In a blockbuster $113 billion deal, Elon Musk's AI firm xAI has acquired the social media giant X (formerly Twitter), valuing xAI at $80 billion and X at $33 billion, with Musk claiming the merger will 'unlock immense potential' by fusing AI with X's global reach.
Google unveils Gemini 2.5, a groundbreaking AI model that 'thinks' before answering, with Gemini 2.5 Pro Experimental being its most intelligent multimodal reasoning AI yet, aiming to outpace rivals OpenAI and Anthropic in the AI race.
In a surprising move, Microsoft declined a nearly $12 billion deal for data center capacity, allowing OpenAI to swiftly secure the contract, highlighting the intense competition and high stakes in the AI industry as CoreWeave's impending IPO is viewed as a bellwether for the sector.
PwC has signed a groundbreaking deal to become the first enterprise reseller of OpenAI's ChatGPT, integrating the AI technology into its workforce and services, and positioning itself as a leader in AI adoption and scaling for clients.
Mark Zuckerberg's failed attempt to silence a former employee's memoir, which portrays Meta as prioritizing profits over ethics and ignoring issues like hate speech, has fueled controversy over the tech giant's moral compass and credibility.
In a major cost-cutting move, Amazon is slashing approximately 14,000 managerial jobs, representing a 13% reduction in its global management workforce, aiming to streamline operations, accelerate decision-making, and save between $2.1 billion and $3.6 billion annually.
Despite the hype around AI language models like ChatGPT, the tech industry failed to deliver seamless, AI-powered virtual assistants for gadgets and apps, getting distracted by chatbots and neglecting otherwise good product innovation.
Google and Amazon are pouring billions into AI startup Anthropic, with Google owning a 14% stake and committing over $3 billion, while Amazon has agreed to invest up to $8 billion, raising antitrust concerns about the startup's independence from Big Tech.
Amid growing US-China tech rivalry and national pride, Chinese firms are enthusiastically adopting DeepSeek's AI models for publicity, potential business applications, and showcasing China's AI prowess, fueled by the international reaction to DeepSeek's success.
Cohere and LG CNS have teamed up to revolutionize AI for Korean businesses, co-developing tailored solutions with cutting-edge Korean language capabilities optimized for diverse sectors, aiming to propel enterprise AI adoption across industries in South Korea.