logo
AI Weekly: Tech giants get busy, bots pay off

AI Weekly: Tech giants get busy, bots pay off

Yahoo30-04-2025

STORY: From new bots making their debut, to what Alphabet said to cheer investors, this is AI Weekly.
Alibaba launched a new flagship AI model as competition mounts in China's AI market.
Qwen 3 features hybrid reasoning, which the firm says creates a more efficient platform for app and software developers.
Baidu also launched its latest model - Ernie 4.5 Turbo.
The search engine giant additionally claimed to have made big progress in developing its own chips to power AI models.
:: Meta
Facebook-parent Meta was also busy.
The company debuted a new personal assistant and a tool to help developers build on the firm's Llama model.
Boss Mark Zuckerberg spoke to Microsoft chief Satya Nadella at an event in California about how bots were taking over programming:
"The big one that we're focused on is building an AI and machine learning engineer to advance the Llama development itself. Right. Because I mean, our bet is sort of that in the next year probably, you know, I don't know, maybe half the development is going to be done by AI as opposed to people. And then that will just kind of increase from there."
DeepSeek is available again in South Korea, after being suspended since February over data privacy concerns.
:: April 24, 2025
The country's data protection agency said the bot transferred user data and other information without permission back when the service first launched.
DeepSeek didn't immediately respond to the comments, but has revised a privacy policy note attached to its app.
Chinese President Xi Jinping has called on the country to become self-sufficient in AI.
State media reports say he said China should deploy its 'whole national system' to push forward on the tech.
Washington has imposed sanctions in a bid to slow AI development in the country, but some experts say China has narrowed the gap over the last year even so.
And Alphabet cheered investors, saying its big bet on AI was starting to deliver tangible returns.
The Google parent firm said the tech was fueling growth in its core advertising business.
Alphabet said its AI Overviews - that's the summaries that appear above its traditional search results - now had 1.5 billion users per month.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EGBN Investor News: If You Have Suffered Losses in Eagle Bancorp, Inc. (NASDAQ: EGBN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
EGBN Investor News: If You Have Suffered Losses in Eagle Bancorp, Inc. (NASDAQ: EGBN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

Business Upturn

time24 minutes ago

  • Business Upturn

EGBN Investor News: If You Have Suffered Losses in Eagle Bancorp, Inc. (NASDAQ: EGBN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Eagle Bancorp, Inc. (NASDAQ: EGBN) resulting from allegations that Eagle Bancorp may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Eagle Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On April 23, 2025, after market hours, Eagle Bancorp filed with the SEC a current report on Form 8-K, which included an announcement of Eagle Bancorp's Q1 2025 results. Commenting on these results, an article posted on the next day stated that Eagle Bancorp's Q1 2025 announcement revealed a ' notable miss on both earnings per share (EPS) and revenue compared to forecasts.' On this news, Eagle Bancorp's stock price fell 11.3% on April 24, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]

What Investors Should Know As Meta Gets (Back) Into Crypto
What Investors Should Know As Meta Gets (Back) Into Crypto

Forbes

timean hour ago

  • Forbes

What Investors Should Know As Meta Gets (Back) Into Crypto

Meta (formerly Facebook) is getting back into crypto Markets and investment trends tend to move in cycles, and the cryptoasset sector is no exception to this rule of the marketplace. As TradFi institutions continue to deploy blockchain affiliated projects, including the launch of a stablecoin by SocGen running on the Ethereum blockchain, the adoption and acceleration of cryptoassets continues virtually unabated. Even as the sentiment toward crypto improves, prices of bitcoin and other cryptocurrencies increase, and the policy landscape pivots toward a pro-growth outlook there remain significant obstacles to mainstream utilization. For example, the tax treatment of crypto is an inhibitor to retail utilization of crypto as a method of payment, and the lack of insurance available for crypto and crypto-adjacent products can make it difficult for institutions to allocate substantial funds to cryptoassets. Against this landscape, exemplified both the increasing adoption and understanding of cryptoassets and applications with the continued limitations to institutional usage, one company stands apart for several reasons. Meta (formerly Facebook) recently has been questioned by Senators Warren and Blumenthal related to its support for the GENIUS Act, and specifically whether or not the firm would block a prohibition on Big Tech firms from owning stablecoin issuers. The specifics of the questioning by the senators will most assuredly change over time, but the letter that has been made publicly available detail that the senators desire specifics as to what the stablecoin plans for Meta are. Let's take a look at why this letter and these questions are important, not only for Meta, but for the cryptoasset marketplace at large. Meta, then operating as Facebook, already attempted to launch of a native stablecoin in 2019 via the Libra project which was subsequently rebranded as Diem. This previous effort occurred during an entirely different economic and policy landscape, and occurred as the organization was still contending with intense scrutiny following the 2016 U.S. Presidential election. Issues that were raised at the time dealt with the potential of a stablecoin issued by Facebook serving to weaken competition, compromise user privacy, and lead to continued fractionalization of which entity or organization sets policy for U.S. monetary and fiscal policy. While the cryptoasset landscape and policy outlook for crypto projects has definitively shifted to a more permissive stance the very same issues that were raised during 2019 loom large as Meta returns to the stablecoin marketplace. Specifically, the letter from the Senators cited the track record of privacy violations, scams, and fake news that continue to occur on the platform as risks that a native stablecoin could amplify. Even as stablecoins increasingly become more mainstream, and are approaching a market capitalization nearing $300 billion, Meta might find many of the same issues that stymied earlier efforts being dragged back to the surface. Since Meta is one of the few returning players to the stablecoin space this provides an opportunity for crypto native stablecoins such as Circle, which continues to ride high following its IPO in June. As Meta edges closer to launching its own stablecoin, the spotlight on Big Tech's role in digital money is about to get a lot brighter, especially as these same tech firms continue to invest billions in AI initiatives. For crypto-native firms like Circle, that's not a threat - it's an opportunity. Meta's sheer size and complicated history with data privacy all but guarantee it will draw intense regulatory scrutiny. And that scrutiny will set a new bar for how stablecoins are viewed and governed both in the U.S. and abroad. That's where Circle can shine. Unlike tech giants pivoting into payments, Circle was built in crypto — with regulatory engagement and transparency as core pillars. While Meta faces inevitable trust questions and regulatory hurdles, Circle can double down on its position as the safer, more compliant alternative. In the coming months, expect firms like Circle to lean into this advantage, especially as institutional partners and consumers alike grow more cautious about Big Tech controlling their money. Notably, the ongoing partnership between Circle and Coinbase – two of the largest crypto native firms that are publicly traded in the U.S. – can also serve to assuage concerns of policymakers. Regardless of this specific stablecoin project plays out the following reality is becoming increasingly clear, and some would say urgent, for the crypto marketplace. With tens of billions flowing into the sector, TradFi firms deploying blockchain based solutions and native stablecoins, and policymakers actively debating the GENIUS Act, the crypto audit and attestation narrative continues to seem stuck. While the AICPA continues to issue guidance and updates related to digital asset attestation, controls, and valuation, the authoritative standard setters remain behind the proverbial curve. As stablecoins become more important and integrated with payment, treasury, and lending systems the urgency for definitive and standardized auditing best practices will continue to elevate in importance.

Google's (GOOG) $32B Wiz Acquisition Faces DOJ Antitrust Hurdle
Google's (GOOG) $32B Wiz Acquisition Faces DOJ Antitrust Hurdle

Business Insider

time3 hours ago

  • Business Insider

Google's (GOOG) $32B Wiz Acquisition Faces DOJ Antitrust Hurdle

Alphabet's (GOOG) (GOOGL) $32 billion acquisition of cloud security startup Wiz is under antitrust review by the U.S. Department of Justice. The investigation is still in early stages, but it signals that regulators are taking a close look at how big tech companies are expanding into new markets. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Wiz provides tools to detect and block cybersecurity threats across cloud environments. The company collaborates with major platforms, including Amazon Web Services (AMZN), Microsoft Azure (MSFT), and Oracle (ORCL). Google says the deal will boost its cloud security offerings, an area where it's still trailing top competitors. Deal or No Deal? The DOJ's concern is whether this move could limit competition. Google already bought Mandiant for $5.4 billion in 2022. That deal went through, but the Wiz deal is much larger and comes at a time when the DOJ is more aggressive on tech mergers. The risk is that Google could start bundling key security features into its own cloud stack, potentially locking out competitors. Regulators are already pushing back on Alphabet's dominance in online search and advertising. In two recent court rulings, judges found that the company operated illegal monopolies in both areas. The company now faces the threat of forced divestitures, including parts of its ad tech business and the Chrome browser. This adds pressure to the Wiz deal. If blocked, Wiz stands to collect a $3.2 billion breakup fee, or 10% of the deal value. That size indicates the level of regulatory risk and how strongly Google wants to close. The outcome could shape the future of tech M&A. If regulators succeed in stopping one of the largest cybersecurity deals ever, it may raise the bar for any future acquisitions by Alphabet, Amazon, or Microsoft. Procedure Could Take Months Under the Biden administration, regulators took a hard stance on mergers and monopolies. The FTC, led by Lina Khan, became known for aggressively challenging big tech deals. That changed after President Trump returned to office and removed Khan earlier this year. Many expected a slowdown in antitrust enforcement. The DOJ's decision to probe the Wiz deal defies those expectations, signaling that cloud-related consolidation may still draw scrutiny. Investors should closely monitor the development of this case. A green light could boost confidence in Google Cloud's expansion strategy. A block could trigger more scrutiny on other big tech players trying to grow by acquisition, not just innovation. The deal is expected to face months of review. Whether it closes or not may hinge less on market logic and more on how Washington defines fair competition in the cloud era. Is GOOG a Strong Buy? an average GOOG stock price target of $200.46. This implies a 13.98% upside.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store