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OWITH.ai: Your Daily Dose of AI and Tech News - From Fortune 500 to Global Investment Landscape

Author
owith.ai
Published
Tue 03 Jun 2025
Episode Link
None

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The 2025 Fortune 500 list has been released, showcasing the top companies in the US with $19.9 trillion in revenues and employing 31 million people worldwide. The tech industry is experiencing significant growth, with companies like NVIDIA and Super Micro Computer doubling their revenue. Alphabet became the first company to surpass $100 billion in profits, while Berkshire Hathaway joined the trillion-dollar valuation club. China accused the U.S. of violating the trade truce, and a pro-Trump nationalist candidate won the presidential election in Poland. Market trends include declines in pre-market trading for big tech companies and Bitcoin trading at $105,500. Company strategies focus on product offerings, AI, and quantum computing to drive growth. The business landscape is dynamic, with companies navigating challenges and opportunities across various industries. In other news, AI is drastically changing education, creating an illusion of learning according to some experts. Samsung is reportedly close to investing in AI startup Perplexity to reduce reliance on Google and enhance their devices. Major music companies are in talks to license their content to AI startups Suno and Udio. Meta is using AI for risk assessments, TikTok videos containing misinformation, robots growing human tissues, North Korean IT workers, Twitch planning vertical livestreams, Dubai becoming an AI talent hub, and more are also discussed in the latest newsletter from the Fortune Tech team. The global investment landscape in artificial intelligence (AI) outside of the United States is also a topic of discussion, highlighting the dominance of U.S. companies in receiving AI-related venture investments. Challenges faced by smaller countries like the UAE in competing with superpowers like the U.S. and China in AI development due to resource constraints are mentioned as well as OpenAI's initiative, AI for Countries, aimed at helping governments build data centers and fund local startups for AI development. The global divide in AI investment is emphasized along with recent venture deals in the AI space and promotions at Bitkraft Ventures. From tariffs on steel and aluminum to United Airlines' CEO statement on the budget airline model, from Chinese EV executive's views on Tesla's self-driving technology in China to Wall Street's opinion on Trump's tariff policies, Elon Musk's comments on Dogecoin to market reactions to Beijing's criticism of Trump's trade agreement charges are all part of the current business landscape that companies are navigating through.

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