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Applied Digital's Stock Soars on Strong Q1 Results and $11 Billion AI Data Center Expansion

Applied Digital's shares jumped 28% following impressive Q1 results and a significant expansion of its AI data center capacity. The company secured a new 150-megawatt lease with CoreWeave, bringing their total contract value to approximately $11 billion.

2 Sources

Klarna CEO Warns of AI's Massive Impact on Jobs, Halves Workforce

Sebastian Siemiatkowski, CEO of Klarna, discusses AI's significant impact on knowledge work, revealing how his company reduced its workforce by half while increasing productivity. He warns that other tech leaders are downplaying AI's potential job displacement.

2 Sources

Meta Pushes AI Integration to Accelerate Metaverse Development

Meta's Metaverse team is urged to use AI tools to boost productivity fivefold. This move reflects the company's shift towards AI integration across its operations, potentially reviving its struggling Metaverse project.

2 Sources

Mercedes-Benz and Google Unveil Gemini-Powered In-Car AI Assistant

Mercedes-Benz and Google showcase Gemini AI integration in the upcoming CLA model, revolutionizing in-car virtual assistants with natural language processing and contextual awareness.

2 Sources

SoftBank Seeks $5 Billion Loan Backed by Arm Shares to Fuel AI Investments

SoftBank is in talks to secure a $5 billion margin loan using Arm Holdings shares as collateral. The funds are intended to boost investments in OpenAI and other AI projects, highlighting SoftBank's aggressive push into the AI sector.

3 Sources

Microsoft Copilot Update Enhances Document Creation and Email Integration

Microsoft's latest Copilot update for Windows enables direct document creation and optional integration with Gmail and Outlook, streamlining productivity workflows.

5 Sources

Global Financial Regulators Intensify AI Monitoring Amid Growing Adoption

Global financial watchdogs, including the G20's Financial Stability Board and the Bank for International Settlements, are increasing their scrutiny of artificial intelligence in the financial sector. This move comes as banks and financial institutions rapidly adopt AI technologies, raising concerns about potential risks to financial stability.

2 Sources

Apple Gears Up for AI-Powered Health+ Subscription Launch in 2026

Apple is reorganizing its health division and preparing to launch Health+, an AI-driven health subscription service, in 2026. This move signifies Apple's strategic shift towards personalized wellness management and expanding its services revenue.

2 Sources

EA Clarifies Generative AI's Role in Battlefield 6 Development Amid Industry Debates

EA executive Rebecka Coutaz confirms no generative AI content in Battlefield 6, but acknowledges its use in early development stages. The statement comes amidst broader discussions on AI's role in game development and EA's recent buyout.

4 Sources

Microsoft Unveils AI Factory, Challenging OpenAI's Data Center Ambitions

Microsoft deploys its first large-scale AI system, showcasing existing infrastructure capabilities amidst OpenAI's push to build its own data centers. The move highlights the intensifying competition in AI computing power.

2 Sources

OpenAI's Sora 2: A Leap in AI Video Generation Raises Environmental Concerns

OpenAI's launch of Sora 2, a powerful AI video generator, sparks debate over the environmental impact of AI technologies. The new tool's impressive capabilities come with significant computational demands, highlighting the growing energy and resource consumption of AI systems.

2 Sources

Microsoft Azure Unveils World's First NVIDIA GB300 NVL72 Supercomputer Cluster for AI Workloads

Microsoft Azure has deployed the industry's first supercomputing-scale production cluster using NVIDIA's GB300 NVL72 systems, specifically designed for OpenAI's demanding AI workloads. This groundbreaking infrastructure marks a significant milestone in AI computing capabilities.

5 Sources

MediaTek's Dimensity 9500: Reshaping India's Smartphone Landscape with AI and Gaming Prowess

MediaTek launches the Dimensity 9500 chipset at IMC 2025, challenging Qualcomm's dominance in India with advanced AI capabilities and console-grade gaming features. OPPO's Find X9 Series set to be the first global smartphone lineup powered by the new SoC.

3 Sources

China Bans TechInsights After Revealing Foreign Components in Huawei's AI Chips

China has blacklisted Canadian semiconductor research firm TechInsights following a report that exposed the use of foreign components in Huawei's latest AI chips. This move highlights the ongoing tensions in the global chip industry and China's push for technological self-sufficiency.

2 Sources

China Intensifies Crackdown on Nvidia AI Chips, Tightening Import Controls

China has launched a nationwide customs crackdown on semiconductor imports, particularly targeting Nvidia's AI chips. This move aims to reduce reliance on US technology and boost domestic chip production.

8 Sources

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