Latest AI News

OpenAI has hired Mike Liberatore, former CFO of Elon Musk's xAI, as its new Business Finance Officer. Reporting to CFO Sarah Friar, Liberatore brings extensive finance leadership experience from tech companies. This strategic hire comes as OpenAI experiences rapid growth and faces increasing competition in the AI sector. The appointment reflects the company's focus on strengthening its executive team while investing in infrastructure to maintain its leadership in generative AI development.

# Big Tech Races Ahead as Global AI Regulation Struggles to Keep Pace Major tech companies are rapidly advancing AI technology while global regulatory efforts lag behind. Following breakthroughs like ChatGPT, OpenAI, Google Gemini, and Microsoft Copilot, governments worldwide are attempting to create frameworks addressing algorithmic transparency, data privacy, accountability, and misinformation. The US favors innovation with minimal regulation, while the EU pursues stricter oversight through its AI Act. Tech companies warn against excessive regulation hampering innovation, while implementing self-regulation measures. The future requires collaboration between governments, industry, and civil society to balance innovation with ethical AI deployment.

Nothing raised $200 million in Series C funding led by Tiger Global, reaching a $1.3 billion valuation. Founded in 2020 by Carl Pei, the company has shipped over 7 million devices and achieved $1 billion in sales, with annual revenue now at $500 million. Nothing plans to focus on AI-native experiences across its product lineup, introducing features like "Essential Space." The company aims to expand internationally beyond its strongest markets of India, Germany, and the UK.

Elon Musk purchased $1 billion of Tesla stock (2.57 million shares), his first open-market buy since 2020 and the largest insider purchase in company history. The news drove Tesla shares up 6-7%, erasing 2025 losses. The purchase precedes a November shareholder vote on a proposed $975 billion compensation package for Musk and strengthens his stake as he approaches his 25% voting control goal. Analysts have become more optimistic about Tesla despite challenges including sales slowdowns and expiring EV tax credits.