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05 Aug 2025

US Government Approves OpenAI, Google, and Anthropic as AI Vendors for Federal Agencies

The U.S. government has added OpenAI, Google, and Anthropic to its list of approved AI vendors for civilian federal agencies, allowing easier access to AI tools through a pre-negotiated contracting platform.

8 Sources

HSBC Raises S&P 500 Year-End Target to 6,400 Amid AI Boom and Easing Policy Uncertainty

HSBC has significantly increased its year-end target for the S&P 500 index to 6,400, citing the AI boom and reduced policy uncertainty as key factors driving market growth.

2 Sources

Abu Dhabi's MGX Considers $25 Billion AI Investment Fund

Abu Dhabi-based MGX is exploring the possibility of raising up to $25 billion for an AI investment fund, signaling a major push in the artificial intelligence sector.

3 Sources

Raja Koduri's Oxmiq Labs Unveils Revolutionary GPU IP for AI and Graphics

Legendary GPU architect Raja Koduri launches Oxmiq Labs, a startup developing innovative GPU hardware and software IP for AI and graphics workloads, with a focus on RISC-V architecture and CUDA compatibility.

7 Sources

TSMC Initiates Legal Action Over Potential Trade Secret Breach in Advanced Chip Technology

Taiwan Semiconductor Manufacturing Co (TSMC) has launched legal proceedings and taken disciplinary action against employees involved in a potential leak of trade secrets related to its advanced 2-nanometer chip technology.

5 Sources

Infineon Raises Profit Outlook Amid Semiconductor Market Recovery and AI Demand

German chipmaker Infineon has increased its full-year profit guidance following strong quarterly earnings, citing a recovering semiconductor market and growing demand from AI data centers.

2 Sources

Europe's Aging Power Plants Get AI-Driven Makeover as Data Centers

Tech giants like Microsoft and Amazon are repurposing old coal and gas power plants in Europe into data centers, leveraging existing infrastructure to meet the growing energy demands of AI technology.

2 Sources

Samsung Unveils Galaxy Z Fold 7 Enterprise Edition: A Business-Focused Foldable with Enhanced Support and AI Features

Samsung launches the Galaxy Z Fold 7 Enterprise Edition, a variant of its flagship foldable designed for business users, offering extended warranty, enhanced security, and AI-powered productivity tools.

2 Sources

U.S. Imposes 15% Revenue Share on Nvidia and AMD's AI Chip Sales to China Amid Escalating Tech Rivalry

The Trump administration has ordered Nvidia and AMD to pay 15% of their AI chip sales revenue to China to the U.S. government. This unprecedented move comes as part of ongoing efforts to control advanced technology exports and maintain U.S. dominance in the AI sector.

45 Sources

Broadcom Unveils Jericho4: A Game-Changer for Distributed AI Infrastructure

Broadcom introduces Jericho4, a next-generation ethernet fabric router designed to meet the growing demands of AI infrastructure, enabling distributed computing across multiple data centers.

2 Sources

Global M&A Hits $2.6 Trillion Peak, Fueled by AI Boom and Corporate Growth Strategies

Global dealmaking has reached a $2.6 trillion peak in the first seven months of 2025, the highest since the 2021 pandemic era, driven by AI-related transactions and corporate growth strategies despite economic uncertainties.

3 Sources

Fermi America's 'HyperGrid': Nuclear-Powered AI Data Center Planned for Texas

Fermi America announces plans for a massive nuclear-powered data center complex in Amarillo, Texas, partnering with Hyundai for nuclear reactor deployment. The project aims to meet the growing power demands of AI technologies.

2 Sources

Ex-Google Exec Warns: AI Will Displace Jobs Across All Levels, Including CEOs

Mo Gawdat, former chief business officer at Google X, predicts widespread job displacement due to AI, challenging the notion that AI will create new jobs. He warns that even CEOs are at risk of being replaced by artificial general intelligence.

7 Sources

Google Integrates Ads into AI Mode Search, Signaling Shift in Digital Advertising Landscape

Google is actively promoting the integration of advertisements within its AI Mode search, presenting new opportunities and challenges for advertisers and users alike. This move marks a significant development in the evolving landscape of AI-powered search and digital advertising.

2 Sources

Tesla's $243 Million Autopilot Verdict: A Setback for Autonomous Driving and Robotaxi Ambitions

A Florida jury's verdict against Tesla in a fatal Autopilot crash case raises concerns about the safety of autonomous vehicle technology and could impact the company's robotaxi expansion plans.

3 Sources

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