Stanford HAI Releases 2025 AI Index Report Highlighting Advances and Disparities
Stanford University’s Human-Centered AI Institute has released the 2025 AI Index Report, offering a comprehensive review of the field. The report documents sharp gains in benchmark performance, widespread integration across healthcare, transport, and business, and a surge in global private and public investment. At the same time, it underscores persistent gaps in responsible AI practices, regional differences in public opinion, and ongoing challenges in complex reasoning.
Hugging Face Expands Open-Source AI Role with US$4.5B Valuation and Robotics Push
Hugging Face has emerged as a central hub for open-source AI, enabling global collaboration through its widely used Transformers library and expansive model-sharing platform. Backed by a $4.5B valuation and recent acquisition of Pollen Robotics, the company is expanding beyond software into hardware while continuing to champion accessible, community-driven AI development.
Justice Kagan Praises AI Tool Claude for Supreme Court Case Analysis
U.S. Supreme Court Justice Elena Kagan has praised the AI tool Claude for its analysis of a constitutional dispute, citing its effectiveness in handling complex Confrontation Clause issues. Her comments at the Ninth Circuit Judicial Conference underscore AI’s growing role in legal practice, though persistent risks and ethical questions suggest cautious adoption ahead.
HeyGen Relocates Headquarters from China to U.S. Amid Geopolitical Pressures
HeyGen, an AI-powered video creation platform, shifted its headquarters from China to the U.S. to meet regulatory requirements, attract Western investors, and access restricted AI technology. This strategic move reflects broader industry trends amid ongoing U.S.-China tech tensions.
Manus AI Relocates to Singapore, Cuts China Staff Amid U.S. Tech Tensions
Manus AI, a Chinese artificial intelligence startup, has relocated its global headquarters to Singapore and significantly reduced its China-based staff. The strategic shift highlights the growing impact of international tech regulations on AI firms and signals a broader trend toward global restructuring in the industry.
AI Outperforms 93% of Fund Managers with 6X Higher Gains
Businesses are reallocating AI investments from experimental projects to core operations, aiming for sustainable ROI, according to a new IBM report. In parallel, Stanford research demonstrates AI's ability to outperform human fund managers in stock selection, revealing AI’s expanding influence on corporate and financial decision-making.
Amazon CEO: AI to Reshape Jobs and Reduce Corporate Workforce in Coming Years
Amazon CEO Andy Jassy stated that generative AI and autonomous agents will transform job functions and reduce corporate workforce needs over time. As part of Amazon’s evolving AI strategy, the shift highlights efficiency goals and reflects broader industry trends in automation and workforce adaptation.
Goodman Group Leads US$2.7B Data Centre Push to Power AI Growth in Hong Kong
Goodman Group has formed a $2.7 billion investment consortium with major global partners to develop and manage data centres in Hong Kong. The initiative targets growing AI and cloud computing demand in the Asia-Pacific, with six facilities offering 325 MVA of power capacity. The move reinforces Hong Kong’s role as a regional digital infrastructure hub.
AI to Add US$15.7 Trillion to Global Economy by 2030, But Challenges Remain
Artificial Intelligence is transforming sectors from finance to healthcare, with projections indicating a $15.7 trillion boost to global GDP by 2030. Markets like Australia and Hong Kong are accelerating adoption, yet face hurdles such as AI talent shortages, ethical concerns, and the dominance of tech giants. This report explores the economic impact, opportunities, and challenges of AI’s global rise.
Chinese Markets Surge on AI Innovation as Trade Tensions and Deflation Cloud Outlook
Chinese stocks saw a strong start to 2025, led by DeepSeek’s low-cost AI model. While tech shares and IPO activity surged, ongoing U.S.-China trade tensions, weak consumer demand, and deflationary trends continue to weigh on the broader economic outlook.
Goodman Group Accelerates AI Data Center and Warehouse Expansion Across Australia
Goodman Group, Australia’s leading industrial property developer, is ramping up investment in AI-driven data centers and automated warehouses. With major projects planned across Sydney and key global cities, the company is leveraging strategic partnerships and robust funding to meet growing demand for digital infrastructure and support Australia’s digital economy.
Anthropic CEO Warns AI May Replace 50% of Entry-Level White-Collar Jobs Within Five Years
Dario Amodei, CEO of Anthropic, has cautioned that AI advancements could eliminate up to 50% of entry-level white-collar jobs within five years. As companies accelerate AI adoption, experts emphasize the importance of workforce training and balanced policy responses to manage potential impacts.
Australia Expands Use of AI to Tackle Predatory Lending and Protect Vulnerable Borrowers
Australian regulators are increasingly turning to artificial intelligence to detect and address predatory lending. By integrating AI into oversight processes, authorities aim to protect vulnerable consumers and strengthen regulatory compliance as cost-of-living pressures persist and financial hardship complaints rise.
Citi Launches AI Tools for Hong Kong Staff to Boost Internal Efficiency
Citigroup has rolled out “Citi AI” tools to its Hong Kong employees, providing AI-powered support for tasks such as document summarization and policy retrieval. The initiative is part of Citi’s global strategy to enhance operational efficiency and aligns with local regulatory efforts to advance responsible AI use in financial services.
Hong Kong Invests HK$1 Billion in AI, Plans 10,000 Civil Service Job Cuts to Address Deficit
The Hong Kong government has announced a HK$1 billion investment in artificial intelligence research and development, alongside plans to reduce the civil service workforce by 10,000 positions by 2027. The dual strategy seeks to stimulate economic growth through innovation while addressing significant fiscal pressures.
Microsoft Lays Off 7,000 Employees to Advance US$80 Billion AI Investment Amid Industry Shift
Microsoft is laying off 7,000 employees worldwide, or about 3% of its workforce, to support a major $80 billion investment in AI infrastructure and technology development. The cuts, affecting various departments and management levels, highlight a strategic realignment as Microsoft aims to strengthen its position in the competitive AI market while navigating macroeconomic pressures.
Foxconn Revises 2025 Outlook: AI Server Demand Soars Amid Currency and Trade Uncertainty
Foxconn, the world’s largest contract electronics manufacturer, has adjusted its 2025 outlook as currency fluctuations and U.S. trade uncertainties offset strong growth in AI server demand. The company remains focused on AI-driven expansion while navigating global supply chain risks.
AI Boosts JPMorgan’s Client Advisory Services, Driving 20% Sales Growth
JPMorgan Chase & Co. has integrated AI tools like Coach AI to enhance client advisory efficiency, achieving a 20% increase in gross sales from 2023 to 2024. This move highlights the growing role of AI in financial services, improving decision-making, reducing costs, and supporting rapid responses to market changes.
Microsoft Surpasses Q3 Earnings Estimates as AI and Cloud Drive Strong Growth
Microsoft’s fiscal Q3 2025 results exceeded analyst expectations, with $70.1 billion in revenue and a 13% year-over-year growth, driven by strong AI and cloud performance. The company’s strategic investments in AI infrastructure and partnerships, including its ongoing collaboration with OpenAI, underscore its focus on next-generation technologies.
AI Adoption Could Boost Global GDP by 15% by 2035, PwC Research Finds
A new PwC report predicts AI could raise global economic output by 15% by 2035, rivaling the industrial revolution in its impact. But the scale of benefit hinges on responsible use, climate considerations, and public trust. The report also details PwC’s AI strategy and the evolving structure of global industries.