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According to PANews, Amazon has announced a significant investment of $20 billion in Pennsylvania aimed at expanding its cloud computing infrastructure and advancing artificial intelligence innovation. This initiative is expected to generate 1,250 new jobs in the region. The investment underscores Amazon's commitment to enhancing technological capabilities and supporting economic growth through job creation.

According to Cointelegraph, the pursuit of artificial general intelligence (AGI) remains a complex challenge, as highlighted by Apple researchers who have identified significant reasoning difficulties in leading AI models. Despite recent advancements in large language models (LLMs) like OpenAI's ChatGPT and Anthropic's Claude, the fundamental capabilities and limitations of these models are not fully understood, as detailed in a June paper titled "The Illusion of Thinking." The researchers emphasize that current evaluations focus heavily on mathematical and coding benchmarks, prioritizing final answer accuracy without adequately assessing the reasoning abilities of AI models. Apple's research contrasts with the widespread belief that AGI is imminent. To explore the reasoning capabilities of AI, the researchers designed various puzzle games to test both "thinking" and "non-thinking" versions of models such as Claude Sonnet, OpenAI's o3-mini and o1, and DeepSeek-R1 and V3 chatbots. Their findings reveal that frontier large reasoning models (LRMs) experience a significant drop in accuracy when faced with complex tasks, failing to generalize reasoning effectively. This contradicts expectations for AGI, as these models struggle with exact computation, inconsistent reasoning, and an inability to apply explicit algorithms across different puzzles. The study also highlights that AI chatbots often exhibit overthinking, generating correct answers initially but then deviating into incorrect reasoning. The researchers conclude that LRMs mimic reasoning patterns without truly internalizing or generalizing them, falling short of AGI-level reasoning. These insights challenge prevailing assumptions about LRM capabilities and suggest that current approaches may be encountering fundamental barriers to achieving generalizable reasoning. AGI is considered the ultimate goal of AI development, representing a state where machines can think and reason on par with human intelligence. In January, OpenAI CEO Sam Altman expressed confidence in the company's progress toward building AGI, stating that they are closer than ever before. Similarly, Anthropic CEO Dario Amodei predicted that AGI could surpass human capabilities within the next few years, potentially by 2026 or 2027. Despite these optimistic projections, the findings from Apple researchers underscore the ongoing challenges in the race to develop AGI.

According to PANews, the biometric initiative World, co-founded by OpenAI CEO Sam Altman, is set to commence operations in London on June 12. The project aims to expand to other major UK cities, including Manchester, Birmingham, Cardiff, Belfast, and Glasgow in the coming months. The initiative seeks to use its Orb device to verify human identity and prevent fraudulent misuse of AI systems, such as deepfakes.

According to Odaily, Vitalik Buterin recently shared his experiences with artificial intelligence on the X platform. He noted that AI has been minimally helpful in areas where he is an expert. However, in fields where he is a novice, AI has proven to be quite beneficial. He cited recent examples such as developing native Android applications and understanding Linux's internal structures.

According to Odaily, decentralized artificial intelligence company RabitiAI has announced the completion of a $5 million funding round led by Nortiyus. The newly acquired funds are intended to support the development of tools and infrastructure that enable users to deploy and manage AI models on a cross-blockchain architecture. Currently, RabitiAI's solutions are primarily applied in the healthcare, finance, and logistics sectors. The company plans to release an enterprise-level commercial version of its decentralized AI tools in the third quarter of this year.

According to PANews, Morgan Stanley has projected that Elon Musk's artificial intelligence startup, xAI, is expected to achieve a total revenue of $1 billion by the end of this year. The financial institution anticipates that xAI's revenue could surpass $13 billion by 2029. Additionally, Morgan Stanley forecasts that xAI's EBITDA might grow to $2.7 billion by 2027 and could reach $13.1 billion by 2029.The company is reportedly planning to invest $18 billion in expanding its data centers. Furthermore, xAI is seeking a new round of funding with a valuation of $113 billion.

According to PANews, OpenAI has announced a collaboration with the Indian government’s IndiaAI Mission to establish OpenAI Academy India, marking its first international expansion of the educational platform. The academy aims to provide AI skills training to students, civil servants, and entrepreneurs through a combination of online and offline methods. Additionally, it will offer up to $100,000 in API support, host hackathons, and conduct expert seminars to foster AI talent development and local innovation in India.

According to PANews, OpenAI has responded to a lawsuit filed by the New York Times, which demands the indefinite retention of all ChatGPT user chat records and API client content. OpenAI CEO Sam Altman criticized the lawsuit, stating that it significantly deviates from the company's commitment to user privacy. Altman emphasized that OpenAI has filed an appeal and will firmly oppose any demands that compromise user privacy.The affected users include non-enterprise ChatGPT users and API users who have not signed a 'zero data retention' agreement. OpenAI has assured that the data will be encrypted and accessible only to the legal team.

According to Cointelegraph, Meta has entered into a significant agreement to ensure the continued operation of an Illinois nuclear power plant for the next two decades. This strategic move is aimed at powering the company's artificial intelligence and data center initiatives. The deal involves Meta purchasing 1.1 gigawatts of power from Constellation's Clinton Clean Energy Center in southern Illinois, starting in 2027. Meta emphasized the importance of nuclear power in providing reliable electricity to support its future energy needs, particularly as it advances its AI capabilities.Meta, like other major technology companies, is heavily investing in artificial intelligence amid growing interest in the technology. The company has integrated its AI models into its primary social media platforms, Facebook and Instagram, and plans to fully automate ad creation on these platforms by the end of 2025. The International Energy Agency highlighted in April that the energy demands of AI data centers are expected to more than double by 2030, surpassing the current electricity consumption of Japan. Meta's agreement with Constellation ensures that a critical power plant remains operational, meeting increasing energy demands while adding 30 megawatts of additional capacity to the grid.The partnership with Constellation is also set to preserve over 1,100 jobs and contribute $13.5 million annually in tax revenue, without relying on the state's Zero Emission Credit program. This means the plant will continue operations without additional financial support from ratepayers. Several Illinois lawmakers, including Republican Regan Deering, have expressed approval of the deal, viewing it as a forward-thinking investment that will bolster the local economy.The Clinton nuclear facility, which was nearly closed in 2017 due to financial losses, was saved by the Illinois Future Energy Jobs Act. This legislation established the Zero Emission Credit program to support the plant until mid-2027. The new agreement with Meta allows the Clinton plant to operate independently of taxpayer support. A March analysis by the Brattle Group indicated that closing the Clinton facility would increase emissions by over 34 million metric tons of carbon over 20 years, equivalent to adding approximately 7.4 million gasoline-powered cars to the road for a year. Additionally, Illinois' GDP would potentially decrease by $765 million annually if the plant were to shut down.Meta is also progressing with requests for proposals to identify other nuclear energy operators to help achieve its AI innovation and sustainability objectives. The company is in final discussions with a shortlist of potential projects to meet its 1-4 gigawatt target, following the announcement of this initiative last December.

According to Foresight News, OpenAI has announced the official release of its AI programming tool, Codex, to ChatGPT Plus users. This development marks a significant step in enhancing the capabilities of ChatGPT, providing users with advanced programming assistance through Codex. The integration aims to streamline coding tasks and improve user experience by leveraging AI-driven solutions.

According to PANews, OpenAI has announced the availability of the memory feature for ChatGPT to free users, a function previously exclusive to paid subscribers. Additionally, the programming assistant Codex is now accessible to ChatGPT Plus users.

According to PANews, OpenAI CEO Sam Altman announced plans for significant releases this summer. Altman expressed enthusiasm for the upcoming developments, stating, "hot AI summer lfg" and added that there are "lots of great releases coming!"

According to Foresight News, Elon Musk is issuing $5 billion in bonds for his artificial intelligence startup, xAI Corp. Sources indicate that Morgan Stanley is selling xAI's debt at double-digit interest rates. This funding is expected to support Musk's continued investment in AI infrastructure, particularly as he plans to build a large data center in Memphis.Insiders reveal that initial pricing discussions suggest that the floating-rate term loan will have an interest rate 7 percentage points above the benchmark rate, while the yield on senior bonds is approximately 12%. The bond sale has reportedly generated over $3.5 billion in demand.Additionally, according to the Financial Times, Musk has raised $650 million for his neurotechnology company, Neuralink Corp., and sold $300 million worth of xAI stock through a secondary offering.

According to BlockBeats, Federal Reserve Governor Christopher Waller stated that the Federal Reserve is actively exploring artificial intelligence technology in a safe manner.

According to PANews, the globally renowned open-source model platform DeepSeek has quietly released the latest version of its R1 model, version 0528, early this morning. The company has not provided any official explanation or details about this release. However, it is anticipated that a model card detailing its features will be available soon.Eager users have already begun testing the new R1 version on the well-known code testing platform Live CodeBench. Initial results indicate that its performance is comparable to the high version of OpenAI's latest o3 model. Additionally, tests on the style of the new R1 version reveal similarities to OpenAI's o3 model.

According to BlockBeats, Telegram founder Pavel Durov announced on social media that Telegram has entered into a one-year partnership with xAI. This collaboration will involve distributing Grok to Telegram's over one billion users and integrating it into the Telegram app. As part of the agreement, Telegram will receive $300 million in cash and equity from xAI, along with 50% of the subscription revenue generated through Telegram sales of xAI services.

According to PANews, Grayscale has established an 'AI Crypto Sector' as the sixth major cryptocurrency classification standard, comprising 20 tokens with a total market value of $21 billion, marking a 366% increase from the first quarter of 2023. This sector is divided into three subcategories: AI platforms, AI tools and resources, and AI applications and agents. AI platforms include leading market players like Bittensor and Near, which provide decentralized AI development infrastructure. AI tools and resources feature projects such as Grass, focused on data collection, and Akash, which operates a computing power marketplace. AI applications and agents encompass initiatives like Virtuals, offering autonomous AI agents, and Worldcoin, which specializes in human identity verification. The report highlights that the AI crypto sector currently represents only 0.67% of the total cryptocurrency market value, yet it holds significant potential. Bittensor is set to undergo its first token halving this year, and since its subnet ecosystem upgrade in February, its staking volume has surpassed 7% of the circulating supply. Projects like Grass have achieved annualized revenues in the tens of millions of dollars, indicating progress in commercialization. Grayscale is actively investing in this field through products like the Bittensor Trust, believing that blockchain technology can address governance risks associated with centralized AI development. As stablecoin legislation advances, the payment infrastructure for crypto-native AI agents is expected to improve rapidly.

According to PANews, Meta Platforms is reorganizing its artificial intelligence team to expedite the release of new products and features. In an internal memo released on Tuesday, Chief Product Officer Chris Cox outlined a new structure that divides the team into two groups. The first group, the AI Product Team, will be led by Connor Hayes and will focus on developing Meta AI assistants, AI Studio tools, and AI features within Facebook, Instagram, and WhatsApp. The second group, the General AI Foundation Team, will be co-led by Ahmad Al-Dahle and Amir Frenkel. This team will concentrate on the development of Llama models, enhancing reasoning capabilities, and advancing multimedia and voice technologies. Meta's existing AI research department, FAIR (Fundamental AI Research), will remain independent. However, a specific team focused on multimedia technology will be integrated into the newly established General AI Foundation Team.

According to PANews, Nvidia and the Wallenberg family-backed business cluster are launching a venture to develop artificial intelligence infrastructure in Nordic countries. A statement released on Saturday reveals that companies such as AstraZeneca, Ericsson, Saab, Swedish Nordic SEB, and the Wallenberg family's investment institution will collaborate to create what is claimed to be the largest corporate AI supercomputer in Sweden. Nvidia plans to establish its first AI technology center in Sweden, partnering with industry leaders to advance research efforts. As part of this initiative, Saab announced its intention to deploy AI methods to enhance its defense capabilities.

According to BlockBeats, Oracle is set to invest $40 billion in acquiring Nvidia chips to support OpenAI's new data center in the United States. This strategic move aims to enhance the capabilities and performance of OpenAI's infrastructure, leveraging Nvidia's advanced technology. The acquisition underscores Oracle's commitment to expanding its technological resources and supporting innovative AI developments.