Latest AI News

Singapore court postponed a case involving three men accused of fraudulently transferring Nvidia AI chips to Chinese firm DeepSeek, with proceedings adjourned until August 2025. The defendants allegedly misrepresented end-users of servers containing restricted chips following US export bans to China. The case emerged after authorities received an anonymous tip, revealing a potential network of 22 individuals and companies involved in AI chip smuggling. Singapore serves as a significant hub for Nvidia sales, while US officials claim DeepSeek supports Chinese military interests. If convicted, the accused face up to 20 years imprisonment.

SoftBank CEO Masayoshi Son has announced his vision to make the company the world's leading artificial super intelligence platform provider within ten years. Son defines artificial super intelligence as technology that can exceed human capabilities by 10,000 times. To achieve this goal, SoftBank is making massive strategic investments, including the $6.5 billion acquisition of Ampere and up to $40 billion in OpenAI. Son is adopting a "winner takes all" strategy, similar to tech giants like Google and Microsoft, and returning to the aggressive investment approach that brought past successes like Alibaba. Through these initiatives, SoftBank aims to position itself as the defining force in the coming AI revolution.

Mark Zuckerberg is aggressively competing with Google and OpenAI in the AI space by creating a "Superintelligence" team at Meta. He's personally recruiting top talent, offering unprecedented compensation packages starting at $2 million annually and reaching up to $10 million for specialists. Meta plans to invest $15 billion for a 49% stake in Scale AI to advance its AI capabilities. This aggressive spending is intensifying competition across the tech industry, forcing rivals to match Meta's approach or risk falling behind in AI development.

CoreWeave has reopened acquisition talks with Bitcoin miner Core Scientific, a year after their initial $1B offer was rejected. Core Scientific's shares rose 8% on the news, pushing its market cap to nearly $4B. The companies already collaborate through infrastructure contracts, reflecting a broader trend of consolidation in the energy-intensive crypto mining sector.