Ambiq Micro, a Texas-based chip design firm, has filed for a U.S. IPO, reporting a 16.1% sales growth in 2024 fueled by generative AI demand. Despite narrowing losses, the company faces customer concentration risks while positioning itself in the energy-efficient 'edge AI' market.
Elon Musk's xAI has been approved to use methane generators at a Memphis data center, drawing protests from environmental groups and local residents. Critics argue the move will worsen pollution in an already burdened community, while xAI claims its technology will minimize emissions. The NAACP has filed a lawsuit alleging violations of the Clean Air Act.
Perplexity has introduced its premium Max subscription at $200/month, offering unlimited access to AI tools, early feature releases, and cutting-edge models. Targeted at professionals and high-frequency users, this move signals the company's push into the premium AI productivity market while facing growing competition.
OpenAI has clarified that it has no partnership with Robinhood after the trading platform launched tokenized stocks of OpenAI and SpaceX in Europe. The company emphasized these tokens do not represent equity and warned investors to exercise caution. Despite regulatory restrictions for U.S. users, Robinhood's stock surged to record highs following the announcement.
Unitree Robotics has successfully closed its Series C financing round, led by major investors including China Mobile, Tencent, and Alibaba. The company's valuation now exceeds 10 billion RMB, signaling strong market confidence in its humanoid robotics technology. Industry observers speculate this move may precede a future IPO.
A new website called 'The OpenAI Files' has launched, compiling internal documents and criticisms about OpenAI's leadership and direction. The platform raises questions about whether the company is prioritizing investor interests over its original non-profit mission. Created by Tech Oversight and The Midas Project, it aims to spark public debate on AI transparency and safety.
Chinese automotive giant BYD and tech leader ByteDance have formed a strategic partnership to advance power battery technology using AI. The collaboration will establish an 'AI + High-Throughput Joint Laboratory' focused on improving lithium-ion battery performance, with both companies contributing resources in algorithms, computing power, and experimental data.
Major U.S. tech companies like Amazon, Google, Microsoft, and Meta are advocating for federal legislation to prevent states from creating their own AI regulations. The proposal, included in a House budget bill, aims to avoid fragmented state laws but faces criticism as a potential power grab by tech giants. Supporters argue it maintains U.S. competitiveness in global AI development.
British Telecom (BT) announces plans to cut up to 55,000 jobs by 2030, with CEO Allison Kirkby citing AI advancements as a key driver for further reductions. The company is restructuring operations while considering acquisitions like TalkTalk to strengthen its market position.
A leaked U.S. government plan reveals AI.gov, a platform launching July 4, 2025, to automate federal operations. The project includes AI chatbots, unified APIs, and monitoring tools but raises concerns about security, privacy, and potential job displacement.
