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Let’s catch up on the latest in AI. Some big moves this week could reshape the race — from billion-dollar bets to family ties at the top of the industry. Let’s get into it 👇

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TODAY IN AI

  1. Altman says OpenAI will run at a loss
    OpenAI will keep pouring money into training new models even if it means operating at a loss, CEO Sam Altman told CNBC. He said staying private gives them flexibility and hinted at “tremendous upside” if the company eventually goes public.
    Source: CNBC

  2. Meta buys WaveForms AI for emotional voice tech
    Meta acquired WaveForms AI, a startup that detects and recreates emotion in audio. Founders Alexis Conneau and Coralie Lemaitre will join Meta Superintelligence Labs as the company pushes deeper into voice-driven experiences.
    Source: TechCrunch

  3. OpenAI launches GPT-5
    GPT-5 is now the default in ChatGPT with a new thinking mode, fewer hallucinations, stronger coding and health capabilities, and a Pro version for extended reasoning. It’s rolling out across Free, Plus, Pro, and Team tiers, with Enterprise and Edu coming next.
    Source: OpenAI

  4. Trump calls for Intel CEO to resign
    Donald Trump called for Intel CEO Lip-Bu Tan to step down, alleging conflicts of interest but offering no evidence. Tan took over as CEO in March.
    Source: AP News

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AI boom creates billionaires faster than ever

This year’s surge in AI fundraising has minted dozens of new billionaires, driving the fastest wave of wealth creation in recent history. Startups like Anthropic, OpenAI, Safe Superintelligence, and Anysphere are among the 498 AI unicorns now worth a combined $2.7T. While most fortunes remain on paper, secondary sales and acquisitions are starting to provide exits. San Francisco now has more billionaires than New York, with real estate prices climbing alongside AI-fueled wealth.

Meta’s $100B AI gamble raises doubts

Meta’s AI spending spree has already cut its cash reserves by 40% this year, with capex expected to hit $72B in 2025 and surpass $100B annually from 2027. Unlike Google and Microsoft, Meta has no AI cloud business to offset the costs — its focus is on “personal superintelligence” and improving ads. Analysts project revenue could nearly double to $362B by 2030, but that would require Meta to capture all global social ad growth and more. Any shortfall could drain cash and force borrowing, making this one of the riskiest bets in Big Tech.

Inside Nvidia’s quiet family hires

Nvidia CEO Jensen Huang’s children, Madison and Spencer, are steadily moving up inside the company. Madison, now a senior director in the Omniverse unit, is part of an inner circle of executives who travel with Huang to major events. Spencer, a product line manager in robotics simulation, works on another of Huang’s growth priorities beyond chips.

Both joined after unconventional careers — Madison trained as a chef and worked at LVMH, while Spencer ran a cocktail bar in Taipei. Madison is known for being hands-on and direct, while Spencer is more low-key. Their positions reflect Nvidia’s push into simulation and robotics as AI demand surges, and put them among the few second-generation leaders in Silicon Valley.

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