Chinese universities and research institutes bypass U.S. export restrictions to acquire advanced Nvidia AI chips, Microsoft launches a compact AI model Phi-3 Mini for smartphones, Perplexity AI reaches a $1B valuation with plans for a significant funding round, Adobe Photoshop introduces a tool for generating images from text prompts, and Softbank announces a $960M investment in computing infrastructure and generative AI development.

Apple acquired Paris-based AI startup Datakalab to enhance its device-based AI capabilities, while a Stanford report warns that AI-generated child sexual abuse material threatens to overwhelm U.S. reporting systems, and energy startup Exowatt, backed by notable investors, aims to power AI and data centers with cost-effective solar technology.

French AI startup Mistral AI aims to raise €500M to reach a €5B valuation, Alibaba and Lenovo collaborate on AI-powered devices, Super Micro Computer's shares drop after earnings pre-announcement decision, the IOC introduces the "Olympic AI Agenda" for sports, and Los Angeles County employs predictive AI to combat homelessness.

Meta introduces an AI chatbot across its platforms, Google merges DeepMind with its Research teams to accelerate AI development, Stability AI announces job cuts amid restructuring, and an AI-controlled jet successfully engages in a dogfight with a human-piloted F-16, marking significant advancements and organizational changes in the tech and AI industries.

The European Union has decided not to open a formal probe into Microsoft's $13B investment in OpenAI, Google is restructuring its finance division to prioritize AI investments, and Alphabet's X innovation lab will supply AI technology to the U.S. National Guard for disaster analysis, while California remains the top location for AI job postings despite a decrease in its overall share.

Microsoft invests $1.5B in Emirati AI firm G42 to expand into the Middle East, AMD unveils new AI chips for business computers, Meta's Oversight Board reviews cases on AI-generated nude images, Rivos secures over $250M for AI server chip development, and a survey shows significant impact of generative AI on creative industries.

OpenAI expands into Asia with a new Tokyo office and specialized GPT-4 model, Stanford's AI Index reveals AI surpasses humans in some areas but lags in advanced math and planning, former U.S. Treasury Secretary Steven Mnuchin considers partnering with an AI company to rebuild TikTok's algorithm amid acquisition efforts, Tesla announces a workforce reduction of over 10%, and Adobe introduces an AI assistant for reading PDFs in Acrobat.

China's Huawei launched an AI-enabled laptop with Intel chips despite being on a U.S. trade blacklist, Instagram tests AI in its search bar for enhanced user interaction, OpenAI's CEO Sam Altman pitches ChatGPT Enterprise to Fortune 500 companies, and Adobe's Firefly AI image generator is revealed to have been trained on images from rival AI models.

Apple is set to revolutionize its Mac line with new M4 processors enhanced for AI, Humane introduces a novel but imperfect AI-powered wearable device, Amazon deeply invests in generative AI envisioning it as a major technological shift, Meta employs on-device machine learning to protect minors on Instagram, TikTok experiments with AI "virtual influencers" for advertising, and a KPMG survey reveals a significant number of CEOs plan to increase their investments in generative AI.

Google is making its AI-powered photo editing tools available for free to all Google Photos users, Texas public schools will use an AI system for grading essays, TSMC reports a significant revenue increase driven by AI chip demand, Meta Platforms introduces an advanced AI chip for Facebook and Instagram, and Apple hints at a new "Safari browsing assistant" powered by AI in the upcoming iOS 18 update.