Amid rising U.S.-China tensions and recent layoffs at Amazon Web Services, the tech giant shuts down its AI research lab in Shanghai as part of strategic adjustments and reassessment of operations in China.
Nvidia confronts a $1 billion black market as Chinese distributors illegally sell prohibited AI chips including B200 models to bypass Trump-era export restrictions, while CEO Jensen Huang announces breakthrough agreement allowing resumed H20 chip sales to China.
Gupshup raises over $60 million in funding to expand its conversational AI and messaging platform, powering 120 billion messages annually with industry-trained AI agents handling customer and employee interactions across multiple channels.
OpenAI readies the release of GPT-5, a groundbreaking AI model combining traditional and reasoning capabilities, with mini and nano versions accessible via its API in August 2025.
Microsoft raids Google DeepMind for AI talent, hiring around two dozen employees in recent months to bolster its Copilot assistant led by former DeepMind co-founder Mustafa Suleyman, intensifying the fierce competition between tech giants for top AI talent.
Amazon acquires Bee, a startup with AI technology that transcribes conversations using a $49.99 wearable device, giving users personalized summaries and reminders, as Amazon aims to offer greater device control after the deal closes.
OpenAI and Oracle unveil 4.5 gigawatts of new Stargate data center capacity, with parts of Stargate 1 in Abilene, Texas operational, as part of a $500 billion AI infrastructure investment plan in the U.S. over the next four years.
Alphabet soars with $96.43 billion revenue in Q2, beating expectations, and boosts investment in its booming Cloud business to $85 billion by 2025 amid surging demand.
Alphabet shatters records with a staggering $96.4 billion Q2 2025 revenue, propelled by YouTube's $9.79 billion ad revenue and Cloud's $13.62 billion revenue, despite losses in its Other Bets segment.
Tesla's automotive revenue drops 16% as sales slump, Elon Musk warns of 'rough quarters' ahead due to tariff costs and tax credit expiration, while robotaxi service kicks off in Austin with broader rollout planned by year-end.