In a dynamic day for AI technology, significant developments unfolded across various sectors. New Mountain Capital is venturing into healthcare AI by merging SmarterDx and Thoughtful AI, aiming to boost hospital revenue capabilities. At the Cannes Lions festival, industry giants like Amazon, Adobe, and YouTube showcased AI-driven marketing strategies, emphasizing AI's pivotal role in creativity.

Meta has made headlines by acquiring a 49% stake in Scale AI for $15 billion, reinforcing its commitment to artificial intelligence amid a global surge in AI mergers and acquisitions driven by increasing data infrastructure demands. Predictions suggest generative AI spending could soar to $644 billion, underscoring the sector's growth potential.

Concerns were raised in the Stanford AI Index 2025 about AI's rapid expansion potentially worsening societal inequalities. In a bid to challenge San Francisco's tech dominance, New York City is investing $16.5 million in a supercomputer initiative, positioning itself as a major AI hub. Additionally, Amazon has committed $13 billion to bolster its AI infrastructure in Australia, further demonstrating the industry's aggressive growth trajectory.

Ellipsis Health also garnered attention, securing a $45 million investment to advance its empathetic AI care platform. Collectively, these developments illustrate both the advancements and challenges inherent in the ongoing AI revolution, as reported by various sources.

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