🔥 Story Of The Week: Nvidia makes history by becoming the first company to reach a $5 trillion valuation. The milestone, driven by the AI boom, highlights the market's unprecedented scale and growing concerns about market concentration.
⭐️ Must Reads: In a landmark move, OpenAI has completed its restructuring into a $500 billion public benefit corporation. Elon Musk's xAI launched the controversial AI-generated encyclopedia, Grokipedia. The AI expansion also pushed into new sectors as Nvidia invested $1 billion in Nokia to pioneer 6G. On the ground, the NHS began trialing an AI tool for same-day prostate cancer diagnosis.
🧰 Technology: OpenAI's CEO Sam Altman laid out an ambitious roadmap for autonomous AI researchers by 2028. In the physical world, the $20,000 1X Neo humanoid robot is now available for preorder to bring AI assistance into homes. Microsoft is reviving the AI assistant concept with Mico, the animated successor to Clippy.
📊 Business: AI's impact on the workforce is accelerating as Amazon announced 14,000 corporate job cuts in a major AI-driven restructuring. In a similar move, YouTube is offering employee buyouts as it reorganizes around AI. Eli Lilly and Nvidia are partnering to build a massive supercomputer, aiming to accelerate AI-driven drug discovery.
📝 Policy: In a significant safety move, Character.AI has banned open-ended chats for users under 18. Corporate governance is also evolving, with the revised Microsoft and OpenAI deal now requiring an independent panel to verify when AGI is achieved. The high stakes of AI policy were also on display as Nvidia's CEO met with the Trump administration to advocate for China trade.
⚡ Startups: OpenAI is expanding its ecosystem, acquiring Mac interface startup Sky to enhance ChatGPT and also backing biosecurity firm Valthos to combat AI bioweapons. The enterprise agent market is also heating up as Accenture invested in platform Lyzr to accelerate adoption in financial services.
👇 Keep scrolling to read the full stories in detail.
