This week in AI has been quite eventful. OpenAI is reportedly close to finalizing an all-time record funding round of $40 billion, which would value the company at $300 billion, double its last valuation from October 2024.
In other news, states in the US are shifting their regulations to focus more on growth than risk mitigation. For instance, Virginia Governor Glenn Youngkin vetoed a bill that would have imposed stricter regulations on AI development, citing concerns that it would harm job creation and business investment.
Google has also made headlines with the introduction of Gemini 2.5, its most powerful generative AI model yet. This new model outperforms top-of-the-line models from other companies, including OpenAI, Anthropic, and DeepSeek.
Meanwhile, financial services firms are taking a cautious approach to adopting agentic AI, citing concerns about the technology's potential risks and benefits. Industry experts say that while AI can bring significant efficiencies and cost savings, it's essential to carefully consider its impact on jobs and the overall economy.
