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According to Foresight News, Pakistan is leveraging 2,000 MW of surplus electricity for Bitcoin mining and artificial intelligence development. This initiative aims to reduce energy waste and foster technological advancement in the country.

According to PANews, AMD hosted the 2025 Global AI Development Conference early today, unveiling its latest AI chips and cloud infrastructure hardware. OpenAI co-founder and CEO Sam Altman attended as a special guest, collaborating with AMD to introduce the Instinct MI400 and Instinct MI350 series of powerful AI chips. Throughout the development process, OpenAI provided technical feedback to AMD, aiding in GPU optimization. During the event, Sam Altman expressed astonishment upon learning that a single MI400 chip is equipped with 432GB of HBM4 memory, exclaiming disbelief at the specifications. Compared to previous models, the MI350 features 288GB of HBM3E memory and boasts a memory bandwidth of up to 8TB/s, enhancing AI computing capabilities by four times and inference performance by 35 times. AMD highlighted that due to lower power consumption compared to competitors, the MI355X offers 40% more tokens per dollar than NVIDIA chips.

According to PANews, U.S. Senator Cynthia Lummis has introduced the Responsible Innovation and Safe Professionals Act, as reported by NBC News. The proposed legislation aims to offer civil lawsuit immunity to AI developers who provide open model information in fields such as healthcare, law, and finance. However, professionals using AI with full knowledge will still bear responsibility for their actions. The bill seeks to clarify the boundaries of AI liability, promote transparency and innovation, while ensuring developers do not receive immunity for misuse or negligence.

According to PANews, Cathie Wood, the founder of Ark Invest, has described Tesla as the largest artificial intelligence project on Earth. Throughout this week, she has been actively purchasing Tesla (TSLA.O) shares.

According to PANews, Layer1 blockchain company peaq has partnered with Pulsar Group to introduce a dedicated sandbox in the United Arab Emirates. This initiative aims to explore the integration of robotics and artificial intelligence within a decentralized economy. The collaboration has led to the establishment of the 'Machine Economy Free Zone' in Dubai, which combines regulation, infrastructure, and investment to advance decentralized, machine economy-specific use cases.The program is designed to provide a controlled environment for developers, businesses, and government stakeholders to test and develop machine economy applications, including DePIN networks. Max Thake, co-founder of peaq, explained that the free zone will build a 'human-centric economic system' where autonomous robots and smart devices can generate value and earn rewards.Potential applications include community-driven air quality monitoring, hyper-localized weather forecasting, and virtual power plants composed of user devices. The project introduces an innovative 'Universal Basic Ownership' (UBO) mechanism, which aims to distribute a portion of the wealth created by robots to groups affected by automation-induced unemployment through tokenization.

According to Cointelegraph, Circle Internet Group's shares surged by 10.7% on Wednesday following its strategic partnership with Brazilian fintech company Matera. This collaboration aims to facilitate multicurrency bank payments, while Circle's flagship stablecoin, USDC, has been integrated into OpenAI CEO Sam Altman's World Chain.World, previously known as Worldcoin, announced that approximately 2 million of its users now hold bridged USDC, a cryptocurrency representing value transferred from another blockchain. This has been upgraded to native USDC, issued directly by Circle. Additionally, Circle's Cross-Chain Transfer Protocol, which enables swift USDC transfers across blockchains, is now available to World's 27 million users. These users have joined the network by scanning their eyes to verify their humanity. World reported that USDC is being utilized on its network for remittances and within Mini Apps, which offer tools for payments and e-commerce.In a parallel development, Matera revealed its partnership with Circle to enable Brazilian banks to support multicurrency accounts. Matera plans to leverage its real-time ledger, Digital Twin, to allow financial institutions to directly hold Circle's USDC alongside Brazilian reals and US dollars. This integration aims to simplify the infrastructure required for such operations. The solution will also connect to local payment systems, including the Central Bank of Brazil's Pix, facilitating the use of USDC in transactions and transfers. Matera CEO Carlos Netto emphasized the significance of interoperability between stablecoins and local currency accounts, describing it as a transformative development for banks and fintechs seeking global operations with near-instant settlement and low costs.Circle's shares, trading under the ticker CRCL, experienced a notable increase, closing up nearly 10.7% on Wednesday, although they dipped slightly by 0.2% in after-hours trading to just under $117. This rise follows Circle's public debut in the US on June 5, where its stock price has soared by nearly 280% since its initial trading price of $31.World, founded in 2019 by Tools for Humanity, launched its services to US users in April, debuting in six cities. Users who verify their identity through facial and eye scans with the company's Orb device receive the blockchain's cryptocurrency token, Worldcoin (WLD), as a reward. Despite regulatory challenges outside the US, including suspensions in Spain and Portugal due to privacy concerns, World has proceeded with its US launch under the crypto-friendly Trump administration.

According to PANews, OpenAI is set to collaborate with Google Cloud, a subsidiary of Alphabet, to address its increasing demand for computing power. This unexpected partnership between two prominent competitors in the AI sector was confirmed by three sources. The agreement, which had been under discussion for several months, was finalized in May. This move highlights the substantial computing requirements necessary for training and deploying AI models, reshaping the competitive landscape in the AI industry. It also marks OpenAI's latest effort to diversify its computing resources beyond its primary supporter, Microsoft, including its notable Stargate data center project. Sources indicate that this collaboration is a significant win for Google's cloud division, as it will provide additional computing power to support OpenAI's existing infrastructure for training and operating its AI models.

According to PANews, Meta CEO Mark Zuckerberg is actively recruiting a team of approximately 50 individuals to form a 'super-intelligent' group focused on achieving general artificial intelligence (AGI). This initiative aims to integrate AGI into Meta's social platforms, AI assistants, and Ray-Ban smart glasses. Zuckerberg has been meeting candidates at his California residence and has reorganized office space at the company's headquarters for the new team. Zuckerberg plans to invest billions in AI data services company Scale AI, marking Meta's largest external investment to date. The founder of Scale AI is expected to join the team. Due to dissatisfaction with the performance of Llama 4, Zuckerberg has increased his involvement in AI matters, personally reaching out to potential talent through a WhatsApp group named 'Recruiting Party.' Zuckerberg emphasizes that Meta's robust advertising business can provide the necessary cash flow to support the development of world-class AI infrastructure.

According to BlockBeats, OpenAI is currently investigating the rising error rates in its AI models, ChatGPT and SORA. The company aims to identify the causes behind these issues to improve the performance and reliability of its systems.

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.