Several developments highlight AI's growing influence across industries. Meta is making a significant $14.3 billion investment in Scale AI for a 49% stake to bolster its AI capabilities, a move that also introduces potential risks. Meanwhile, Armenia is planning a $500 million AI supercomputing hub in collaboration with NVIDIA and Firebird, set to open in 2026 with substantial computing power. In the financial sector, the IVES ETF, focusing on AI-related stocks, quickly reached $100 million in assets within five trading days, signaling strong investor interest. NTT DATA and Cisco are expanding their partnership with new AI-powered Software Defined Infrastructure (SDI) services to modernize IT infrastructure. SoundHound AI is experiencing revenue growth due to investments in voice AI, leading to a stock rating upgrade. AI is also making inroads into filmmaking, with studios partnering with AI companies and film festivals showcasing AI-generated content. However, concerns are emerging in the TV industry, with executives like David Zucker and Rola Bauer noting worries about AI-generated notes and script origins. Furthermore, AI is being utilized to enhance titanium manufacturing, with researchers at Johns Hopkins using AI and 3D printing to improve the strength and efficiency of titanium parts. Minnesota is also considering new laws for artificial intelligence.
Key Takeaways
- Meta is investing $14.3 billion in Scale AI for a 49% stake to enhance its AI capabilities.
- Armenia plans a $500 million AI supercomputing hub with NVIDIA and Firebird, launching in 2026.
- The IVES ETF, focused on AI stocks, reached $100 million in assets in just five trading days.
- NTT DATA and Cisco are launching AI-powered Software Defined Infrastructure (SDI) services.
- SoundHound AI is experiencing revenue growth and a stock rating upgrade due to voice AI investments.
- AI is increasingly used in filmmaking, with studios partnering with AI companies like Runway.
- TV executives express concerns about AI-generated notes and script origins.
- Researchers are using AI and 3D printing to improve titanium manufacturing.
- Minnesota is considering new laws related to artificial intelligence.
Application Resilience Requires Concerted Effort
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AI Can Now Unlock 99% More of Your Data
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SoundHound AI Stock Gets Rating Upgrade as Agentic AI Grows
SoundHound AI (SOUN) is rapidly increasing its revenue thanks to big investments in AI. The company is benefiting from the growth of voice AI technology. An analyst has given the stock a rating upgrade. The analyst has a long position in ADBE and DOCU shares.
Meta's $14.3 Billion AI Investment Faces Underappreciated Risks
Meta Platforms, Inc. (NASDAQ: META) is investing heavily in AI, including a $14.3 billion investment in Scale AI for a 49% stake. While this move strengthens Meta's AI capabilities, it also introduces potential risks. Markets may be underestimating these immediate threats. Meta's focus on AI began in 2021 after Apple's privacy changes.
Minnesota Considers New Laws for Artificial Intelligence
This article discusses the latest developments in artificial intelligence legislation in Minnesota. Further details are unavailable.
NTT DATA Launches AI-Powered Infrastructure Services for Cisco
NTT DATA and Cisco are expanding their 30-year partnership with new AI-powered Software Defined Infrastructure (SDI) services. These services aim to help businesses modernize their IT and speed up digital transformation. NTT DATA's research shows that many companies are held back by outdated technology. The new SDI services offer intelligent automation and real-time insights to improve infrastructure and lower costs. The services will be showcased at Cisco Live Americas 2025 on June 9, 2025.
Armenia Plans Huge AI Hub with NVIDIA and Firebird
Armenia is planning a $500 million AI supercomputing hub with NVIDIA, Firebird, and Team. The hub will open in 2026 and house thousands of NVIDIA GPUs. It will offer over 100 megawatts of computing power. The project aims to boost research, training, and entrepreneurship in AI. Prime Minister Nikol Pashinyan calls it Armenia's 'Stargate'.
AI Filmmaking Goes Mainstream Despite Controversy
AI is increasingly used in filmmaking, even though it's controversial. Some industry leaders say it's becoming mainstream, with more filmmakers using AI tools. Studios are partnering with AI companies to explore content creation. Lionsgate is allowing its video generation model to train on its movies and TV shows. Runway held its third annual AI Film Festival in Los Angeles, showcasing short films made with AI tools.
AI Notes Worry TV Execs David Zucker and Rola Bauer
David W. Zucker and Rola Bauer discussed the TV industry's chaos and AI's impact. Zucker mentioned a writer who suspected receiving AI-generated notes from an executive. He also noted concerns about the origin of new scripts due to AI. Zucker and Bauer are partnering on a project written by Michael Hirst, who is focused on making the story visceral and relevant to current Earth concerns.
IVES ETF Reaches $100 Million in Assets Quickly
The IVES ETF from Wedbush Securities reached $100 million in assets in just five trading days. Launched on June 4, the ETF focuses on 30 stocks related to 'The AI Revolution Theme' identified by Wedbush analyst Dan Ives. The fund's rapid growth shows strong investor interest in AI-focused investments. Wedbush's entry into the ETF market reflects the increasing demand for AI exposure in sectors like semiconductors, robotics, cloud, and cybersecurity.
AI Makes Titanium More Useful and Efficient
Engineers are using AI to improve titanium manufacturing. Titanium is strong but traditionally expensive to produce. Researchers at Johns Hopkins are using AI and 3D printing to make titanium parts faster and stronger. They are focusing on Ti-6Al-4V, a strong and lightweight titanium alloy. AI helps them find new ways to process the material and improve its performance for uses from deep sea to outer space.
Sources
- The concerted effort of maintaining application resilience
- Unlock the other 99% of your data - now ready for AI
- SoundHound AI: A Play On Agentic AI (Rating Upgrade) (SOUN)
- 2 Underappreciated Risks Behind Meta's $14.3 Billion Scale AI Investment (NASDAQ:META)
- Artificial intelligence and legislation: The latest in Minnesota
- NTT DATA launches AI powered software defined infrastructure services for Cisco Products
- Armenia plans major AI hub with NVIDIA and Firebird
- For some in the industry, AI filmmaking is already becoming mainstream
- David W. Zucker & Rola Bauer On Navigating Industry Chaos & Writers Getting AI-Generated Notes From Execs
- IVES ETF Hits $100 Million in Assets in Only 5 Trading Days
- Artificial Intelligence Helps Make Titanium More Useful