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06 Aug 2025

Apple Introduces AI-Powered Support Assistant in Limited Preview

Apple quietly launches an AI-powered chatbot called Support Assistant within its Apple Support app, marking the company's first public foray into conversational AI technology.

6 Sources

Chinese Nationals Arrested for Smuggling Advanced Nvidia AI Chips to China

Two Chinese nationals have been arrested in California for illegally exporting high-performance AI chips, including Nvidia H100 GPUs, to China, violating U.S. export controls. The case highlights ongoing tensions in the AI chip trade between the U.S. and China.

14 Sources

OpenAI Joins the Open-Source AI Movement, Releasing Free and Customizable Models

OpenAI has announced the release of two open-weight large language models, marking a significant shift in their strategy and intensifying competition with Meta and other AI companies in the open-source arena.

2 Sources

Axon Enterprise Soars on Strong Q2 Earnings, Boosted by AI Integration

Axon Enterprise, known for TASER devices and law enforcement technology, reports impressive Q2 2025 results with significant revenue growth and AI-driven innovations, leading to a surge in stock price.

3 Sources

OpenAI Releases First Open-Weight AI Models Since 2019: A Shift in Strategy and Implications for the AI Landscape

OpenAI launches two open-weight AI models, gpt-oss-120b and gpt-oss-20b, marking a significant shift in the company's strategy and potentially reshaping the open AI model landscape.

42 Sources

ElevenLabs Launches AI Music Generator with Commercial Rights, Expanding its AI Audio Portfolio

ElevenLabs, known for its AI voice generation technology, has unveiled an AI music generator called Eleven Music. The tool claims to produce music cleared for commercial use, marking a significant expansion of the company's AI audio capabilities.

7 Sources

Gartner's Stock Plummets Despite Q2 Earnings Beat and AI Tool Launch

Gartner's shares dropped over 27% despite beating Q2 estimates, as investors focus on slowing contract value growth. The company launches AI-powered 'AskGartner' tool amid market concerns.

4 Sources

Wells Fargo Rolls Out Company-Wide AI Agents in Collaboration with Google Cloud

Wells Fargo is implementing AI agents across its entire organization, from branch tellers to investment bankers, using Google Cloud's Agentspace platform. This move aims to enhance efficiency, automate tasks, and improve customer service.

3 Sources

Inveniam and MANTRA Partner to Develop AI-Powered Real-World Asset Ecosystem in UAE and US

Inveniam and MANTRA announce a $20 million partnership to integrate AI and blockchain technologies for tokenizing real-world assets, aiming to revolutionize the DeFi market and institutional asset management.

2 Sources

Palo Alto Networks Unveils Cortex Cloud ASPM: Revolutionizing AI and Cloud Application Security

Palo Alto Networks introduces Cortex Cloud Application Security Posture Management (ASPM), a prevention-first solution designed to fix security issues in AI and cloud applications before deployment, offering faster and more cost-effective protection.

3 Sources

Lyric Secures $43.5M in Series B Funding for AI-Powered Supply Chain Intelligence Platform

Lyric, a next-generation supply chain intelligence startup, has raised $43.5 million in Series B funding to expand its AI-powered platform that enhances supply chain operations through advanced modeling and analytics.

2 Sources

AI Startup Clay Secures $100 Million Funding, Valuation Soars to $3.1 Billion

Clay, an AI startup specializing in sales and marketing automation, has raised $100 million in its latest funding round led by CapitalG, valuing the company at $3.1 billion. This significant investment highlights the continued investor interest in AI technologies.

4 Sources

AI Startup August Raises $7 Million to Revolutionize Midsize Law Firms

August, an AI startup founded by Columbia University alumni, has secured $7 million in seed funding to bring AI solutions to midsize law firms, aiming to increase efficiency and reduce costs in the legal sector.

5 Sources

AI-Powered Fintech Alaan Secures $48M in Series A Funding, Revolutionizing Spend Management in MENA

Alaan, a Dubai-based AI-powered spend management platform, has raised $48 million in Series A funding, marking one of the largest rounds for a fintech in the MENA region. The company is leveraging AI to streamline corporate expense management and expand its presence in the Middle East.

2 Sources

AMD Challenges Nvidia's AI Dominance with New Chips and Global Strategy

AMD is making significant strides in the AI chip market, challenging Nvidia's dominance with new products and strategies. The company's CEO, Lisa Su, outlines AMD's roadmap to become a full-stack AI infrastructure player.

7 Sources

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