Minneapolis Fed President Neel Kashkari said artificial intelligence is reducing hiring needs at large companies while delivering measurable productivity gains. Smaller firms are seeing less impact so far.
DeepSeek publishes a new AI framework to boost scalability and efficiency, highlighting China’s efforts to advance large-scale AI under semiconductor restrictions.
U.S. senators Bernie Sanders and Katie Britt raised concerns about AI’s economic and social impact, calling for stronger oversight. Their remarks highlight growing bipartisan scrutiny of AI deployment.
Indian startups raised $10.5 billion in 2025, with fewer deals and tighter investor selectivity. AI funding grew modestly, diverging sharply from capital concentration trends in the U.S.
Bank of America CEO Brian Moynihan said artificial intelligence is increasingly contributing to U.S. economic growth and investment. He said the bank sees limited systemic risk from AI-related capital spending.
The Pentagon has agreed to integrate xAI’s Grok models into its GenAI.mil platform, supporting AI-driven analysis and automation for millions of defense users.
Biren Technology aims to raise HK$4.85 billion in its Hong Kong IPO, targeting AI chip development and intelligent computing growth amid strong investor interest.
ChatGPT crossed $3 billion in lifetime mobile consumer spending, with most revenue generated in 2025, outpacing TikTok and major streaming apps.
Swedish vibe coding startup Lovable raised $330 million in Series B funding at a $6.6 billion valuation, reflecting rapid growth driven by AI-powered app development.
Amazon appointed AWS veteran Peter DeSantis to head a new AI group managing Nova models, custom chips, and quantum computing as it deepens its AI strategy.
A proposed class-action lawsuit claims Adobe trained its SlimLM AI model on pirated books, adding to mounting legal pressure over copyrighted data used in AI systems.
Databricks secures $4 billion in Series L funding at $134B valuation, fueling AI product growth, Lakebase database development, and enterprise AI agent deployment.