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02 Aug 2025

Big Tech's AI Spending Spree: Reshaping the Economy and Raising Concerns

Major tech companies are investing heavily in AI infrastructure, with spending expected to reach $344 billion this year. This massive influx of capital is reshaping the U.S. economy but also raising concerns about potential risks and long-term consequences.

8 Sources

AI-Generated Malware Disguised as npm Package Drains Cryptocurrency Wallets

A malicious npm package, likely created using AI, has been discovered stealing cryptocurrency from users' wallets. The package, masquerading as a legitimate tool, highlights the growing threat of AI-assisted malware in software supply chains.

2 Sources

PROS Holdings Reports Strong Q2 2025 Results, Boosts AI-Driven Enterprise Software

PROS Holdings, an AI-powered pricing and revenue optimization software provider, exceeded Q2 2025 expectations with an 86% EPS jump and 8% revenue growth. The company is expanding its AI agent platform and raising its 2025 outlook.

2 Sources

Critical Vulnerability in AI-Powered Cursor IDE Allows Remote Code Execution

Multiple security flaws discovered in the AI-powered code editor Cursor, including a high-severity vulnerability that could lead to remote code execution, highlighting potential risks in AI-assisted development tools.

4 Sources

US Government Turmoil Stalls Thousands of Export Approvals, Including AI Chip Exports to China

Thousands of US export license applications, including high-profile AI chip exports to China, are facing significant delays due to turmoil at the Commerce Department's Bureau of Industry and Security.

3 Sources

New AI Tool Revolutionizes Medical Image Segmentation with Minimal Data

Researchers at UC San Diego have developed an AI tool that can perform medical image segmentation with far less data than traditional methods, potentially making diagnostic tools faster and more affordable.

3 Sources

OpenAI's Valuation Soars to $500 Billion Amid Rapid Growth and Potential Share Sale

OpenAI, the creator of ChatGPT, is reportedly in talks for a potential share sale that could value the company at $500 billion. This comes after a recent funding round at a $300 billion valuation, highlighting the company's explosive growth and investor interest in AI technology.

30 Sources

Federal Reserve Paper Assesses Generative AI's Potential Impact on Productivity

A new Federal Reserve paper evaluates generative AI's potential to boost productivity, comparing it to historical innovations and cautioning about the slow pace of widespread adoption.

2 Sources

OnePlus 11 Receives Major OxygenOS 15 Update with AI-Powered Features

OnePlus rolls out OxygenOS 15 update for OnePlus 11, introducing AI-based features like Mind Space and AI Perfect Shot, along with multitasking improvements and camera enhancements.

2 Sources

Apple Explores AI Partnerships with OpenAI and Anthropic to Enhance Siri's Capabilities

Apple is in talks with OpenAI and Anthropic to potentially use their AI models for Siri, signaling a shift in the company's AI strategy as it struggles to keep pace with competitors.

2 Sources

Enovix Reports Strong Q2 2025 Results, Launches AI-1 Battery Platform

Enovix, a lithium-ion battery company, reports 98% year-over-year revenue growth in Q2 2025, driven by strong demand and the launch of its AI-1 cell platform featuring advanced materials and automated manufacturing.

2 Sources

Microsoft's $27 Billion Profit Surge Fueled by AI and Cloud, Amid Recent Layoffs

Microsoft reports a 24% increase in quarterly profits, reaching $27.2 billion, driven by AI and cloud technology investments. The company's market value hits $4 trillion, despite recent layoffs of 9,000 employees.

2 Sources

KLA Corp Forecasts Strong Q1 Revenue Amid AI Chip Demand, Flags China Concerns

KLA Corp, a leading semiconductor equipment manufacturer, reports robust Q4 results and forecasts Q1 revenue above estimates, driven by AI chip demand. However, the company faces challenges in China due to geopolitical tensions and export restrictions.

2 Sources

01 Aug 2025

Anthropic CEO Dario Amodei and NVIDIA's Jensen Huang Clash Over AI Development Approaches

Anthropic CEO Dario Amodei strongly refutes NVIDIA CEO Jensen Huang's claims about AI control, sparking a heated debate on AI development strategies and industry regulation.

4 Sources

Vast Data in Talks for Multibillion-Dollar Funding Round, Potentially Valuing AI Storage Startup at $30 Billion

Vast Data, an AI infrastructure provider, is reportedly in discussions with Alphabet's CapitalG and Nvidia for a significant funding round that could value the company at up to $30 billion, marking a major development in the AI storage sector.

5 Sources

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