Pinterest's New AI Tools, Meta's 2035 AI Revenue Vision, and Visa & Mastercard's AI Shopping Revolution - Daily AI Brief #170
May 01, 2025 -
Daily AI Brief
Hi there,
Welcome to today's AI Brief. Pinterest has introduced new tools to manage AI-generated content, enhancing user control over their feeds. Meanwhile, Meta projects significant revenue from AI by 2035, highlighting its long-term investment in artificial intelligence.
In other developments, Visa and Mastercard have launched AI shopping features to streamline consumer transactions. Additionally, Wikipedia is implementing an AI strategy to support its editors, aiming to improve content accuracy and efficiency.
Top stories
JetBrains Launches Mellum AI Coding Model on Hugging Face
JetBrains has released Mellum, an open AI coding model for software development, on the Hugging Face platform. The model is designed for code completion and trained on extensive data, but requires fine-tuning and may reflect biases from public codebases. Read more
Pinterest Introduces Tools to Manage AI Content
Pinterest has announced new features to manage AI-generated images, including labeling and visibility controls, in response to user feedback on low-quality content. Read more
Meta Projects Significant Revenue from Generative AI by 2035
Meta anticipates its generative AI products will yield between $460 billion and $1.4 trillion in revenue by 2035, as revealed in court documents. The company plans substantial investments in AI, with budgets potentially exceeding $1 billion by 2025. Read more
Visa and Mastercard Launch AI Shopping Features
Credit card companies Visa and Mastercard have introduced new AI-powered shopping solutions. Visa launched 'Intelligent Commerce' for AI-driven consumer shopping, while Mastercard announced 'Agent Pay' to integrate payments into AI recommendations. Read more
Wikipedia Reveals AI Strategy to Support Editors
Wikipedia has announced a three-year AI strategy focused on enhancing tools for editors and volunteers without replacing them. The plan includes using AI to streamline tasks, automate processes, and improve information access while maintaining human oversight and transparency. Read more
Anthropic Suggests Changes to US AI Chip Export Controls
On April 30, 2025, Anthropic proposed modifications to the U.S. Department of Commerce's AI chip export controls, advocating for stricter limits on chip purchases by Tier 2 countries and increased enforcement funding. Read more
Other news
H Company has acquired Mithril Security, while CEOs from major AI firms like OpenAI and Microsoft are set to testify before the US Senate. Kintsugi raised $18 million, Cast AI secured $108 million, and Supio obtained $60 million for their AI platforms, as Duolingo launched 148 AI-created language courses.
- H Company Acquires Mithril Security
- AI CEOs to Testify Before US Senate on May 8, 2025
- Kintsugi Raises $18 Million, Valuation Hits $150 Million
- Cast AI Secures $108 Million in Series C Funding
- Supio Secures $60 Million for AI Legal Platform
- Duolingo Introduces 148 AI-Created Language Courses
- Waymo and Toyota Discuss Autonomous Vehicle Partnership
- Microsoft Warns of AI Capacity Constraints
- Google Gemini Chatbot Adds Image-Creation Tools
- Tools for Humanity Unveils Orb Mini for AI Verification
- Microsoft Introduces Phi 4 AI Models
- Amazon Unveils Nova Premier AI Model
- Amazon Updates Q Business for Public Chatbots
- AI Labs Accuse LM Arena of Bias in Benchmarking
- Gruve.ai Raises $20 Million to Innovate AI Consulting
- Grindr Partners with Amazon and Anthropic for AI Feature
- Rakuten to Invest $100 Million in India for AI and Expansion
- Xiaomi Launches AI Model MiMo
- Palantir Enhances Wendy's and Walgreens with AI
- NetApp Launches Post-Quantum Encryption Features
- Ceto Raises $4.8M for Maritime Insurance AI
- iwell Secures €27 Million for European Expansion
- Accel Leads $4M Seed Round in Solda.AI
- Meta CEO Predicts AI to Handle Half of Coding by 2026
- Meta Updates Privacy Policy for Ray-Ban Glasses
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