Elon Musk's xAI has partnered with Palantir Technologies and TWG Global, led by Mark Walter and Thomas Tull, to tap into growing AI demand in the financial services industry. The collaboration aims to integrate xAI's models, including its Grok family of large language models and Colossus supercomputer, into business operations. TWG will lead implementation efforts, with the goal of deploying AI-powered solutions in financial services and insurance sectors, potentially attracting more partners after this partnership.
https://channelnewsasia.com/business/musks-xai-joins-twg-global-palantir-ai-push-financial-sector-5112191AMD has forecasted second-quarter revenue above Wall Street estimates, driven by robust demand for its artificial-intelligence chips, particularly among cloud giants like Microsoft and Meta Platforms, which are increasing spending on AI infrastructure. This optimism comes despite global economic uncertainty, and shares rose 6% in extended trading after falling over 17% this year due to concerns about AMD's position in the lucrative AI market.
https://channelnewsasia.com/business/chipmaker-amd-forecasts-second-quarter-revenue-above-estimates-5112926Super Micro Computer has trimmed its fiscal 2025 revenue expectation to $21.8 billion to $22.6 billion, down from a previous forecast of $23.5 billion to $25.0 billion, amid internal issues and concerns about its position in the AI market.
https://channelnewsasia.com/business/super-micro-cuts-annual-revenue-forecast-shares-fall-5112901Google is facing potential breakup of its ad network and search engine due to antitrust concerns, with the Justice Department seeking to dismantle the company's digital ad network and impose restrictions on its popular Chrome browser. A federal judge, Amit Mehta, is expected to rule by Labor Day. If successful, this would be the largest breakup of a US company since AT&T was forced to spin off its phone service in 1984. Google's $265 billion revenue last year is heavily reliant on its search engine and ad network, which are key targets for the Justice Department's efforts.
https://www.boston25news.com/news/us-expands-attempt/OLHXPSB5KZGJDMVIWNNFZOQEB4/Mark Zuckerberg has launched the Meta AI app, a new platform for his company's artificial intelligence chatbot, which is considered a creepier version of ChatGPT.
https://www.smh.com.au/technology/mark-zuckerberg-has-a-creepy-new-way-to-invade-your-privacy-20250506-p5lwuc.htmlC-suite executives are driving the adoption of AI, with 81% of respondents identifying them as the main driver, up from 53% last year. Many expect rapid financial returns on AI spending, with 51% anticipating ROI within the next year and 21% already seeing benefits. However, this executive-led acceleration is accompanied by increased challenges, with nearly a third (29%) of IT leaders feeling overwhelmed by AI implementation requirements, more than double the percentage from last year (12%).
https://www.prnewswire.com/news-releases/flexentials-2025-state-of-ai-infrastructure-report-reveals-growing-pressure-over-ai-implementation-302447223.htmlThe US Air Force has successfully tested prototypes of unmanned aircraft that have received fighter designations, marking a significant milestone in its collaborative combat aircraft programme. Anduril, a company specializing in AI-driven autonomous systems, is involved in the project alongside General Atomics, known for its MQ-9 Reaper drone. The programme aims to develop next-generation uncrewed aircraft that can fly alongside crewed fighter jets, reflecting a strategic shift towards autonomous aerial warfare. US Air Force Chief of Staff David Allvin described the tests as a crucial step towards reducing integration risks and boosting confidence in the programme.
https://www.scmp.com/news/china/military/article/3309244/us-tests-ai-driven-combat-drones-it-competes-china-develop-loyal-wingmen?module=top_story&pgtype=section#commentsChinese scientists at Tsinghua and Beihang universities have created the world's smallest and lightest wireless robot, inspired by Lego design, which can transform to suit conditions. The microrobot features a "morphable actuator" that converts energy into force, enabling it to travel on land or in the air. This innovative technology could be used in complex environments like disaster rescue operations.
https://www.scmp.com/news/china/science/article/3309190/scientists-create-smallest-lightest-wireless-robot-can-transform-suit-conditions?module=scmp_favourites_link&pgtype=404Corporate boards must assess who's responsible for AI oversight, says Matthew Richardson of Brown Rudnick, as artificial intelligence integration creates new challenges in reporting and regulation for companies.
https://news.bloomberglaw.com/artificial-intelligence/corporate-boards-must-assess-whos-responsible-for-ai-oversight