AI news and funding updates from the last 24 hours(13th May 2025):

LTIMindtree

* Lands $450 M, seven-year AI-driven IT transformation deal with ADM

Happiest Minds

* Q4 FY25 revenue +30.5%, net profit –52.8%

OpenAI

* Beta integrates ChatGPT Deep Research with OneDrive & SharePoint

Ray-Ban Meta

* Smart glasses pre-orders open in India at ₹29,900; launch May 19

PhonePe

* UPI outage after DR drill reroutes traffic to new data center

Infosys

* Becomes Official AI & Innovation Partner for Queen’s Club tennis

Google

* Launches AI Futures Fund and India accelerator; Google I/O set for May 20–21

Microsoft

* Build 2025 (May 19–22) to spotlight Copilot expansions and custom AI models

Renesas Electronics

* To build India’s first 3 nm chip-design centers in Noida & Bengaluru

AllTrails

* “Peak” premium tier with AI routing, forecasts & plant ID at \$80/yr

Epoch AI

* Warns reasoning-model performance gains may plateau by 2026

Amazon Audible

* Rolls out AI-narrated audiobooks with 100+ voices and upcoming translation

Spotify

* Adds voice commands to AI DJ for Premium users in 60+ markets

Notion

* Introduces AI meeting transcription with live summaries and note sync

AgiBot

* Trains humanoid robots in Shanghai amid China’s ¥1 trillion robot drive

NVIDIA & AMD

* U.S. poised to ease chip exports to Saudi Arabia and UAE under new policy

Cisco & G42

* Cisco partners with UAE’s G42 on AI during Trump’s Gulf tour

DataVolt

* Pledges $20 B to U.S. AI data-center buildout

Google, Oracle, Salesforce, Uber

* Commit $80 B in Gulf tech investments

Other News

* AI agents hype vs. reality: true autonomy still years off

* U.S. rescinds Biden’s AI Diffusion Rule, shifts to bilateral negotiations

* UK defence reforms: cuts procurement to two years, £400 M innovation fund

* White House signals open chip-export regime for “trusted allies”

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