doubleAI, a Tel Aviv startup backed by Nvidia, launched a new AI model designed to cut computing costs. Co-founded by CEO Amnon Shashua, the company says it reduced one early customer's compute costs by 67 percent, signaling potential savings for enterprises running large-scale AI workloads.
Meanwhile, Charles Schwab CEO Rick Wurster expressed skepticism about AI agents handling stock trading independently. He believes human judgment remains essential for certain investment decisions, citing a personal encounter that reinforced the need for guidance in complex financial situations.
In market news, Nasdaq 100 futures bounced 1.32 percent after last week's sharp 4.5 percent drop. Traders are closely watching AI credit spreads, which Goldman Sachs reports are at their widest levels of the year. Earnings from Meta and Tesla are expected this week and could sway investor confidence.
Amazon Web Services rolled out a new Business Value Realization Competency to help partners better monetize AI sales. Partners can receive up to $50,000 in marketing funds along with tools like workshops, learning modules, and an AI ROI calculator to demonstrate returns to customers.
JetStream Security, a startup founded in 2025, raised $34 million in seed funding led by Redpoint Ventures. The company is building an AI security platform with channel partners that helps organizations monitor AI systems, control access, manage spending, and block unauthorized activity.
LG Group kicked off a monthlong series of business reviews led by CEO Koo Kwang-mo, focusing on turning AI investments into tangible results. The reviews involve affiliate CEOs across electronics, battery, chemical, and telecommunications divisions, with particular emphasis on strengthening partnerships with Nvidia and Microsoft.
Fincantieri is investing nearly 100 million euros in its BOOST² program to transform shipyards with robotics, Physical AI, and automation. The initiative has already involved over 450 employees across 13 shipyards in Italy, Romania, and the United States, and is now moving from testing to full industrial deployment.
NASA awarded a $600,000 grant through the Arizona Space Grant Consortium to Embry-Riddle and the University of Arizona. The funding supports projects exploring how to integrate AI into education, with an emphasis on helping students learn about the field rather than having AI teach classes.
Disney has asked Character.AI to file for bankruptcy so it can acquire the startup's intellectual property. Character.AI faces accusations from dozens of states that it encouraged minors to self-harm. Disney reportedly wants to obtain the company's trust and safety technology through the bankruptcy process.
Congress is under growing pressure to regulate artificial intelligence, but many lawmakers acknowledge they lack the technical expertise to do so. Representative Sam Liccardo says the group must build its tech knowledge before passing meaningful rules, a challenge that echoes past regulatory delays with emerging technologies.
Key Takeaways
- doubleAI, backed by Nvidia, launched an AI model that cut a customer's compute costs by 67 percent
- Charles Schwab CEO Rick Wurster doubts AI agents can trade stocks without human oversight
- Nasdaq 100 futures rose 1.32 percent after last week's 4.5 percent drop amid AI credit risk concerns
- AWS launched a BVR Competency offering partners up to $50,000 in marketing funds for AI sales
- JetStream Security raised $34 million in seed funding to build an AI security and access control platform
- LG Group is conducting monthlong reviews to convert AI investments into measurable business results with Nvidia and Microsoft
- Fincantieri is spending nearly 100 million euros on its BOOST² AI and robotics shipyard program across 13 locations
- NASA granted $600,000 to two Arizona universities to explore AI integration in education
- Disney seeks to acquire Character.AI's technology through bankruptcy amid state accusations of harming minors
- Congress lacks the technical expertise needed to regulate AI effectively, according to lawmakers
doubleAI launches AI model to cut computing costs
doubleAI, a Tel Aviv startup backed by Nvidia, launched a new AI model designed to reduce computing costs. The company was co-founded by CEO Amnon Shashua. It says it cut one early customer's compute costs by 67 percent.
Charles Schwab CEO skeptical of AI stock trading agents
Charles Schwab CEO Rick Wurster is doubtful that AI agents can handle stock trading on their own. He believes some investment decisions still need a human touch. He recently met an older woman whose situation showed him why human guidance matters.
Nasdaq 100 futures bounce as traders eye AI credit risks
Nasdaq 100 futures rose 1.32 percent after last week's 4.5 percent drop. Traders are watching AI credit spreads, which Goldman Sachs said are at their widest levels of the year. Meta and Tesla earnings are expected this week and will test investor confidence.
AWS launches BVR Competency to boost partner AI revenue
Amazon Web Services introduced a Business Value Realization Competency to help partners earn more after sales. Partners can receive up to $50,000 in marketing funds and tools to show AI return on investment. The program includes workshops, learning modules, and an AI ROI calculator.
JetStream builds AI security platform with channel partners
JetStream Security, founded in 2025, is building an AI security platform with help from channel partners. It raised $34 million in seed funding led by Redpoint Ventures. The platform helps organizations monitor AI systems, control access, manage spending, and block unauthorized activity.
NASA funds AI education programs at two Arizona universities
NASA gave a $600,000 grant to Embry-Riddle and the University of Arizona through the Arizona Space Grant Consortium. The money is split evenly, with $300,000 going to Embry-Riddle for a three-year project. Students will help faculty decide how to add AI to future classes. Professor Elliott Bryner said AI should help students learn about the field rather than teach classes themselves. The school also plans to address data privacy concerns as technology changes.
Fincantieri invests nearly 100 million euros in AI shipyard project
Fincantieri is using nearly 100 million euros to transform its shipyards with robotics, Physical AI and automation systems. The program called BOOST² has already involved over 450 employees across 13 shipyards in Italy, Romania and the United States. Technologies include Digital Twin systems, Smart Supply Chain tools and additive manufacturing. CEO Pierroberto Folgiero said the goal is to have people and intelligent technologies work side by side. The program is now moving from testing to full industrial deployment.
Road rage sentence overturned due to AI generated video
Gabriel Paul Horcasitas was convicted of manslaughter for killing Christopher Pelkey in a 2021 road rage incident in Arizona. During the trial, an AI generated video showed Pelkey forgiving his killer, created by Pelkey's sister Stacey Wales. The judge gave Horcasitas a 10-and-a-half year sentence but the Arizona Court has now ordered resentencing. The court ruled that the AI video was unfair because it contained words Pelkey never actually said. Horcasitas still maintains his manslaughter charge but will receive a different sentence.
LG launches monthlong reviews focused on AI business results
LG Group began a monthlong series of business reviews starting Monday to assess performance and plan for 2027. CEO Koo Kwang-mo is leading meetings with affiliate CEOs across electronics, battery, chemical and telecommunications divisions. The reviews focus on turning AI investments into tangible results and strengthening partnerships with Nvidia and Microsoft. LG has been working on AI-driven business transformation, physical AI and enterprise AI. The company aims to combine capabilities across affiliates under its One LG strategy to achieve measurable commercial results.
Disney asks Character.AI to go bankrupt to acquire its technology
Disney is asking Character.AI to file for bankruptcy so it can acquire the startup's intellectual property. Character.AI is a chatbot startup that dozens of states have accused of encouraging minors to self-harm and kill their parents. Disney wants to get Character.AI's trust and safety technology through the bankruptcy process. The company has been trying to acquire startups and their technology in recent years. Disney did not respond to a request for comment on the matter.
Congress seeks tech experts to regulate AI
Lawmakers in Congress are under pressure to create new laws for artificial intelligence. Many representatives admit they lack the knowledge to handle this fast-growing technology. Rep. Sam Liccardo from California says the group must increase its tech expertise to pass meaningful rules. Congress has historically waited to regulate new technologies like the internet before acting. There is currently no agreement on the best way to build this new knowledge quickly.
Sources
- Exclusive | Nvidia-Backed Startup doubleAI Launches Model to Pare Cost of Compute
- AI Agents Trading Stocks While You Sleep? Charles Schwab’s CEO Is Skeptical
- Nasdaq 100: Futures Bounce as Traders Test AI Credit Fears Before Big Tech Earnings
- AWS launches BVR Competency to grow partners’ post-sales AI revenue
- How JetStream Aims To Build A ‘Lasting’ AI Security Platform With The Channel: Execs
- NASA grant funds AI education at Arizona colleges
- Fincantieri Accelerates Robotics and Physical AI to Build The Shipyard of he Future With Nearly €100 Million Investment
- Road Rage Sentence Thrown Out for Artificial Intelligence Usage
- LG seeks tangible AI returns in monthlong business reviews
- Disney Asked Character.AI to Go Bankrupt for a Get-Out-of-Lawsuits Card
- Wanted: Tech experts to help Congress regulate AI
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