Apple has released its iOS 18 developer beta for eligible iPhone models, but without the artificial intelligence features promised in June. The AI enhancements are set to arrive in October, after Apple decided to decouple them from the initial iOS launch due to concerns about stability and the need for extensive testing.

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Hewlett Packard Enterprise (HPE) is expected to receive unconditional EU antitrust approval for its $14 billion acquisition of Juniper Networks. The acquisition was announced in January, aiming to enhance and innovate amid the demand for AI-driven services. The European Commission is set to rule on the merger by August 1.

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OpenAI, Google, Microsoft, Anthropic, AI21 Labs, Cohere, and other multi-billion dollar companies have dominated the development of AI technology, using their enormous financial resources to create generative AI that can converse like humans, write essays, and generate images. This concentration of power raises concerns about the influence these companies have on the development of new AI technologies.

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Chorology, a deep learning startup, has launched its AI-driven data governance platform with a $9 million Series A investment. The platform offers a suite of AI features that automate critical data governance tasks, including an automated data discovery tool. The startup has already secured a roster of Fortune 500 clients.

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AMD has acquired Finnish AI startup Silo AI for approximately $665 million in cash. The acquisition aims to bolster AMD's AI chip capabilities to compete with Nvidia. Silo AI's CEO and co-founder, Peter Sarlin, will lead the unit within the newly formed AMD Artificial Intelligence Group.

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Intuit, the parent company of TurboTax, is laying off approximately 1,800 employees, which is 10% of its workforce, to reallocate resources to critical areas including artificial intelligence. The company plans to close its sites in Edmonton, Canada, and Boise, Idaho, as part of its strategic shift.

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Elon Musk's AI startup xAI ended talks with Oracle over a potential $10 billion server deal. The discussions aimed to expand an existing arrangement where xAI rents Nvidia AI chips from Oracle's cloud services for its data center in Memphis, Tennessee. As a result, Oracle's shares fell 4.8%. xAI has decided to build its own AI data center instead.

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According to Crunchbase, AI startup funding more than doubled in Q2, reaching $24 billion from April to June. This surge in investments marks the first time AI became the largest sector, surpassing healthcare and biotech. The success of OpenAI's ChatGPT has sparked a race to adopt the latest AI technologies across business productivity, healthcare, and other industries.

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A hacker infiltrated OpenAI's internal messaging systems, stealing sensitive details about the company's artificial intelligence technologies and exposing internal conversations among researchers and employees. The breach occurred early last year, but OpenAI did not respond to a request for comment. The hacker accessed an online forum where employees discussed their latest technological advancements, but did not penetrate the core systems where OpenAI develops and maintains its AI.

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OpenAI is set to unveil its latest innovation, the GPT-4o mini, on Thursday. The new model is described as the most capable and cost-efficient small model available today, with plans to eventually integrate image, video, and audio functionalities. It is a derivative of GPT-4o, OpenAI's most advanced and fastest model to date, first introduced in May.

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