Ted Cruz warns state AI legislation could ‘cripple’ US leadership.
Source: Youtube
Author: IBL News
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Ted Cruz warns state AI legislation could ‘cripple’ US leadership
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Will AI take Apple’s crown?
Apple may have brought us the iPhone and changed the world, but it’s having a hard time keeping up with rapid advances in AI.Source: Youtube
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Apple falls behind in AI race
Once an innovator in the tech field, Apple is now lagging on artificial intelligence.Source: Youtube
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Apple execs defend Siri delays, AI plan and Apple intelligence
Apple’s AI rollout has been rocky, from Siri delays to underwhelming Apple Intelligence features.Source: Youtube
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OpenAI Claims It Reached $10 Billion In Annual Revenue
Mikel Amigot, IBL News | New York
OpenAI claimed it reached $10 billion in annual recurring revenue (ARR), up from $5.5 billion the previous year, primarily driven by its ChatGPT business products and developer API, with three million paying business customers. The company aims to achieve $125 billion in revenue by 2029.An OpenAI spokesperson provided CNBC with these figures and stated that the company, which launched its flagship product ChatGPT two and a half years ago, is currently serving more than 500 million weekly active users.
However, the San Francisco-based research lab refused to disclose its operating expenses or whether it is close to profitability. Last year, it lost about $5 billion.
In March, OpenAI closed a $40 billion funding round, marking the largest private tech deal on record.
According to today’s metrics, OpenAI is valued at approximately $157 billion, which is 30 times its revenue.
This number highlights the growth expectations of some of its largest investors. OpenAI is backed by Japan’s SoftBank, Microsoft, Coatue, Altimeter, Thrive, and other notable venture capital firms.
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Peter Kyle and Tony Blair: How will AI transform government?
From personalising education to revolutionising government processes, AI will change everything.Source: Youtube
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Apple isn’t even at the AI party, Ross Gerber says
“Siri is clueless and doesn’t work,” Ross Gerber, president and CEO of Gerber Kawasaki Wealth and Investment Management, says while discussing Apple’s WWDC 2025.Source: Youtube
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Apple unveils software redesign, improvements to its AI software
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology.Source: Youtube
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Mark Zuckerberg is assembling a team of experts to achieve artificial general intelligence
Mark Zuckerberg, frustrated with Meta Platforms Inc.’s shortfalls in AI, is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who’ve met with him in recent weeks at his homes in Lake Tahoe and Palo Alto.Source: Youtube
