OpenAI has partnered with Mattel to integrate AI-powered technologies into its products and provide its employees with access to ChatGPT, a cutting-edge language model developed by the company.
https://observer.com/2025/06/chatgpt-barbie-mattel-openai/Meta Platforms Inc. has invested billions of dollars in Scale AI, a company that provides data sources for artificial intelligence models. OpenAI will continue working with Scale AI to maintain its ecosystem of data sources.
https://news.bloomberglaw.com/mergers-and-acquisitions/openai-to-continue-working-with-scale-after-meta-deal-cfo-saysArtificial intelligence poses significant risks to the private credit market, with experts warning that these risks are emerging faster than expected. Industry veterans at the Bloomberg Global Credit Forum in Los Angeles expressed concerns about AI's impact on businesses, citing Ellen Schneider, Dani Burger, and Jill R. Shah as sources. They believe AI-related challenges will be a major concern for lenders, potentially threatening the stability of the private credit market.
https://news.bloomberglaw.com/banking-law/private-public-debt-markets-seen-converging-in-credits-3-0-eraAllSci, a Maryland-based company, has been awarded a grant from Montgomery County's Technology Innovation Fund. The grant will accelerate AllSci's development of its AI-powered research platform, enabling scientists at all levels to collaborate more effectively. This move aims to make science more accessible and inclusive, supporting students and senior researchers in formulating hypotheses, validating findings, and contributing to the scientific record.
https://www.prnewswire.com/news-releases/allsci-wins-grant-to-expand-ai-platform-for-pharma-and-biotech-rd-accelerating-hypothesis-driven-discovery-302479354.htmlAlphabet is under pressure to show financial returns from its $75 billion AI-related investments while maintaining profitability. CEO Sundar Pichai announced plans to make AI more accessible, including a new subscription service for $249.99/month, and showcased smart glasses at the I/O conference. Alphabet has signed a deal with OpenAI, its biggest rival, to supply computing capacity via its cloud service, marking a surprising collaboration between competitors in the AI sector.
https://channelnewsasia.com/business/google-names-insider-kavukcuoglu-lead-ai-powered-product-development-5175861The company is making forward-looking statements about potential future acquisitions, pending transactions, and a financing deal that will impact its financial flexibility and growth prospects. The funding is expected to support the development of AI and digital fitness initiatives, with the goal of increasing shareholder exposure to next-generation assets.
https://dailyhodl.com/2025/06/11/interactive-strength-inc-nasdaq-trnr-enters-into-500-million-facility-to-acquire-ai-focused-fet-tokens-and-launch-crypto-treasury-asset-strategy/Indonesia has launched the Korea-ASEAN Digital Academy (KADA), a collaboration with South Korea, to provide comprehensive digital upskilling in programming, computing, and artificial intelligence. This initiative aims to enhance the region's digital capabilities and support Indonesia's economic growth.
https://opengovasia.com/2025/06/12/indonesias-strategy-to-bridge-the-digital-talent-divide/Meta Platforms Inc. has recruited top engineers from Google and other tech firms to develop artificial general intelligence (AGI), a more advanced form of AI. Jack Rae, a principal researcher at Google DeepMind, is expected to join Meta's "superintelligence" team, according to multiple sources familiar with the matter.
https://news.bloomberglaw.com/ip-law/meta-hires-top-researchers-from-google-sesame-for-new-ai-labPaul Tudor Jones, a prominent investor and hedge fund manager, has expressed concerns that the increasing use of artificial intelligence (AI) could exacerbate social divisions by displacing jobs, particularly in low-skilled sectors. He warned that this could lead to increased inequality and social unrest.
https://www.livemint.com/companies/news/paul-tudor-jones-fears-ai-job-losses-will-worsen-social-division-11749667802650.html