AI firm Anthropic is in advanced talks to raise $3B-$5B in new funding, potentially tripling its valuation to $170B. Led by Iconiq Capital, the round includes Amazon and top VC firms. The company, founded by ex-OpenAI staff, reports surging revenue amid fierce AI industry competition.
Spotify is leveraging generative AI to develop a more interactive voice assistant, aiming to transform how users engage with the platform. The company plans to use AI for personalized recommendations and internal efficiency improvements, despite recent financial challenges.
China has emerged as the global leader in AI development, with 1,509 large models contributed by Chinese companies out of 3,755 worldwide. The rapid growth in generative AI adoption and industrial applications underscores China's expanding influence in the sector.
Kuaishou's Cola AI has launched the Linghu Animation Canvas Creative Workbench and upgraded its Multi-Image Reference feature at the 2025 World AI Conference. The platform now boasts over 45 million global creators and has generated 200 million videos and 400 million images, signaling strong growth in AI-generated content.
Netflix has introduced generative AI for visual effects in its new series 'El Eternauta,' aiming to reduce costs and production time. The technology sped up effects creation tenfold, though industry debates about AI's impact on jobs and artistry persist.
Despite aggressive AI strategies from India's top IT firms—Wipro, TCS, HCLTech, and Infosys—their Q2 2025 financial reports reveal stagnant or declining revenues. While global competitor Accenture thrives with measurable AI-driven growth, Indian companies remain stuck in the 'PPT stage,' failing to convert AI investments into tangible financial returns.
Generative AI is transforming game development, with over 8,000 AI-powered games now on Steam—an 800% annual increase. While AI streamlines asset creation and coding, developers face ethical dilemmas and market saturation from 'prompt competition.' Steam's disclosure policies struggle to keep pace with this rapid technological shift.
China's generative AI sector has seen explosive growth, with 346 applications officially registered and an 80.9% user penetration rate for AI-powered Q&A services. The industry reached ¥700 billion in 2024, growing at 20% annually, while domestic models like DeepSeek gain global traction.
Li Auto has become the first Chinese automaker to receive dual national certifications for generative AI security in vehicles. The certifications, issued by the CCIA Automotive Cybersecurity Working Committee and an AI content identification platform, validate the safety and reliability of Li Auto's in-vehicle AI systems. This milestone underscores the company's leadership in automotive AI innovation and consumer safety.
Google's Veo3, a high-resolution AI video generation model, is now accessible through the Gemini API. While offering advanced text-to-video and synchronized audio features, its pricing—$0.75 per second—raises concerns for developers. The model targets professional use cases but may require significant investment for quality output.
Meta is developing proactive chatbots that initiate conversations with users on platforms like Facebook Messenger and WhatsApp. These AI bots, customizable via Meta's AI Studio, can remember preferences and follow up within 14 days. While promising deeper engagement, concerns remain about privacy and misuse.
Meta is internally testing a new feature called 'Omni' that enables AI chatbots to initiate conversations without user prompts. The feature aims to enhance engagement by recalling past interactions, with strict limits on message frequency. Meta anticipates significant revenue growth from its generative AI products by 2025.
