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22 May 2025

Alt Carbon Secures $12M Seed Funding to Scale Carbon Removal in India

Alt Carbon, a climate-tech startup founded by siblings Shrey and Sparsh Agarwal, has raised $12 million in seed funding to expand its carbon dioxide removal efforts in India using enhanced rock weathering technology.

2 Sources

Citigroup Launches AI Tools for Hong Kong Employees, Plans Global Expansion

Citigroup introduces Citi AI, a suite of AI tools for its Hong Kong employees, supporting various internal operations. The bank plans to expand these tools to more markets globally.

2 Sources

Cognizant Open-Sources Neuro AI Multi-Agent Accelerator, Advancing Enterprise AI Adoption

Cognizant has open-sourced its Neuro AI Multi-Agent Accelerator for research and academic use, enabling rapid prototyping and building of agent networks across various industries. This move aims to accelerate AI adoption and promote collaboration in developing multi-agent systems.

3 Sources

Lumen Technologies to Sell Consumer Fiber Business to AT&T for $5.5 Billion, Focusing on Enterprise AI Solutions

Lumen Technologies announces a $5.5 billion deal to sell its consumer fiber-to-the-home business to AT&T, aiming to sharpen its focus on enterprise customers and AI-driven networking solutions.

2 Sources

Snowflake Soars on Strong Q1 Results and AI Integration

Snowflake reports impressive Q1 earnings, raises revenue forecast, and showcases successful AI integration, leading to a surge in stock price.

4 Sources

News Publishers Slam Google's AI Mode as 'Theft', Raising Concerns Over Content Usage and Revenue Loss

The News/Media Alliance criticizes Google's AI Mode, calling it "theft" of publisher content. The controversy highlights tensions between tech giants and news organizations over AI-powered search features.

5 Sources

Royal Bank of Canada Establishes New AI Team to Boost Capital Markets Growth

RBC's capital markets division creates a new AI and digital innovation team, aiming to leverage artificial intelligence for future growth and improved operations.

2 Sources

Zoom Raises Annual Forecast Amid AI Integration and Robust Demand

Zoom Communications increases its annual revenue forecast, benefiting from hybrid work trends and AI integration. The company's AI-powered tools and expanded services contribute to its growth, despite some caution among larger U.S. customers.

4 Sources

AI's Soaring Energy Consumption: A Growing Environmental Concern

New research reveals AI's rapidly increasing energy demands, with estimates suggesting it could account for nearly half of data center power usage by the end of 2025. This surge in consumption raises significant environmental concerns and calls for greater transparency from AI companies.

10 Sources

AI Integration Drives Growth and Efficiency Gains Across Tech Companies in Q1 2025

Multiple tech companies report AI-driven improvements in Q1 2025, with uCloudlink, Kanzhun, iQIYI, Kingsoft Cloud, and Sunlands all highlighting AI integration in their products and services.

6 Sources

Google Introduces Ads to AI-Powered Search Features, Sparking Debate on User Experience and Revenue

Google announces the integration of ads into its AI Mode and expansion of ads in AI Overviews, aiming to monetize its AI-powered search features while maintaining user relevance.

9 Sources

Proposed Moratorium on State AI Regulations Sparks Debate in US Congress

A proposal in the US House of Representatives to ban state-level AI regulations for 10 years has ignited a heated debate about consumer protection, innovation, and federal oversight of artificial intelligence.

4 Sources

XPeng's Q1 2025 Financial Report: Record-Breaking Performance and AI-Driven Growth

XPeng Motors reports strong Q1 2025 results with record gross margin, lowest net loss in five years, and significant year-over-year growth, driven by AI technologies and global expansion.

2 Sources

Duolingo's AI-Driven Growth: Boosting Subscriptions and Transforming Education

Duolingo, the popular language-learning app, is leveraging AI to drive growth, increase subscriptions, and expand its educational offerings. The company's ambitious AI-first strategy is reshaping its business model and future prospects.

2 Sources

Pay-i Raises $4.9M to Quantify ROI on Generative AI Investments

Seattle-based startup Pay-i, founded by Microsoft veterans, secures $4.9 million in seed funding to help businesses measure the value of their AI investments through innovative software solutions.

2 Sources

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