May 14, 2025

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Nvidia Apple Egune AI Alibaba AI Chips AI Trading Hackathon

The AI industry is experiencing significant growth and investment, with companies like NVIDIA, Apple, and Alibaba making major strides in AI development and infrastructure. NVIDIA is poised to gain from billions of dollars spent on AI infrastructure, while Apple is developing specialized AI chips for its future devices, including smart glasses. Meanwhile, AI startups like Egune AI and SoundHound AI are securing funding and making progress in their respective fields. The industry is also seeing increased investment from companies like Alibaba and Tencent, with plans to quadruple their AI development investments. Additionally, AI-powered accessibility features are being developed, with Apple unveiling new features to make technology more accessible to everyone. The AI space is also seeing the emergence of new business opportunities, with companies like POET Technologies and Serve Robotics Inc. capitalizing on the demand for photonic solutions and autonomous robots.

Key Takeaways

  • Cryptonix is hosting an AI Trading Hackathon to develop AI-powered trading systems and strategies.
  • Apple is developing specialized AI chips for its future devices, including smart glasses.
  • NVIDIA is poised to gain from billions of dollars spent on AI infrastructure by companies like Amazon and Alphabet.
  • Egune AI, a Mongolian AI startup, has secured a $3.5 million equity investment from Golomt Bank.
  • Alibaba and Tencent plan to quadruple their AI development investments to 200 billion yuan by 2025-2026.
  • SoundHound AI's stock has seen a rocky ride in 2025, but the company has maintained its revenue outlook and goal of reaching adjusted EBITDA profitability by year-end.
  • POET Technologies and Serve Robotics Inc. are AI stocks under $50 worth considering.
  • Apple has unveiled new AI-powered accessibility features, including Accessibility Nutrition Labels and the new Magnifier app for Mac.
  • NVIDIA forecasts AI data center spending to hit $1 trillion by 2028.
  • The AI industry is experiencing significant growth and investment, with new business opportunities emerging in areas like photonic solutions and autonomous robots.

Cryptonix launches AI trading hackathon

Cryptonix is hosting an AI Trading Hackathon to develop AI-powered trading systems and strategies. The event will take place this summer and is open to developers, data scientists, and AI researchers. Participants will build AI-driven bots and design strategy optimization models. The top 5 finalists will receive ongoing incubation and venture capital exposure. The hackathon aims to bridge the gap between academic theory and market application in AI trading.

Cryptonix AI hackathon announced

Cryptonix is organizing an AI Trading Hackathon to develop AI-powered trading systems and strategies. The event will be held this summer and will bring together tech enthusiasts, software engineers, and AI researchers. Participants will focus on collaborative development of AI-driven trading systems. The hackathon will serve as a platform for prototyping novel strategies and testing machine learning models. The top 5 finalists will receive ongoing incubation and venture capital exposure.

Apple develops AI chips

Apple is developing specialized chips to power future devices, including its first smart glasses and new MacBooks. The chips are expected to compete with Meta's Ray-Ban models. Apple aims to begin mass production of the glasses processor by the end of next year or in 2027. The company has made considerable progress on the chip and is planning to integrate it into its smart glasses. Apple's goal is to start selling the glasses in roughly two years.

NVIDIA leads in AI

NVIDIA is poised to gain from the billions of dollars spent on AI infrastructure by companies like Amazon and Alphabet. The company's advanced chips are in high demand, with shipments of its latest cutting-edge new-generation Blackwell chips surging. NVIDIA forecasts AI data center spending to hit $1 trillion by 2028, fueling stock growth. The company's CUDA software platform has increased among developers and is expected to improve NVIDIA's quarterly performance.

Mongolian AI startup raises funds

Egune AI, a Mongolian AI startup, has secured a $3.5 million equity investment from Golomt Bank. The financing will enable Egune AI to scale its technology and strengthen Mongolia's national AI infrastructure. Egune AI was launched in 2022 to create a super-intelligent digital assistant rooted in the Mongolian language and culture. The company has trained over 2,100 AI models and developed a suite of AI-powered tools, reaching over 24,000 daily users.

NVIDIA vs SoundHound AI

NVIDIA and SoundHound AI are two companies making significant inroads in the AI space. SoundHound AI's stock has seen a rocky ride in 2025, but the company has maintained its revenue outlook and goal of reaching adjusted EBITDA profitability by year-end. NVIDIA is poised to gain from the billions of dollars spent on AI infrastructure by companies like Amazon and Alphabet. The company's advanced chips are in high demand, with shipments of its latest cutting-edge new-generation Blackwell chips surging.

China invests in AI

Alibaba and Tencent are planning to quadruple their AI development investments to 200 billion yuan by 2025-2026. This funding is expected to give a leg up to large-scale firms like GDS Holdings, VNET Group, and WinTriX DC Group, offering promising revenue and cash flow prospects. The rapid growth in AI investments comes with its own challenges, including supply chain constraints, especially in advanced chips, which might impede AI infrastructure development and affect data center demand.

SoundHound AI stock surges

SoundHound AI's stock climbed over 20% on Monday due to a significant short squeeze and broader market optimism following a temporary reduction in U.S.-China tariffs. The company's CEO, Keyvan Mohajer, had addressed the rising short interest in SoundHound AI stock, stating that short sellers don't change the company's mission. SoundHound AI has seen a rocky ride in 2025, but the company has maintained its revenue outlook and goal of reaching adjusted EBITDA profitability by year-end.

Best AI stocks under $50

There are several AI stocks under $50 that are worth considering, including POET Technologies Inc. and Serve Robotics Inc. POET Technologies offers photonic integrated packaging solutions and is capitalizing on the demand for photonic solutions within the AI and data center markets. Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces for food delivery activity in the US. The company's technology stack developed for its autonomous robot fleet represents exciting new business opportunities.

Apple unveils AI-powered accessibility features

Apple has unveiled new accessory features set to come later this year, including Accessibility Nutrition Labels and the new Magnifier app for Mac. The company is leveraging the power of silicon, along with innovations in artificial intelligence and on-device machine learning, to achieve new levels of accessibility for its users. Apple's goal is to make technology accessible to everyone, and the new features will allow users who are blind or have low vision to easily access information and explore the world around them.

Sources

AI Trading Hackathon Cryptonix NVIDIA AI Chips Artificial Intelligence Machine Learning