The first European edition of Dubai's Gitex technology exhibition in Berlin aims to foster new economic corridors and business partnerships. Minister of State for Entrepreneurship Alia Al Mazrouei hopes the event will attract investment into UAE tech companies, building on last year's non-oil trade between Germany and the UAE reaching 13.4 billion euros. The UAE is partnering with German companies like Nvidia to build an AI campus near Paris, focusing on AI, quantum computing, and next-generation materials.
https://www.thenationalnews.com/news/uae/2025/05/21/gitex-europe-can-forge-new-corridor-of-co-operation-uae-minister-says/Upstart's lending platform has seen significant growth in its personal loan originations, with $2 billion in loans issued in the March quarter, a 83% increase from the previous year. The platform's automated system, which accounts for 92% of its loans, resulted in "no human intervention" and led to improved borrower health and higher conversion rates, boosting revenues by 67%. CEO Dave Girouard attributes this success to new algorithms that can cluster data with meaningful relationships, making seemingly random data valuable for predicting credit performance.
https://www.pymnts.com/artificial-intelligence-2/2025/earnings-season-finds-ai-edge-in-lending/Chinese President Xi Jinping inspected production lines and engaged with frontline workers to understand product development and progress in transformation and upgrading. In January 2025, he visited the Bensteel Group's control center in Liaoning Province to examine their centralized control intelligent system. Xi emphasized the need for higher standards, smarter operations, and more eco-friendly development in manufacturing, aiming to create technology-intensive products with higher added value.
https://www.globaltimes.cn/page/202505/1334611.shtmlApple's former design chief Jonathan Ive is set to infuse his expertise into OpenAI's software, particularly on mobile and desktop interfaces. The collaboration comes after Apple partnered with OpenAI to integrate ChatGPT access into its platforms. However, the partnership has been met with criticism that Apple's own generative AI efforts are lagging behind industry standards. Meanwhile, Ive's design firm Loveform is working closely with OpenAI as a client, and the CEO Sam Altman hinted at a new generation of AI-powered computers in collaboration with Ive. The project aims to create intelligent consumer electronics that utilize AI for various applications, with the first device reportedly "almost completely capturing our imagination".
https://www.techradar.com/computing/artificial-intelligence/iphone-designer-jony-ive-joins-openai-but-dont-expect-a-new-chatgpt-smartphoneJony Ive has joined OpenAI as a key partner, describing the collaboration as a "relationship and a way of working together" that will yield innovative products. Ive, who considered Steve Jobs his "spiritual partner," believes Jobs would be proud of his involvement with OpenAI. As part of this partnership, Ive's design firm, LoveFrom, will oversee all design for OpenAI, including its software, while remaining independent alongside co-founder io, which Ive also started last year with fellow Apple alumni Scott Cannon, Evans Hankey, and Tang Tan.
https://petapixel.com/2025/05/21/openai-buys-apple-vet-jony-ives-ai-device-startup-for-6-5-billion/Jony Ive, the legendary designer behind Apple's iPhone, has joined OpenAI to create devices tailored for using generative artificial intelligence as part of an acquisition of his startup "IO" valued at $6.5 billion. OpenAI CEO Sam Altman described a prototype shared by Ive as "the coolest piece of technology that the world will have ever seen." Ive worked closely with Apple co-founder Steve Jobs, revitalizing the brand's products such as the iMac and AirPods. The collaboration aims to create a revolutionary new way to interact with AI, potentially threatening Apple's Siri digital assistant.
https://www.malaymail.com/news/life/2025/05/22/openai-teams-up-with-iphone-legend-jony-ive-to-build-the-coolest-tech-ever-that-could-rival-smartphones/177698Apple co-founder Steve Jobs' former design chief, Jony Ive, has teamed up with Sam Altman at OpenAI to develop an unknown AI device that aims to "move consumers beyond screens." The device's existence and features have not been disclosed, but it is reportedly portable and will be released at a later date. Ive's team will also take over the development of ChatGPT, aiming to improve its capabilities. However, Ive has previously expressed disappointment with previous AI products, including the failed Humane AI Pin, which was sold for a fraction of its initial valuation after experiencing numerous problems.
https://gizmodo.com/jony-ive-and-sam-altman-sitting-in-a-tree-k-i-l-l-i-n-g-the-smartphone-2000605603A US federal judge is considering sanctions against attorneys from a high-priced law firm for using AI-powered chatbot ChatGPT to write court filings, including case citations in a prison case. The filings were deemed inaccurate and included non-existent references. The law firm's use of the technology has raised concerns about its potential impact on the justice system.
https://www.boston25news.com/news/judge-considers/2KRXT3Y4DZACPKVM37FEBT3XKE/A judge is considering sanctions against attorneys in a prison case for using AI in court filings, citing concerns over the use of artificial intelligence in legal proceedings. The move comes as courts grapple with the increasing use of technology in the justice system.
https://www.livemint.com/companies/news/judge-considers-sanctions-against-attorneys-in-prison-case-for-using-ai-in-court-filings-11747870070914.html