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18 Jul 2025

Nvidia CEO's China Visit: Discussions on AI, Foreign Investment, and Chip Exports

Nvidia CEO Jensen Huang's recent visit to China involved high-level meetings with Chinese officials, discussing AI cooperation, foreign investment, and the potential export of Nvidia's AI chips to the Chinese market.

5 Sources

China Cracks Down on Rare Earth Smuggling Amid Escalating Trade Tensions with US

China's Ministry of State Security announces a crackdown on alleged smuggling of rare earth minerals, citing national security concerns. This move comes amid ongoing trade tensions with the US and recent agreements to ease restrictions on rare earth exports.

6 Sources

Meta Shifts Threads Leadership: AI Executive Connor Hayes to Take the Helm

Meta announces a significant leadership change for its social media app Threads, with AI product head Connor Hayes set to replace Instagram chief Adam Mosseri in overseeing the platform's operations.

2 Sources

Elon Musk's Neuralink Files as 'Disadvantaged Business' Amid $9 Billion Valuation

Elon Musk's brain-computer interface company Neuralink filed as a "small disadvantaged business" with the U.S. Small Business Administration, shortly before being valued at $9 billion. This filing occurred while Musk led the Department of Government Efficiency in the Trump administration.

2 Sources

Perplexity AI Gains Ground in India Through Strategic Partnership with Airtel

Perplexity AI partners with Bharti Airtel to offer free Pro subscriptions, challenging OpenAI's ChatGPT dominance in the Indian market.

6 Sources

Perplexity AI Secures $100 Million Funding, Reaching $18 Billion Valuation

Perplexity AI, an AI-powered search engine startup, has raised $100 million in a new funding round, valuing the company at $18 billion. This development highlights the growing investor interest in AI startups and Perplexity's potential to challenge Google's dominance in internet search.

4 Sources

Netflix Pioneers Generative AI in Visual Effects for Original Content

Netflix reveals its first use of generative AI for final footage in an original series, highlighting potential for faster, cost-effective content creation in the entertainment industry.

40 Sources

Citi and Ant International Launch AI-Powered FX Risk Management Tool

Citigroup and Ant International have partnered to create an AI-driven foreign exchange risk management solution, initially piloted for aviation clients, promising significant cost savings in hedging.

3 Sources

OpenAI Advisory Board Recommends Continued Nonprofit Oversight for AI Development

An advisory board convened by OpenAI recommends that the company should continue to be controlled by a nonprofit, emphasizing the need for democratic participation in AI development and governance.

6 Sources

Wall Street Hits Record Highs as Tech and AI Stocks Rally

Wall Street reached new record highs, driven by strong performances in tech and AI-related stocks, positive economic data, and better-than-expected corporate earnings reports.

3 Sources

Hadrian Secures $260 Million to Expand AI-Powered Defense Manufacturing

Hadrian, a defense manufacturing startup, raises $260 million in Series C funding to build and expand AI-powered factories, aiming to revolutionize U.S. defense production with advanced automation.

3 Sources

CSC Partners with Salesforce to Launch AI-Powered Grievance Redressal Platform in Rural India

Common Services Centres (CSC) collaborates with Salesforce to implement an AI-driven grievance redressal system, aiming to enhance support for citizens and Village Level Entrepreneurs in rural and semi-urban areas of India.

2 Sources

Amazon Web Services Cuts Hundreds of Jobs Amid AI Push and Restructuring

Amazon's cloud computing division, AWS, has laid off hundreds of employees as part of a broader restructuring effort and increased focus on AI technologies. The move comes shortly after CEO Andy Jassy's warning about potential workforce reductions due to AI adoption.

8 Sources

OpenAI Launches ChatGPT Agent: A New Era of AI-Powered Task Automation

OpenAI introduces ChatGPT Agent, a powerful AI assistant capable of performing complex tasks across multiple platforms, marking a significant advancement in agentic AI technology.

62 Sources

Indian Startup QpiAI Secures $32M for Quantum-Powered AI Development

QpiAI, an Indian quantum computing startup, has raised $32 million in Series A funding to advance its quantum-AI integration efforts and expand globally.

3 Sources

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