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OpenAI recently released a prediction forecasting $125 billion in total revenue by 2029. AI agent and channel revenue will be key drivers. AI agent revenue is projected to reach nearly $29 billion, representing almost a quarter of total revenue, while channel revenue is expected to reach $25 billion. Image note: Image generated by AI, image licensing service Midjourney. Following the success of ChatGPT, OpenAI's...

Warren Buffett, the legendary investor who has helmed Berkshire Hathaway since 1965, is renowned for his incredible long-term returns. While he's known for avoiding market fads, over a third (34.4%) of his $265 billion portfolio is invested in four companies actively embracing Artificial Intelligence (AI). What's the story? The unexpected intersection of Buffett's investment philosophy and AI.

Nari Labs, a two-person startup, has released Dia, a 1.6 billion parameter text-to-speech (TTS) model designed to generate natural conversations directly from text prompts. Co-founder Toby Kim claims Dia surpasses proprietary offerings from competitors like ElevenLabs, as well as Google's NotebookLM AI podcast generation capabilities, and potentially even OpenAI's recently released gpt-4o-mini.

Elon Musk's AI company, xAI, has announced an ambitious new project to expand on its existing Colossus supercomputer. xAI reportedly plans to raise up to $25 billion in upcoming funding to support the development of its next-generation supercomputer, Colossus 2. Image caption: Image generated by AI, image licensing provider Midjourney. In a conference call with existing investors, Musk stated that the company will conduct a reasonable valuation.

According to the latest data from TrendForce, 11 major Chinese humanoid robot manufacturers have launched mass production plans for 2024. Six leading companies, including Unitree Robotics, UBTECH Robotics, Zhiyuan Robotics, Galaxy General Robotics, Cloudminds Robotics, and LEJU Robotics, plan to produce over 1,000 units in 2025. Image Note: Image generated by AI, image licensing service provider Midjourney. TrendForce predicts that the market value of humanoid robot bodies in China will exceed 4.5 billion yuan in 2025.

Amidst the rapid advancement of artificial intelligence, a significant strategic deployment concerning the future AI infrastructure is quietly unfolding. Sources reveal the UK is emerging as a prime contender to host a new overseas AI infrastructure project jointly developed by OpenAI and SoftBank, a development that has captured significant attention within the global tech community. This massive data center initiative, dubbed Stargate, boasts a staggering $500 billion investment, representing a colossal undertaking in the history of AI infrastructure. Although the project will initially be entirely based in the US,

Bloomberg first reported that OpenAI is in talks to acquire Windsurf (formerly Codeium), an AI-powered coding assistant, for approximately $30 billion. This potential acquisition would be OpenAI's largest to date, marking a significant step into the AI-driven developer tools market. Windsurf: A rising star in AI coding. Windsurf is a popular AI coding assistant among developers, capable of...

Opera, the Norwegian browser company, today announced that its AI assistant, Aria, is officially launching on the Android version of the Opera Mini browser. This move aims to make AI functionality easily accessible to users with low-end devices and limited data. Aria AI can help users quickly access the latest news, delve deeper into topics of interest, and even generate images. Opera stated that Aria's powerful capabilities stem from its integration with OpenAI and...

Venture capital firm SignalFire announced it has secured over $1 billion in funding to support next-generation early-stage technology startups, particularly those innovating in applied artificial intelligence (AI). This capital will be allocated across multiple programs including SignalFire's Seed, Early, XIR (High-Retention), and Opportunity programs. The firm stated that this funding will be used to back founders pursuing disruptive innovations with the potential to 'reshape entire categories'. Image note: Image generated by AI, image licensing provided by Midjourney.

XPeng Motors held an AI technology sharing session in Hong Kong yesterday, unveiling its newly developed 720-billion-parameter large-scale autonomous driving model – the "XPeng World" base model. This model features a multi-modal architecture, integrating visual understanding, chain reasoning, and action generation capabilities. It aims to be deployed to vehicle-end devices via cloud distillation technology and simultaneously empower ecological products such as AI robots and flying cars.

China recently announced a 60 billion RMB (approximately $82 billion USD) national fund dedicated to investing in early-stage artificial intelligence (AI) projects. This move demonstrates Beijing's commitment to fostering the AI industry and aims to further elevate China's position in the global technology competition through government-led investment. According to Zhang Jianhua, an official from the Ministry of Industry and Information Technology, speaking at a conference in Shenzhen, the "National AI Investment Fund" was established in January this year under the joint guidance of industrial and financial departments. The fund's...

In a recent annual letter to shareholders, Amazon CEO Andy Jassy highlighted the company's significant investment in artificial intelligence (AI). He noted that while the development and deployment costs of AI remain high, future AI usage costs are expected to decrease significantly as technology advances. Image Note: Image generated by AI, image licensing provider Midjourney. Jassy revealed that Amazon plans to invest up to $100 billion in capital expenditures in 2025.