Meta Platforms is building a cloud computing service to sell excess AI infrastructure, according to a Bloomberg report. The initiative could reduce reliance on advertising and pit the company against cloud giants like Amazon and Microsoft.
Cigna’s Evernorth unit is betting $100 million on AI to fix the slow, costly specialty pharmacy process. Pharmacy Forward aims to cut prescription wait times and improve service for complex patients.
Oxmiq, led by ex-Intel architect Raja Koduri, raised $35M to create a unified chip design that combines graphics, processing, and tensor engines. The startup aims to license the IP, reducing AI chip costs and competing with Broadcom and Marvell.
Record outflows hit South Korea and Taiwan as the AI rally concentrated gains in three chipmakers. Investors rebalanced, taking profits and hunting for value elsewhere in Asia.
Anthropic’s Fable 5 AI model is back online worldwide after the US lifted export controls imposed over a jailbreak incident. The company deployed improved safety measures and is pushing for an industry-wide framework to handle such threats.
Wayve is selling automakers on an AI driving system that learns like a human, avoiding costly mapping. With $2.8 billion in funding and deals with Stellantis and Nissan, the startup faces scrutiny over the ‘black box’ safety of its end-to-end approach.
Google has launched Gemini Spark on macOS, adding app integrations and real-time topic tracking. The beta is available now for US subscribers, signaling a new phase for autonomous AI agents on desktop.
The global AI wave powered Asia’s manufacturing sector in June, with China, Japan, and South Korea reporting expansion. Robust tech demand offset the Iran conflict’s drag, but elevated price pressures signal potential energy shock ahead.
The U.S. Department of Commerce has lifted export restrictions on Anthropic’s Claude Fable 5 and Mythos 5 AI models, ending a three-week freeze. Access restoration begins July 1, marking a landmark in AI regulation.
Hong Kong’s tech chief warns AI will exceed all previous industrial revolutions, impacting graduates and traditional sectors. The city is launching a HK$50M education programme and developing proprietary LLMs to prepare for the paradigm shift.