China’s OpenAI Rivals Reveal IPO Economics
Chinese generative AI startups MiniMax and Zhipu AI have disclosed their financials ahead of potential Hong Kong listings, highlighting modest revenues and mounting losses compared with U.S. peers.
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Chinese generative AI startups MiniMax and Zhipu AI have disclosed their financials ahead of potential Hong Kong listings, highlighting modest revenues and mounting losses compared with U.S. peers.
Artificial intelligence has become a major factor behind U.S. job cuts in 2025, with companies citing automation and efficiency gains as reasons for workforce reductions. More than 55,000 layoffs this year have been directly attributed to AI adoption.
Biohacker Bryan Johnson argues artificial intelligence and experimental medicine could enable functional human immortality within 15 years, despite major unresolved risks.
The House approved the SPEED Act to speed federal permits for AI infrastructure, tightening environmental review timelines as lawmakers debate energy, data centers, and competitiveness.
OpenAI and Anthropic are rolling out new safety measures aimed at protecting teenage users as AI chatbots become more embedded in education and social life. The updates focus on age-appropriate interactions, parental oversight, and stricter content controls.
ChatGPT crossed $3 billion in lifetime mobile consumer spending, with most revenue generated in 2025, outpacing TikTok and major streaming apps.
Visa said it successfully completed hundreds of AI-driven transactions in a pilot program testing agent-based payments. The effort reflects a broader push across fintech to let AI agents handle purchases on behalf of consumers.
Luma unveiled Ray3 Modify, an AI video model that edits existing footage using character references and frame guidance while preserving motion and performance.
Amazon is rolling out AI-powered Greetings for Ring doorbells, allowing Alexa+ to manage deliveries, screen visitors, and take messages using video analysis.
Mozilla appointed Anthony Enzor-DeMeo as CEO as Firefox faces new AI-driven browser competition and plans optional AI features and diversified revenue streams.
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.
A California administrative law judge ruled Tesla’s Autopilot and Full Self-Driving marketing deceptive, opening the door to possible license suspensions if claims are not corrected.
MoEngage raised $180 million in a Series F follow-on round, valuing the company at over $900 million and boosting investment in its AI-driven customer engagement platform.
Meta released a v21 update for Ray-Ban Meta and Oakley Meta AI glasses, introducing conversation focus and a Gemini-powered Spotify music matching feature.
OpenAI released a new version of ChatGPT Images powered by a flagship image generation model that delivers faster output and more precise edits. The update also introduces a dedicated Images workspace and a lower-cost API offering, GPT Image 1.5.