Multi-Humanoid Robot Collaborative Training
Chinese startups are rapidly advancing in the field of humanoid robotics, with industry leaders like Elon Musk expressing concern that China may soon lead the global AI robot market.[^34788.0.5]

Silicon Valley Is Coming for the Pentagon’s $1 Trillion Budget

Bloomberg News |
July 2025
Silicon Valley Is Coming for the Pentagon's $1 Trillion Budget
The US government is encouraging startups to innovate for the military, setting the stage for a major transformation of the world’s largest defense budget through AI and technology.[^34788.0.5]

The World’s Data Center Capital Has Residents Surrounded

Bloomberg News |
July 29, 2025
The World’s Data Center Capital Has Residents Surrounded
Northern Virginia’s rapid data center expansion is causing tension with local residents, as calls for regulation grow amid concerns over unchecked AI infrastructure growth.[^34788.0.4]

Musk Seeks Dismissal of Lawsuit Over His $7.5 Billion Tesla Stock Sale

Bloomberg News |
August 5, 2025
Tesla CEO Elon Musk
Elon Musk is seeking to dismiss a lawsuit related to his $7.5 billion Tesla stock sale, a case that has drawn attention due to its implications for executive stock transactions in the tech sector.[^34788.0.5]

US to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet

Bloomberg News |
August 5, 2025
Google Demonstrates Project Wing Drone Delivery
The US government plans to relax regulations on long-range drone operations, potentially benefiting companies like Walmart and Alphabet as they expand their drone delivery services.[^34788.0.5]

VC Eclipse Hires T. Rowe Vet Fath After Tesla, Rivian Bets

Bloomberg News |
August 5, 2025
Rivian's EV Factory, Constrained by Chips, Is Off to Slow Start
VC firm Eclipse has hired a veteran from T. Rowe Price following successful investments in Tesla and Rivian, signaling continued interest in AI-driven automotive innovation.[^34788.0.6]