NewsFeed

March 31, 2025

Gruber Slams Apple's Lack of Skepticism on AI

Tech analyst John Gruber criticized Apple for its artificial intelligence strategy, citing a perceived lack of skepticism when the company announced a major generative AI upgrade for Siri in June.

https://www.japantimes.co.jp/business/2025/03/31/tech/apple-ai-strategy-doubts/

March 31, 2025

GSR Ventures' Allen Zhu Slams Humanoid Robots

Chinese venture capitalist Allen Zhu, managing director at GSR Ventures, has questioned the commercial viability of humanoid robots, citing uncertainty in their application and lack of clear commercialization. He revealed that his fund had exited several investments in the sector, sparking debate among China's robotics community. Zhu joked that while many humanoid robots can perform impressive physical feats, there is no concrete evidence of their commercial value.

https://www.scmp.com/tech/tech-trends/article/3304571/chinese-venture-capital-veteran-allen-zhu-questions-humanoid-robots-commercial-value?module=top_story&pgtype=section

March 31, 2025

Hedge Funds Dump Nvidia, AMD, Tesla Amid Tariff Fears

Hedge funds are rapidly selling tech stocks, including Nvidia, Advanced Micro Devices, and Tesla, as they expect copper tariffs to take effect on April 2. The selling is largely driven by companies that make AI-related hardware, with US tech stocks accounting for 75% of the total sales last week. This marks a five-year low in hedge fund exposure to this sector. The sudden shift in sentiment may be due to strong retail buying, which could trigger a short squeeze as bearish bets become too expensive to hold.

https://www.thestar.com.my/tech/tech-news/2025/03/31/hedge-funds-flee-techs-stocks-before-tariffs-take-hold-says-goldman-sachs

March 31, 2025

Hexagon Launches Robotics Division with Arnaud Robert

Hexagon, a market leader in measurement technology and sensors, is launching a dedicated robotics division to drive further progress in autonomous systems. The new division will focus on industrial applications and leverage Hexagon's proven track record in manufacturing, automotive, aviation, energy, warehousing, and logistics markets. Arnaud Robert, a global strategic leader with 25 years of experience in AI, has been appointed as President of the robotics division. He will lead R&D, product, commercial, operations, partnerships, and support functions to build autonomous robotics solutions that leverage recent advances in robotics and AI, aiming to redefine efficiency, intelligence, and automation across several industries.

https://www.prnewswire.com/news-releases/hexagon-launches-new-robotics-division-to-drive-next-generation-autonomy-302415328.html

March 31, 2025

Hong Kong Partners with PolyU on AI Research Institute

Hong Kong has signed a framework agreement with PolyU, a university, to strengthen its AI influence and technological excellence. The government aims to foster scientific and technological innovation through public-private collaboration, leveraging Hong Kong's unique position as a global hub connected to the mainland. A new research institute will focus on creating industry-ready AI solutions for pressing societal challenges. The partnership includes cooperation with PolyU's subsidiaries in areas like industrial intelligence, financial technology, and digital transformation, aiming to bridge the gap between research and industry, create job opportunities, and enhance workforce capabilities.

https://opengovasia.com/2025/03/31/hong-kong-polyus-strategic-collaboration-advances-ai-innovation/

March 31, 2025

JK Tech's New Leader Eyes US Expansion

Sameer Nagpal, the new President & CEO of JK Tech, aims to leverage his expertise to boost the company's US market presence and drive transformative outcomes for clients. He plans to build on JK Tech's momentum, delivering groundbreaking AI solutions that empower enterprises to thrive in a competitive landscape.

https://www.prnewswire.com/news-releases/jk-tech-appoints-sameer-nagpal-as-president--ceo-to-propel-growth-in-the-gen-ai-era-302414196.html

March 31, 2025

Mural Prioritizes Transparency in AI Innovation

Mural has developed AI literacy practices as part of its participation in the European Union's AI Pact, which are now included in the European Commission's Living Repository. The company is prioritizing transparency, accountability, and trust in its AI innovation, with CEO Leigh-Margaret Stull stating that these priorities are critical for redefining how AI works in team collaboration. Mural's proactive involvement in the AI Pact demonstrates its commitment to aligning with regulatory standards and leading responsible AI development. The company has focused on driving AI literacy within its organization and anticipating customer needs, ensuring it can offer powerful AI tools while addressing concerns about AI.

https://www.prnewswire.com/news-releases/murals-ai-literacy-practices-added-to-eus-living-repository-affirming-commitment-to-leading-responsible-ai-practices-302414667.html

March 31, 2025

Musk's xAI Acquires Twitter for $33 Billion

Elon Musk's AI-powered startup, xAI, has acquired Twitter for the second time in three years, with a value of $33 billion excluding debt. The acquisition was facilitated by Musk's use of his artificial intelligence technology.

https://news.bloomberglaw.com/private-equity/musks-xai-deal-offers-an-unexpected-win-for-x-investors

March 31, 2025

Netskope Warns of GenAI Cybersecurity Risks Escalate

Netskope is urging enterprises to adopt a comprehensive approach to risk management as GenAI becomes increasingly integrated into various systems, posing a growing cybersecurity challenge. Director of Netskope Threat Labs, Ray Canzanese, warns that this integration can lead to sensitive data being exposed to third parties who may use it to train new AI models, creating more widespread data exposures.

https://www.techradar.com/pro/data-needed-for-genai-is-putting-businesses-at-risk