🚗 General Motors Appoints Chief AI Officer
GM has named Barak Turovsky as its first-ever Chief AI Officer to lead the integration of AI across electric and combustion-engine vehicles. Turovsky, a former AI leader at Google and Cisco, will focus on improving customer experiences, manufacturing efficiency, and AI-powered vehicle features. GM has already been using AI for EV charger placement, dealer order processing, and factory optimization.
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📈 Intel's Stock Surges on AI Chip Testing
Intel’s shares jumped 6% after reports revealed that Nvidia and Broadcom are testing its 18A process technology for AI chip manufacturing. AMD is also considering using this technology, signaling a potential turnaround for Intel, which has faced a 43% decline over the past year despite a recent 18% year-to-date increase.
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📉 Nvidia's Stock Drops as AI Market Cools
Nvidia's stock fell nearly 10%, wiping out six months of gains, as investors pull back from the AI hype. Other AI-related stocks, including Super Micro (-13.8%), Arm Holdings (-8.6%), and Broadcom (-6.8%), also dropped. Analysts cite concerns over China-related trade restrictions and AI market saturation as key reasons.
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💰 Anthropic Hits $61.5 Billion Valuation After $3.5B Funding
Amazon and Google-backed Anthropic secured a $3.5 billion investment, bringing its valuation to $61.5 billion. Investors include Lightspeed Venture Partners, Cisco, Salesforce, and Fidelity. The funding will fuel next-gen AI development, mechanistic interpretability research, and global expansion.
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🗣️ Amazon Unveils AI-Powered Alexa+
Amazon has launched Alexa+, a $20/month AI-powered upgrade that allows users to book rides, make reservations, and manage home tasks. The new assistant, free for Prime members, integrates with Uber, OpenTable, and Ticketmaster and is designed to enhance Echo Show devices.
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🎬 Hollywood’s AI Films May Compete for Oscars
Films like The Brutalist and Emilia Pérez, which use AI in scriptwriting, dubbing, and post-production, could be Oscar contenders, sparking debates about AI’s role in filmmaking. The Academy is considering AI disclosure requirements amid ongoing concerns from actors and writers.
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📰 LA Times Launches AI-Powered Political Ratings
The Los Angeles Times is introducing "Insights", an AI-driven political rating system that labels opinion pieces as Left, Center-Left, Center, Center-Right, or Right. The AI-generated labels, which will not be human-reviewed before publication, have raised concerns among journalists.
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🤖 Tesla's AI & Robotics Get Wall Street Nod
Morgan Stanley reinstated Tesla as its top U.S. auto stock, citing its AI and robotics advancements as key growth drivers. While its vehicle division faces challenges, its AI-driven autonomy and robotics projects could shape its long-term future.
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