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📰 Top News

NVIDIA Acquires AI Workload Management Startup Run:ai for $700M - NVIDIA has finalized the acquisition of Run:ai, an AI workload management startup, enhancing its capabilities in managing and optimizing AI hardware infrastructure. This strategic acquisition, valued at $700 million, strengthens NVIDIA's offerings, particularly for generative AI deployments across multiple data centers.

Apple Releases Eight Small AI Language Models for On-Device Use - Apple has launched a series of small AI language models named OpenELM, designed to run directly on devices like smartphones. These models, which range from 270 million to 3 billion parameters, are part of Apple's effort to boost on-device processing, offering a glimpse into future AI capabilities without compromising user privacy.

TikTok Ban Advances, Perplexity AI Disrupts Search Market - As the TikTok ban progresses through legislative hurdles, Perplexity AI continues to reshape the search engine landscape with its innovative AI-driven solutions, challenging traditional search methodologies and introducing new dynamics into the digital search space.

Alphabet Eases AI Investment Worries with Strong Q1 Results - Alphabet has dispelled concerns over its position in the AI race, reporting a 15% revenue jump in the first quarter. With Google's cloud business profits quadrupling, Alphabet's strategic AI investments begin to yield substantial financial gains.

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🗞 Below the fold…

Saudi Arabia's Ambitious AI Ascent: Investing Billions to Become a Superpower - Saudi Arabia is aggressively investing billions of dollars to become a global AI superpower, as revealed at the Leap tech conference in Riyadh. With more than $10 billion in deals and significant investments from major tech firms, the kingdom aims to transform its oil-rich economy into a tech-centric one, aligning with its Vision 2030. This initiative places Saudi Arabia at the heart of the global AI development race, potentially shifting geopolitical dynamics in tech influence.

Synthesia's AI Avatars Now Exhibit Emotions - Synthesia has updated its AI video avatars to express emotions, enhancing the realism of digital interactions. This development opens new possibilities for user engagement across various digital platforms.

China Greenlights US IPO for Self-Driving Startup Pony.ai - In a pivotal move, China has approved a US IPO for the autonomous driving firm Pony.ai, signaling a potential thaw in Chinese tech listings abroad after years of regulatory freeze. Pony.ai, backed by giants like Toyota and Saudi Arabia’s Neom Co., is set to revolutionize the self-driving market, raising the stakes for global tech domin

Meta AI Spending Spooks Investors Despite Strong Revenue - Meta's aggressive investment in AI has led to a sharp decline in share prices, despite robust quarterly earnings. The company's substantial financial commitment to AI development is seen as a long-term strategy amid increasing competition.ance.

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