NewsFeed

June 15, 2025

UN Warns of AI Risks, Urges Global Action Now

The United Nations has issued a warning about the rapid development of Artificial General Intelligence (AGI), citing concerns over its potential risks. A report emphasizes the need for global coordination to address these risks, which could lead to harmful outcomes if not addressed promptly. The UN is urging immediate international action to mitigate AGI's risks and prevent negative consequences.

https://www.ndtv.com/feature/un-sounds-alarm-on-ai-nearing-human-like-intelligence-agi-urges-action-8672009?pfrom=home-ndtv_lateststories_topstoriesImg

June 15, 2025

Scale AI Poised for Explosive Revenue Growth

Labelbox expects a significant surge in revenue as demand for its service triples overnight, driven by growing needs for high-quality data to train machine learning models. Scale AI, founded in 2016, is well-positioned to capitalize on this trend with its labeled training data essential for applications like generative AI, autonomous driving, and government defense.

https://www.ibtimes.sg/google-breaks-ties-scale-ai-following-metas-power-move-ai-data-war-escalates-80360

June 15, 2025

Meta and OpenAI Invest in AI-Powered Hardware

Several US media outlets report that Meta and OpenAI are making significant investments in AI-infused hardware, following the failure of the AI Pin, a gadget worn like a badge that was marketed by startup Humane but discontinued due to lack of buyers. OpenAI has partnered with Apple's Ive's startup, while Google is working on mixed-reality glasses with AI smarts and Amazon is enhancing Alexa capabilities in its Echo speakers and displays. Futurum research director Olivier Blanchard envisions an AI interface that allows users to interact with AI without being connected to the internet, citing concerns about reliability, security, cost, and environmental impact. OpenAI has recently hired former Facebook executive Fidji Simo as head of applications to address the hardware question, while Google chief Sundar Pichai advocates for "ambient computing" where technology blends into the world, waiting to be called upon through spoken dialogues.

https://www.victoriaadvocate.com/news/nation/big-tech-on-a-quest-for-ideal-ai-device/article_d803c03e-0968-5e08-b7f8-6b86ad43ca26.html

June 15, 2025

AI Shifts Hiring Focus from Credentials to Potential

A recent TestGorilla survey found that nearly two-thirds of hiring decision-makers use AI to generate job descriptions and screen applications. However, a smaller proportion are utilizing AI for actual interviews. According to Chamorro-Premuzic, the focus is shifting from credentials to potential, with employers prioritizing skills over traditional qualifications. He believes AI can help evaluate candidates' hard work, curiosity, and people skills, rather than just their current skills, which may become obsolete in six months.

https://www.thenews.com.pk/print/1321301-ai-s-arrival-at-work-reshaping-employers-hunt-for-talent

June 15, 2025

Lee's Budget Fails to Revive Stagnant Economy

Korea's economy contracted by 0.2% in the first quarter due to weak domestic demand. President Lee hopes an extra budget will boost the stagnant economy, but a long-term plan is needed for sustainable growth. The new president has pledged support for creative business activity and a regulatory environment that encourages entrepreneurship, with artificial intelligence identified as a key growth driver.

https://koreajoongangdaily.joins.com/news/2025-06-16/opinion/columns/Government-support-should-focus-on-small-firms-and-lowincome-households/2330299

June 15, 2025

Meta, Salesforce, ServiceNow Vie for Data Firms

The unglamorous world of data infrastructure has become a hot target for tech companies in the AI race. Companies like Meta, Salesforce, and ServiceNow are seeking to acquire data processing firms that build advanced AI models, with OpenAI, Google, and Anthropic leading the competition. This trend is driven by the crucial role data plays in building AI, with experts stating that "data is having a zeitgeist moment right now driven by AI."

https://www.khaleejtimes.com/business/unglamorous-world-of-data-infrastructure-driving-hot-tech-ma-market-in-ai-race?utm_source=most-popular-business

June 15, 2025

Amazon Invests $20 Billion in PA Data Centers

Amazon is expanding its data center infrastructure in Pennsylvania with a minimum investment of $20 billion, following similar investments in North Carolina ($10 billion) and Taiwan (over $5 billion), as major tech companies like Microsoft and Google ramp up their presence to meet growing demand for generative AI and cloud computing.

https://www.gulftoday.ae/business/2025/06/15/amazon-to-invest-13b-in-australias-data-center-infrastructure-over-five-years