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02 Jul 2025

AI's Growing Influence in HR: Managers Turn to AI for Critical Personnel Decisions

A new study reveals that managers are increasingly using AI tools to make crucial decisions about employee promotions, raises, layoffs, and terminations, raising concerns about ethics, bias, and the future of human resource management.

8 Sources

ABB Expands Robot Portfolio in China, Targeting Mid-Market Growth with AI-Enhanced Solutions

ABB launches three new robot families designed for China's mid-market, leveraging AI for easier operation and targeting sectors like electronics, food and beverage, and metals.

3 Sources

FTC Launches In-Depth Probe into SoftBank's $6.5 Billion Acquisition of AI Chip Designer Ampere

The Federal Trade Commission (FTC) has initiated a detailed investigation into SoftBank's planned $6.5 billion acquisition of AI chip designer Ampere, potentially delaying the deal and raising antitrust concerns in the rapidly evolving AI chip market.

2 Sources

Lovable: The AI 'Vibe-Coding' Startup Poised for $150M Raise at $2B Valuation

Swedish AI startup Lovable, specializing in no-code app development, is on track to raise $150 million at a nearly $2 billion valuation, marking rapid growth in the AI-powered software development sector.

3 Sources

CIMware Secures $2.3M for Revolutionary Data Centre Infrastructure Technology

Bengaluru-based startup CIMware raises $2.3 million in funding to develop innovative data centre infrastructure technology, aiming to significantly improve efficiency and reduce energy consumption in AI-driven computing environments.

2 Sources

Tech Billionaires Launch Erebor: A New Crypto-Friendly Bank to Fill Silicon Valley Bank's Void

Palmer Luckey, Joe Lonsdale, and Peter Thiel back Erebor, a digital-only bank targeting startups, crypto businesses, and defense contractors, aiming to fill the gap left by Silicon Valley Bank's collapse.

7 Sources

Samsung Delays Launch of AI-Powered Home Robot Ballie Amid Pricing and Identity Concerns

Samsung's highly anticipated AI home robot, Ballie, faces another delay as the company grapples with pricing strategy and product identity in the evolving smart home market.

3 Sources

Vinod Khosla Predicts AI Will Replace 80% of Jobs by 2030, Disrupting Fortune 500 Companies

Silicon Valley investor Vinod Khosla forecasts massive job automation and economic shifts due to AI advancements, predicting an era of abundance by 2040.

3 Sources

Mastercard Launches Start Path Security Solutions Program to Support Cybersecurity Startups

Mastercard expands its Start Path initiative to include a new Security Solutions program, supporting startups in cybersecurity, fraud mitigation, digital identity, and payment resiliency. The program aims to address emerging threats and the rising cost of cybercrime.

2 Sources

Napster Reborn as AI Company: Offering Personalized AI Companions for $19/Month

Napster, the former music-sharing platform, has reinvented itself as an AI company, offering personalized AI companions through a subscription service. This transformation marks a significant shift in the company's focus and raises questions about the effectiveness of its new AI-driven approach.

2 Sources

Apple Sues Ex-Engineer for Alleged Theft of Vision Pro Secrets Amid AR Competition

Apple files a lawsuit against a former senior design engineer, Di Liu, accusing him of stealing confidential information about the Vision Pro headset before joining Snap, as competition in the AR glasses market intensifies.

2 Sources

Meta Enhances WhatsApp Business with AI-Powered Features and Voice Calling

Meta introduces AI-powered product recommendations and voice calling features to WhatsApp Business, aiming to improve customer engagement and streamline business operations.

4 Sources

Arista Networks Acquires VeloCloud from Broadcom, Strengthening AI-Driven SD-WAN Capabilities

Arista Networks has acquired VeloCloud, a leading SD-WAN provider, from Broadcom. This strategic move enhances Arista's networking portfolio and positions the company to address evolving WAN traffic patterns and AI-driven networking demands.

2 Sources

Intel's Next-Gen AI Hardware: Jaguar Shores with HBM4 and Diamond Rapids with MRDIMMs

Intel unveils plans for advanced AI hardware, including Jaguar Shores accelerators with SK hynix's HBM4 memory and Diamond Rapids CPUs with 2nd Gen MRDIMMs, signaling a push to compete in the AI chip market.

3 Sources

AI Startups Offer Staggering Salaries to Attract Top Talent in Competitive Market

AI startups like TML, OpenAI, and Anthropic are offering exceptionally high salaries to attract and retain top technical talent, with some companies paying up to $690,000 annually. This trend highlights the intense competition in the AI industry and the value placed on skilled professionals.

2 Sources

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