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AstraZeneca signs $5B+ AI drug deal to rebuild China operations
AstraZeneca has signed a research agreement worth more than $5 billion with Chinese drugmaker CSPC Pharmaceutical Group, marking the Anglo-Swedish company's latest effort to rebuild its business in China following recent challenges including the arrest of its China president and potential import fines. The collaboration will focus on AI-driven drug discovery for chronic diseases, positioning AstraZeneca to strengthen its foothold in its second-largest market while leveraging China's growing pharmaceutical research capabilities. What you should know: The partnership establishes a comprehensive framework for discovering and developing pre-clinical candidates targeting chronic diseases. AstraZeneca will pay CSPC an upfront fee of $110 million...
read Jun 13, 2025Google and Snap push XR mainstream with Android XR and $3B Spectacles bet
Augmented World Expo 2025 concluded in Long Beach, California, with Google's Android XR and Snap's consumer Spectacles announcement driving momentum for mainstream XR adoption. The three-day event, drawing over 5,000 attendees and 250 exhibitors, showcased how AI integration and mature hardware are finally positioning extended reality technologies—which blend digital content with the physical world—for widespread deployment across enterprise and consumer markets. What you should know: Industry leaders declared 2025 the year XR moves from experimental to mainstream, with AI serving as the critical catalyst. AWE co-founder Ori Inbar's keynote emphasized that "the hardware is good enough, the tools are mature,...
read Jun 13, 2025AI will handle 95% of marketing tasks but human creative augmentation is here to stay
OpenAI CEO Sam Altman recently predicted that artificial intelligence will handle 95% of marketing tasks, prompting industry leaders to grapple with how human creativity can survive AI's rapid integration into advertising. This shift represents advertising's most dramatic transformation, with agencies and brands now racing to harness AI's capabilities while preserving the emotional intelligence and cultural nuance that make campaigns memorable. What industry leaders are saying: Executives emphasize that combining AI with human creativity, rather than resisting it, is essential for survival in the evolving landscape. "To resist AI to save your job is the surest way of losing it," said...
read Jun 13, 2025Kalshi’s NBA Finals ad costs just $2K using Google’s AI video tool
The betting platform Kalshi aired a fully AI-generated advertisement during the NBA Finals that cost just $2,000 to produce using Google's text-to-video generator Veo 3. The 15-second spot showcases the growing accessibility of AI video creation tools and signals a potential shift toward AI-generated content in mainstream advertising. What you should know: The ad was created by AI filmmaker PJ Accetturo in just 2-3 days, representing what he claims is a "95% cost reduction vs traditional ads." The advertisement features surreal scenes including an elderly man in a cowboy hat carrying a chihuahua, someone swimming in a pool of eggs,...
read Jun 13, 2025Trump headlines July 15th AI-energy summit with tech CEOs in natural gas-rich Pennsylvania
President Trump will headline Sen. Dave McCormick's inaugural Pennsylvania Energy and Innovation Summit on July 15 in Pittsburgh, bringing together leaders from AI and energy industries to discuss their intertwined future. The summit at Carnegie Mellon University represents McCormick's strategic push to position Pennsylvania—the world's fourth-largest natural gas producer—as a key battleground for pairing AI development with energy resources in a critical swing state. The big picture: The summit features an unprecedented gathering of power players from the White House, Big Tech, Big Energy, and building trades. • Trump's AI czar David Sacks, Interior Secretary Doug Burgum, Energy Secretary Chris...
read Jun 13, 2025Singapore’s Temasek joins $100B AI infrastructure partnership
Singapore's Temasek has joined the AI Infrastructure Partnership, a major consortium backed by Microsoft, BlackRock, and MGX that aims to invest over $30 billion in AI infrastructure development. The partnership represents one of the world's largest coordinated efforts to build the data centers and energy facilities needed to power AI applications like ChatGPT, with plans to mobilize up to $100 billion including debt financing. What you should know: The AI Infrastructure Partnership has been steadily expanding its roster of major institutional investors since its September launch. Temasek joins after Kuwait Investment Authority became the first non-founder financial anchor investor earlier...
read Jun 13, 2025AI chatbots are becoming unregulated sex educators for kids
Children are being exposed to pornography at an average age of 12—with 15% seeing explicit content before age 10—while AI chatbots simultaneously emerge as unregulated sex educators capable of engaging minors in sexual conversations. This digital exposure is fundamentally reshaping how young people understand intimacy and consent, creating a generation that paradoxically has less sex overall but engages in significantly more aggressive sexual behaviors when they do. What you should know: The majority of children's first encounters with explicit content happen accidentally, but the psychological impact is profound and lasting. More than half of kids reported seeing adult content accidentally...
read Jun 13, 2025Investors pour $250M into Musk’s xAI at $113B valuation
Two dozen venture capital firms and other investors are investing approximately $250 million in xAI, Elon Musk's artificial intelligence and social media company, through a tender offer that values the company at $113 billion. The deal allows current and former xAI employees to sell portions of their shares to prominent investors including TPG, ARK Invest, Sequoia Capital, and Fidelity, which is purchasing $20 million worth of shares. What you should know: This tender offer represents a significant liquidity event for xAI employees and provides insight into the company's current market valuation. The $113 billion valuation reflects substantial investor confidence in...
read Jun 13, 2025San Francisco police test AI software that writes reports from body camera footage
The San Francisco Police Department is testing artificial intelligence software called Draft One that generates first drafts of police reports from body-worn camera recordings. The pilot program, which began last month, involves 54 officers at two stations using the AI tool for citations and misdemeanor cases, excluding domestic violence, sexual assault, and DUI incidents. What you should know: The AI software extracts information from body camera footage to create initial report drafts, though officers must still review, edit, and sign off on accuracy before submission. As of Tuesday, "no current report narrative drafted by Draft One involves an arrest," according...
read Jun 13, 2025No Suno for you! Sound editors ban AI from Golden Reel Awards over ethical concerns
The Motion Picture Sound Editors (MPSE) has banned generative AI-created sound work from eligibility for its Golden Reel Awards, citing unresolved legal and ethical standards around AI use. The decision positions the prestigious sound editing awards as a key battleground in the entertainment industry's ongoing struggle to define boundaries for artificial intelligence in creative work. What you should know: The MPSE board made the decision based on concerns about the current lack of established standards for AI use in creative fields. "Standards for the legal and ethical use of Generative AI have yet to be established and are far from...
read Jun 13, 2025US limits Huawei AI chip production to 200K units despite $25B investment
U.S. Commerce officials revealed that China's Huawei Technologies can produce no more than 200,000 advanced AI chips in 2025, despite the company's higher demand and ambitious expansion plans. This production cap reflects the ongoing impact of U.S. export controls, even as officials warn that China is rapidly closing the technological gap with American AI chip capabilities. The big picture: U.S. export restrictions since 2019 have successfully limited Huawei's AI chip production capacity, but China's massive investments in semiconductor technology are accelerating its ability to compete with American companies like Nvidia. What you should know: Huawei's Ascend 910C chips represent China's...
read Jun 12, 2025AI startup Moments Lab bypasses data wranglers and interns, raises $24M to automate film editing
Moments Lab, a French AI video startup, has raised $24 million in Series B funding to develop AI tools that automate film editing and production workflows. The company's technology threatens to eliminate entry-level creative jobs while prioritizing revenue generation over artistic integrity, reflecting broader concerns about AI's impact on the entertainment industry. What you should know: Moments Lab's core product, MXT-2, functions as an AI film librarian that automatically categorizes footage by subject, actor, and location—tasks traditionally performed by data wranglers and assistant editors. The company has raised over $37 million total, with the latest funding aimed at developing an...
read Jun 12, 2025Messi’s iconic goal becomes AI-powered artwork for Christie’s auction
Digital artist Refik Anadol has transformed Lionel Messi's favorite goal into an AI-powered immersive artwork called "A Goal in Life," which will be auctioned at Christie's New York from July 8-22. The piece reimagines Messi's 2009 Champions League final header against Manchester United using millions of data points, with proceeds benefiting Latin American and Caribbean education programs through the Inter Miami CF Foundation. What you should know: Anadol created what he calls a "memory temple" that allows viewers to relive Messi's iconic moment through advanced AI visualization technology. The eight-minute AI Data Sculpture uses 17 body movement points extracted from...
read Jun 12, 2025Not allowed to regulate deepfakes? Pennsylvania penalizes fraudulent likeness amid proposed AI law moratorium
Pennsylvania's Senate unanimously passed legislation making it a crime to distribute deepfake AI images while misrepresenting them as authentic, expanding the state's forgery laws to include digitally-generated likenesses. However, the bill faces potential nullification from a federal budget provision that would ban states from enforcing AI regulations for the next decade, threatening Pennsylvania's entire slate of AI-related legislation. What you should know: The new bill would criminalize passing off deepfake images "with intent to defraud or injure anyone," building on last year's law that addressed AI-generated child pornography and non-consensual explicit material. In plain English: Deepfakes are AI-generated images that...
read Jun 12, 2025Apple executives struggle to explain why Siri can’t compete with ChatGPT
Apple executives Craig Federighi and Greg Joswiak struggled to explain the company's continued delays in delivering a significantly improved Siri during a Wall Street Journal interview following WWDC 2025. The tech giant's AI assistant remains far behind competitors like ChatGPT, despite promises of major upgrades that were later retracted due to reliability concerns. The big picture: Apple's cautious approach to AI development has left it trailing significantly behind competitors who have already deployed conversational AI tools, raising questions about whether the company's perfectionist standards are hindering innovation in a rapidly evolving market. What went wrong: Apple's attempt at a conversational...
read Jun 12, 2025US electricity demand jumps 4% as AI data centers strain power grid
The U.S. electricity grid is experiencing unprecedented strain as artificial intelligence transforms from experimental technology into a core business necessity. The Energy Information Administration (EIA), the federal agency that tracks America's energy consumption, has dramatically revised its power demand forecasts upward, citing AI-powered data centers as the primary culprit behind this surge. The numbers paint a striking picture of rapid change. Total U.S. electricity consumption is expected to jump from 4,097 billion kilowatt-hours in 2024 to 4,193 billion kilowatt-hours this year, then climb further to 4,283 billion kilowatt-hours in 2026. This represents a significant acceleration from previous projections, with commercial...
read Jun 12, 2025Google’s AI model bears down on traditional weather forecasting in storm track success
Google has launched a new AI model for forecasting tropical storms and created Weather Lab, a website to share its AI weather research, while partnering with the US National Hurricane Center to test the technology. The initiative comes as the Trump administration has cut National Weather Service staff and capacity, raising questions about the future of public weather forecasting versus privatized services. What you should know: Google's experimental AI model can generate 50 different scenarios for a storm's possible track, size, and intensity up to 15 days in advance. The model's five-day predictions for cyclone tracks in the North Atlantic...
read Jun 12, 2025San Francisco Barbie: Mattel partners with OpenAI to create AI-powered toys amid declining sales
Barbie-maker Mattel has partnered with OpenAI to develop AI-powered toys and games, with plans to launch its first AI-enhanced product later this year. The collaboration comes as toy manufacturers face declining demand amid economic uncertainty, prompting companies to explore new technologies and revenue streams to revitalize their core business. What you should know: Mattel will integrate OpenAI's technology into both its products and internal operations to drive innovation across the company. The partnership focuses on creating "age-appropriate play experiences with an emphasis on innovation, privacy, and safety," according to Mattel's announcement. Beyond consumer products, Mattel will incorporate OpenAI's ChatGPT Enterprise...
read Jun 12, 2025AI deepfakes now fool 90% of viewers as society nears consensus reality crisis
An artificial intelligence deepfake expert warns that current AI video generation tools like Google's Veo 3 are already indistinguishable from real content for 90% of viewers, potentially creating a future where society loses its shared sense of reality. The warning comes as the satirical film "Mountainhead" depicts tech billionaires whose AI video software triggers global chaos through hyperrealistic deepfakes, raising urgent questions about how close we are to such a scenario. What you should know: AI video generation has reached a critical threshold where distinguishing real from fake content is becoming nearly impossible for most people. "For 90% of viewers,...
read Jun 12, 2025Wikipedia pauses AI summaries after editors call them threat to credibility
Wikipedia has paused its AI-generated summary trial after just two days following harsh criticism from the platform's volunteer editors. The Wikimedia Foundation, the non-profit that runs Wikipedia, launched the feature on June 2 for 10% of mobile users, but editor backlash over accuracy and credibility concerns forced an immediate halt to what was planned as a two-week experiment. What you should know: The AI summaries appeared at the top of Wikipedia articles with yellow "unverified" labels, generated by Cohere Labs' open-weight Aya model. Users had to tap to expand and read the summaries, which were only visible to those with...
read Jun 12, 2025Siri-ously delayed: Apple pushes Siri AI improvements to 2026
Apple executives have confirmed that Siri's long-awaited AI upgrades will not arrive until 2026, providing the most specific timeline yet for features that were originally planned for iOS 18. The confirmation comes from Greg "Joz" Joswiak, Apple's senior vice president of worldwide marketing, during a recent interview with Tom's Guide, marking a significant delay that pushes the enhanced Siri capabilities well beyond this year and likely into spring 2026 with iOS 26.4. What you should know: Apple has been deliberately vague about Siri's AI upgrade timeline until now, using phrases like "in the coming year" without committing to specific dates....
read Jun 12, 2025Snap’s next-gen Spectacles promise lighter design and AI features for 2026
Snap has unveiled its next-generation Spectacles AR glasses, which will be significantly lighter than previous models and feature advanced AI assistance powered by OpenAI and Google Gemini integrations. The announcement at the Augmented World Expo 2025 positions Snap to compete directly with Meta's Ray-Ban smart glasses, addressing the major complaint about the weight of earlier Spectacles while adding multimodal AI capabilities for everyday use. What you should know: The new Specs represent a major hardware and software upgrade designed to make AR glasses more practical for daily wear. The glasses will be powered by Snapdragon processors and run on an...
read Jun 12, 2025AI coding tools boost productivity 50% but struggle with complex software
Advanced AI coding models from companies like OpenAI, Anthropic, and Google are fundamentally transforming software development, with some experts predicting AI could write 90% of all code within months. This shift toward "vibe coding"—where developers use natural language prompts to generate entire applications—is creating both unprecedented opportunities and deep concerns about the future of engineering careers. The big picture: What started as simple code autocompletion in ChatGPT has evolved into AI systems capable of building complete apps, websites, and even multiplayer games through conversational prompts. Steve Yegge, a veteran engineer at Sourcegraph (a code search company), now codes on four...
read Jun 12, 2025Agentic AI or AI agent? CIOs warned against agent marketing hype as vendors oversell capabilities
AI practitioners are beginning to distinguish between AI agents and agentic AI as two related but separate technologies, with experts warning CIOs against vendor confusion and marketing hype. Understanding this distinction is crucial for IT leaders to make informed purchasing decisions and avoid overpaying for "glorified chatbots" masquerading as advanced AI systems. What you should know: AI agents and agentic AI serve different purposes and have distinct capabilities that CIOs need to understand. AI agents are tools designed for specific functions within IT systems, with predictable outcomes and limited learning ability. Agentic AI is an umbrella technology that uses agents...
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