March 10, 2025

Read News
AI Surges in European Bank Earnings, Generative AI Growth, and Conversational AI Advancements

The world of artificial intelligence is rapidly evolving, with significant advancements in various sectors. In this news brief, we'll explore the latest developments in AI, from its growing importance in European bank earnings to its applications in IoT devices and conversational AI.

ESG Loses Buzzword Throne to AI in European Bank Earnings

Artificial intelligence has replaced sustainability as the latest buzzword for European banks. For the first time in six years, the region's bank executives used the term 'AI' more frequently than 'ESG' in discussing full-year results, according to a Bloomberg News analysis. While 'AI' references more than doubled, 'ESG' mentions tumbled by two-thirds compared with the previous year, the analysis of earnings call transcripts shows.

Global Expansion in Generative AI: A Year of Growth, Newcomers, and Attacks

Generative AI services have experienced significant growth in traffic over the past year, with a 251% increase in monthly traffic. This growth has also led to an increase in cyberattacks, with 39 billion requests identified as DDoS attacks targeting specific Generative AI websites. ChatGPT maintains the top spot in Generative AI popularity, hovering around the top 50 Internet domains overall.

Showcase Your Innovation at TechCrunch Sessions: AI

On June 5, 1,200 of the brightest minds in AI and VC leaders will converge in Zellerbach Hall at UC Berkeley for TechCrunch Sessions: AI — the must-attend AI event of the year. What does this mean for your startup? A prime opportunity to showcase your breakthrough to a crowd hungry for AI innovation.

ServiceNow to Buy AI Firm Moveworks for $2.9 Billion to Tap New Customers

ServiceNow said on Monday it would buy AI firm Moveworks for $2.85 billion in cash and stock, marking the software maker's largest-ever acquisition when enterprises are spending heavily on the technology to enhance their IT operations. The rapid rise of generative artificial intelligence has pushed companies such as ServiceNow and to augment their products, striking new deals to stay competitive in a fast-evolving software market.

AI Automations for Coaches: 5 Simple Workflows to Set Up Today

AI Automations For Coaches: 5 Simple Workflows To Set Up Today. This article provides a guide on how coaches can use AI to automate tasks and improve their workflow.

Agora Launches Conversational AI Toolkit for IoT Devices

Agora, Inc. (NASDAQ: API), a global leader in real-time engagement solutions, is expanding into AI-powered robotics and interactive toys with its new Conversational AI Toolkit for IoT Devices. This breakthrough solution—developed in partnership with chip-maker Beken—delivers an all-in-one toolkit that empowers developers and manufacturers to create intelligent, voice-driven interactions for next-generation conversational AI in smart devices.

Workhelix Raises $15 Million in Series A Funding to Maximize Value of AI Investments

Workhelix – a tech-enabled services company that helps organizations quantify and maximize the value of their AI investments – announced $15 million in Series A funding led by AIX Ventures, with participation from Andrew Ng’s AI Fund, Accenture Ventures, BGV, Bloomberg Beta, Future of Work Partners, Telesoft, Zetta Ventures, Paul Daugherty, Jeff Dean, Reid Hoffman, Yann LeCun, Mira Murati, Sebastian Thrun, and Jeff Wilke.

Google to Retain AI Investments Amid Antitrust Case Revision in US

Alphabet’s Google has been permitted to retain its investments in AI startups, including Anthropic, following a revision of the US Department of Justice’s (DOJ) antitrust proposal. The initial proposed final judgment (IPFJ) filed in November 2024, which could have forced Google to divest its AI interests, has been modified to avoid potential unintended consequences in the AI sector.

Data Sheet: Extreme Lengths

We haven’t seen a VC investment boom like this in years. The latest edition of Fortune's flagship tech newsletter highlights the surge in venture capital investments in AI and tech companies. Notable mentions include Foxconn's FoxBrain AI model, Chinese investors in xAI, Neuralink, SpaceX, Amazon, Apple, Cognizant, CoreWeave, Manus, Meta, ServiceNow, TikTok, and Japanese service robots.

Agora Launches Conversational AI Toolkit for IoT Devices

Agora, Inc. (NASDAQ: API), a global leader in real-time engagement solutions, is expanding into AI-powered robotics and interactive toys with its new ConvoAI Device Kit. This breakthrough solution—developed in partnership with chip-maker Beken—delivers an all-in-one toolkit that empowers developers and manufacturers to create intelligent, voice-driven interactions for next-generation conversational AI in smart devices.

Key Takeaways

  • AI has replaced sustainability as the latest buzzword for European banks.
  • Generative AI services have experienced significant growth in traffic over the past year, with a 251% increase in monthly traffic.
  • ServiceNow is acquiring AI firm Moveworks for $2.9 billion to tap new customers.
  • Agora has launched a Conversational AI Toolkit for IoT Devices, enabling developers and manufacturers to create intelligent, voice-driven interactions for next-generation conversational AI in smart devices.
  • Workhelix has raised $15 million in Series A funding to maximize the value of AI investments.
  • Google has been permitted to retain its investments in AI startups, including Anthropic, following a revision of the US Department of Justice’s (DOJ) antitrust proposal.
  • Venture capital investments in AI and tech companies are surging, with notable mentions including Foxconn's FoxBrain AI model, Chinese investors in xAI, Neuralink, SpaceX, Amazon, Apple, Cognizant, CoreWeave, Manus, Meta, ServiceNow, TikTok, and Japanese service robots.

Sources

Artificial Intelligence Generative AI Conversational AI IoT Devices European Bank Earnings AI Investments