Alibaba Group Holding's cloud unit has led a US$14 million funding round for Hangzhou-based AI start-up BetterYeah AI, which specializes in enterprise AI agents. The company, founded by former Alibaba executives, aims to leverage AI technology to boost business efficiency. This is the "largest single investment deal" in the AI agent market, according to BetterYeah AI.
https://www.scmp.com/tech/big-tech/article/3316819/alibaba-leads-us14-million-funding-round-chinese-corporate-ai-agent-start?module=top_story&pgtype=sectionEuropean companies ASML Holding NV and Mistral AI have asked the European Union to delay the implementation of its landmark artificial intelligence regulation, citing concerns it puts the continent's AI ambitions at risk. The request comes from over 45 organizations in a letter to EU President Ursula von der Leyen, urging for a more "innovation-friendly regulatory approach."
https://www.livemint.com/companies/news/asml-mistral-ask-eu-to-delay-start-of-ai-act-rules-11751533909628.htmlEuropean companies including ASML Holding NV, Airbus SE and Mistral AI have called on the European Union to suspend the implementation of its landmark artificial intelligence regulation for two years due to concerns it may hinder innovation. The request was made in a letter signed by representatives from over 45 organizations, led by EU President Ursula von der Leyen, who is asked to adopt a more "innovation-friendly regulatory approach."
https://news.bloomberglaw.com/ip-law/asml-airbus-mistral-ask-eu-to-delay-start-of-ai-act-rules-1The European Commission has delayed the publication of a code of practice for large language models (GPAI) by more than six months, potentially until the end of 2025, due to calls from companies like Google and Meta Platforms, as well as EU governments, for a delay. Alphabet's Google, Meta Platforms, European companies such as Mistral and ASML, and several EU governments have expressed concerns about implementing the Artificial Intelligence Act's GPAI rules.
https://channelnewsasia.com/business/code-practice-help-companies-ai-rules-may-come-end-2025-eu-says-5218701Mark Zuckerberg has expressed his concerns about the rapid advancement of artificial intelligence (AI) technology, stating that it's happening at an unprecedented pace. He believes this acceleration poses significant challenges and opportunities for companies like Meta, where experts such as Ji Lin, Joel Pobar, Jack Rae, Johan Schalkwyk, Pei Sun, Hongyu Ren, Jiahui Yu, and Shengjia Zhao are working on developing AI systems that integrate language, reasoning, vision, and multimodal capabilities.
https://www.ibtimes.sg/mark-zuckerberg-announces-meta-superintelligence-labs-star-studded-team-80578OpenAI has agreed to rent 4.5 gigawatts of computing power from Oracle data centres in the US as part of its Stargate initiative, a move highlighting the immense energy demands of cutting-edge AI products. The deal underscores OpenAI's need for significant computational resources, which could power millions of American homes.
https://www.scmp.com/tech/big-tech/article/3316730/openai-rent-more-computing-power-oracle-data-centres-part-stargate-deal?module=top_story&pgtype=sectionCoreWeave has announced it is deploying NVIDIA's GB300 NVL72 systems, which offer a 10x boost in user responsiveness, a 5x improvement in throughput per watt, and a 50x increase in output for reasoning model inference, marking a significant leap in performance for AI workloads.
https://www.prnewswire.com/news-releases/coreweave-becomes-first-hyperscaler-to-deploy-nvidia-gb300-nvl72-platform-302497802.htmlKalli Purie, Vice Chairperson of the India Today Group, spoke at the Oxford India Forum about leadership and media in the age of artificial intelligence. She emphasized that innovation should not compromise on storytelling's core while utilizing new tools. Moderated by Kanksshi Agarwal, their discussion focused on "Bridges Across Centuries: Leadership Lessons for the Algorithm Age".
https://indiatoday.in/india/story/kalli-purie-on-leadership-legacy-and-future-of-media-at-oxford-india-forum-2750215-2025-07-03Amazon has deployed its millionth robot in a Japanese fulfillment center, marking a significant milestone in the company's adoption of automation. The deployment comes as Amazon introduces its DeepFleet generative AI model, which will optimize the movement of robots across its network, reducing travel time by 10%. With this and other advanced machines like Digit and Vulcan, Amazon is rapidly increasing its robotic workforce, with around three out of every four deliveries worldwide now assisted by robots. The company's robot fleet has grown from 350,000 in 2021 to over a million, with the number of packages moved per employee rising from 175 in 2015 to 3,870 today.
https://www.techspot.com/news/108519-amazon-hits-1-million-warehouse-robots-nearly-matching.html#commentsOffset