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09 Jul 2025

Waymo Expands Autonomous Ride-Hailing Service to Teens, Starting in Phoenix

Waymo, Alphabet's autonomous vehicle company, now offers accounts for teens aged 14-17 in Phoenix, allowing them to hail driverless rides with parental oversight. This move aims to increase ridership and monetize AI products amid growing competition.

2 Sources

Meta Invests $3.5 Billion in EssilorLuxottica, Boosting AI-Powered Smart Glasses Push

Meta acquires a 3% stake in EssilorLuxottica, the world's largest eyewear maker, signaling a significant investment in AI-powered wearable technology and smart glasses.

11 Sources

Mistral AI in Talks to Raise $1 Billion, Expanding its AI Cloud Services

French AI startup Mistral is reportedly negotiating a $1 billion equity funding round, including debt financing, to bolster its position in the global AI market and fund its new AI cloud service, Mistral Compute.

5 Sources

AI Stock Showdown: Nvidia vs Palantir - Billionaires' Shifting Bets and Market Outlook

As the AI boom continues, billionaire investors are shifting focus from Nvidia to Palantir, with the latter's stock soaring 2,000% since 2023. This shift reflects changing perceptions of growth potential in the AI sector.

7 Sources

Oracle Database@AWS Launches with AI Features and AWS Integration

Oracle and AWS have made Oracle Database@AWS generally available, offering new features including AI capabilities and seamless integration with AWS services.

2 Sources

St. Jude's Fundraising Arm ALSAC Appoints New CEO, Embraces AI in Global Expansion

ALSAC, the fundraising organization for St. Jude Children's Research Hospital, promotes Ike Anand as its new CEO. The organization is navigating global expansion and incorporating AI into its fundraising efforts.

4 Sources

Tech Giants and Teachers' Union Launch $23 Million AI Training Initiative for Educators

OpenAI, Microsoft, and Anthropic partner with the American Federation of Teachers to create the National Academy for AI Instruction, aiming to train 400,000 educators on AI by 2030.

18 Sources

AI Drives Global Venture Funding Surge in Q2 2025, Reaching $91 Billion

Global venture funding reached $91 billion in Q2 2025, with AI sector dominating investments. U.S. startups saw a 75.6% funding increase, while VC firms faced fundraising challenges.

4 Sources

GlobalFoundries Acquires MIPS: A Strategic Move into RISC-V and AI Processor IP

GlobalFoundries, a major semiconductor foundry, has announced its acquisition of MIPS, a developer of RISC-V-based solutions and IP. This move aims to enhance GlobalFoundries' capabilities in AI and processor technologies while maintaining its status as a pure-play foundry.

4 Sources

IBM Unveils Power11 Chips and Servers: Boosting AI Capabilities and Energy Efficiency

IBM introduces its new Power11 chips and servers, offering improved performance, energy efficiency, and AI capabilities. The launch marks a significant upgrade in IBM's data center technology, aiming to simplify AI deployment for businesses.

12 Sources

PayPal Deploys AI-Powered Scam Alert System to Combat Evolving Fraud Tactics

PayPal introduces an advanced AI-driven scam alert system for its global platform and Venmo in the US, aiming to intercept potential fraud in real-time and adapt to emerging scam patterns.

2 Sources

AI's Impact on Entry-Level Jobs: Challenges and Opportunities for Gen Z

AI is reshaping the job market, particularly affecting entry-level positions. This trend poses challenges for Gen Z entering the workforce but also presents opportunities for those who can adapt and leverage AI skills.

11 Sources

IonQ Raises $1 Billion to Accelerate Quantum Computing and Networking Ambitions

IonQ, a leading quantum computing company, has raised $1 billion through an equity offering to accelerate its research, development, and expansion into quantum networking. The company aims to become a major player in both quantum computing and quantum networking.

3 Sources

Cursor's Pricing Controversy: AI Coding Tool Faces Backlash Over Unclear Changes

Anysphere, the company behind the AI-powered coding environment Cursor, apologizes for poorly communicated pricing changes to its Pro plan, leading to user complaints about unexpected costs and usage limits.

2 Sources

CoreWeave CEO Highlights Custom Software Stack as Key Differentiator in AI Infrastructure Race

CoreWeave's CEO Michael Intrator acknowledges Oracle as a formidable competitor in AI infrastructure, emphasizing their custom-built software stack as a key advantage. The company also announces a $9 billion acquisition of Core Scientific.

2 Sources

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