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Robinhood CEO’s AI Math Startup Valued at Nearly $900 Million • Indeed, Glassdoor to Cut 1,300 Jobs in AI-Focused Consolidation • Everything tech giants will hate about the EU’s new AI rules • Musk’s Grok 4 launches one day after chatbot generated Hitler praise on X • Supermarket Billionaire Wants to Build AI Gigafactory in Europe • Nvidia reportedly plans to release new AI chip designed for China • Gemini can now turn your photos into video with Veo 3 • Google’s Gemini AI App Can Now Turn Photos Into Short Video Clips • Google adds image-to-video generation capability to Veo 3 • Grok is coming to Tesla vehicles ‘next week,’ says Elon Musk

Today's Summary

April 29, 2025

Daily Tech & AI Policy Summary

Key Statistics

Most Active Companies: Meta (9 mentions), Google (5 mentions)

Today's Topics: market impact, legal issues, intellectual property, competition, data privacy, algorithmic bias, demand surge, technology innovation

High level takeaways

Meta's aggressive push into AI continues with the launch of a standalone app and the LlamaCon developer conference, highlighting its commitment to competing with established players like OpenAI. Meanwhile, Google expands its AI capabilities in language learning and podcast creation, indicating a focus on broadening AI accessibility. The intersection of AI and privacy remains a concern, as seen in WhatsApp's new features, while ASM International experiences strong demand driven by AI-related technologies.

Industry News

  • Meta's AI Developments:

    • Meta launched a standalone AI app to compete with ChatGPT, leveraging its Llama AI models source.
    • The Llama AI models have reached 1.2 billion downloads, showcasing significant developer interest source.
    • An API for the Llama models was previewed at LlamaCon, allowing developers to build Llama-driven services source.
  • Google's Language and Podcast Tools:

    • Google's AI podcast maker, Audio Overviews, is now available in over 50 languages, broadening its reach source.
    • New AI tools for language learning were launched, potentially positioning Google to compete with platforms like Duolingo source.
  • ASM International's Growth:

    • ASM International reported strong first-quarter orders, driven by demand for chipmaking equipment in AI-linked segments and sales in China source.

Legal Insights

  • Privacy and AI Concerns:

    • WhatsApp's new AI features raise privacy concerns despite the use of a "Private Processing" system, as experts highlight potential security risks source.
  • Intellectual Property and Open Source:

    • Alibaba's release of the open-source Qwen3 model marks a significant move in the AI landscape, challenging existing models from OpenAI and others source.

Technology Innovation

  • xMEMS Labs:
    • xMEMS Labs announced the expansion of its micro cooling fan-on-a-chip technology to AI data centers, highlighting innovation in AI infrastructure source.
Based on 16 articles

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Robinhood Markets
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xAI

Harmonic AI, an artificial intelligence startup co-founded by Robinhood Markets Inc. Chief Executive Officer Vlad Tenev, has raised $100 million in funding to tackle a problem that has sometimes confounded AI models: math.

Companies mentioned:

Robinhood Markets

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market impactlegal issues
Bloomberg Technology

Indeed and Glassdoor — both owned by the Japanese group Recruit Holdings Co. — are cutting roughly 1,300 jobs as part of a broader move to combine operations and shift more focus toward artificial intelligence.

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Recruit Holdings

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market impactlegal issues
Bloomberg Technology

EU rules ask tech giants to publicly track how and when AI models go off the rails.

Companies mentioned:

GoogleMetaMicrosoftAmazon

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regulatory actionmarket impact
Ars Technica - All content

xAI claims new multi-agent model hits top benchmarks as Nazi controversy lingers.

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xAI

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Ars Technica - All content

The Schwarz Group, Germany’s largest retailer and owner of supermarket chain Lidl, is planning to pitch the government to be the lead developer of a major data center central to Europe’s artificial intelligence efforts.

Companies mentioned:

Schwarz Group

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market impactregulatory action
Bloomberg Technology

Nvidia plans to release a chip that is retrofitted from an existing Blackwell processor that was modified to meet chip export rules.

Companies mentioned:

NVIDIA

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regulatory actionmarket impact
TechCrunch

Google is making it easier to create videos with Gemini, but you only get a few shots per day.

Companies mentioned:

Google

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market impactintellectual property
Ars Technica - All content

The feature will be available for paid subscribers.

Companies mentioned:

Google

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market impactintellectual property
Bloomberg Technology

Google said on Thursday it's adding an image-to-video generation feature to its Veo 3 AI video generator through its Gemini app.

Companies mentioned:

Google

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market impactintellectual property
TechCrunch