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13 May 2025

Trump Administration Reverses AI Chip Export Restrictions, Sparking Debate on National Security and Global AI Leadership

The Trump administration has rescinded the Biden-era AI diffusion rule, paving the way for large-scale AI chip exports to Middle Eastern countries. This policy shift has raised concerns about national security and the potential for these advanced technologies to end up in China's hands.

27 Sources

Happiest Minds Reports Mixed Q4 Results: Revenue Soars, Profit Drops Amid AI Investments

Happiest Minds Technologies sees a 30.5% revenue jump in Q4 FY25, driven by healthcare and BFSI sectors, but experiences a 52.76% drop in net profit due to bad debt and investments in AI initiatives.

2 Sources

British Airways Leverages AI to Dramatically Improve Flight Punctuality and Reduce Delays

British Airways has implemented AI-powered tools to significantly enhance its operational efficiency, resulting in record-breaking on-time performance and reduced flight disruptions.

2 Sources

Hyperbots Secures $6.5 Million to Advance AI-Powered Finance Automation

Hyperbots, an AI startup specializing in finance and accounting automation, has raised $6.5 million in Series A funding to expand its US presence and develop new AI co-pilots, including a finance-trained language model.

2 Sources

China's AI-Powered Humanoid Robots: Transforming Manufacturing and Driving Economic Growth

China is investing heavily in AI-powered humanoid robots to revolutionize its manufacturing sector, address economic challenges, and maintain its global manufacturing dominance.

3 Sources

Google Unveils AI Agent for Software Development Ahead of Annual Conference

Google is set to showcase an AI agent for software development and potentially demonstrate Gemini AI integration with AR/VR devices at its upcoming I/O conference, as the tech giant faces pressure to monetize its AI investments.

3 Sources

Google Launches AI Futures Fund to Invest in and Support AI Startups

Google introduces the AI Futures Fund, a new initiative to invest in and support startups leveraging Google DeepMind's AI tools, offering various benefits including early access to AI models, expert support, and potential direct investment.

6 Sources

LTIMindtree Secures Record $450 Million AI-Driven Deal with Global Agribusiness Giant

LTIMindtree signs its largest-ever contract, a $450 million seven-year deal with a leading agribusiness company, to implement an AI-powered operating model for IT services.

2 Sources

Google's Gemma AI Models Reach 150 Million Downloads, Showcasing Growth in Open-Source AI

Google's open-source Gemma AI models hit 150 million downloads, with developers creating over 70,000 variants. While impressive, it still trails behind Meta's Llama in adoption.

2 Sources

FOX Launches AI-Driven OneFOX Platform to Revolutionize Advertising Across Its Media Portfolio

FOX Advertising unveils OneFOX, an AI-powered converged media platform, to enhance ad personalization and effectiveness across its entertainment, sports, and news channels.

2 Sources

MySize Inc. Acquires Percentil Assets: Expanding into AI-Driven Circular Fashion and Re-Commerce

MySize Inc., an AI-driven retail solutions company, has acquired key assets of Percentil, a second-hand fashion marketplace, to expand into circular fashion and re-commerce. This strategic move aligns with upcoming EU regulations and leverages AI technology for sustainable fashion.

2 Sources

Stash Secures $146 Million to Enhance AI-Powered Financial Guidance Platform

Investing app Stash raises $146 million in Series H funding to accelerate AI integration in its financial guidance platform, aiming to democratize expert-level investing strategies for everyday users.

2 Sources

Perplexity AI Nears $500M Funding Round at $14B Valuation, Challenging Google's Search Dominance

Perplexity AI, an AI-powered search engine startup, is close to securing a $500 million funding round led by Accel Partners, valuing the company at $14 billion. This significant investment highlights the growing competition in AI-driven search technology.

9 Sources

Zebra Technologies Unveils Advanced AI-Powered Automation Solutions at Automate 2025

Zebra Technologies showcases new intelligent automation solutions for manufacturing and warehouse operations at Automate 2025, featuring AI-driven robotics, machine vision, and RFID technologies to enhance frontline productivity and visibility.

2 Sources

OpenAI and SoftBank's $100B Stargate Project Faces Setbacks Amid Tariff Concerns

OpenAI and SoftBank's ambitious Stargate project, aiming to invest up to $500 billion in AI infrastructure, encounters delays due to economic uncertainties and tariff-related fears.

4 Sources

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