Meta's AGI Team, Apple's OpenAI Partnership, and OpenAI's $10B Revenue - Daily AI Brief #204
June 10, 2025 -
Daily AI Brief
Hi there,
Welcome to today's AI Brief.
Meta has formed a team dedicated to developing Artificial General Intelligence. Apple has expanded its partnership with OpenAI and unveiled new AI features. Meanwhile, OpenAI has achieved $10 billion in revenue.
In other news, Swedish AI Startup Lovable is seeking a $1.5 billion valuation, and Apple has introduced a new Foundation Models Framework. Stay tuned for more updates in the world of AI.
Welcome to today's AI Brief.
Meta has formed a team dedicated to developing Artificial General Intelligence. Apple has expanded its partnership with OpenAI and unveiled new AI features. Meanwhile, OpenAI has achieved $10 billion in revenue.
In other news, Swedish AI Startup Lovable is seeking a $1.5 billion valuation, and Apple has introduced a new Foundation Models Framework. Stay tuned for more updates in the world of AI.
Top stories
Meta Forms Team for Artificial General Intelligence
Meta CEO Mark Zuckerberg is establishing a new team to pursue artificial general intelligence, aiming to develop machines with human-like capabilities. This effort includes a significant investment and recruitment of experts. Read more
Apple Expands OpenAI Partnership, Unveils AI Features at WWDC 2025
Apple Inc. has announced an expanded partnership with OpenAI at WWDC 2025, revealing new AI features for its operating systems, while updates to Siri remain delayed. Read more
OpenAI Achieves $10 Billion Revenue Milestone
OpenAI has reached $10 billion in annual recurring revenue, doubling from the previous year. This growth is attributed to the success of its ChatGPT chatbot and other products, excluding licensing revenue from Microsoft. Read more
Swedish AI Startup Lovable Seeks $1.5 Billion Valuation
Lovable, a Swedish AI startup, is in talks with US investors to raise at least $100 million, aiming for a valuation of $1.5 billion or more. The company, known for its 'vibe coding' technology, has rapidly grown to $61 million in annual recurring revenue. Read more
Apple Introduces Foundation Models Framework
Apple has launched the Foundation Models framework, enabling developers to use AI models offline on devices. Announced at WWDC 2025, it supports Swift and allows for personalized app experiences without cloud costs. Read more
Other news
Sumsub has enhanced its Case Management solution with an AI Assistant named Summy, while Elliptic Labs collaborates with Ceva to optimize its AI platform for the NeuPro-Nano NPU. Sintra and Definely have secured $17 million and $30 million respectively for AI platform expansions, and Lyrebird Health raised $12 million for its AI transcription platform. OpenAI banned accounts in the Philippines over a pro-government campaign, and AiVANTA and Slangit are partnering to develop an AI customer platform for Arabic-speaking markets.
- Sumsub Enhances Case Management with AI Assistant
- Elliptic Labs Optimizes AI Platform for Ceva NPU
- Sintra Secures $17M for AI Platform Expansion
- Definely Secures $30 Million for AI Expansion
- Lyrebird Health Secures $12M for AI Transcription
- OpenAI Bans Accounts in Philippines for Pro-Government Campaign
- AiVANTA and Slangit Partner for AI Customer Platform
- Crayon Expands Partnership with Google Cloud
- Sivers Semiconductors Secures Contract with aiRadar
- Ericsson and Supermicro Partner for Edge AI Connectivity
- WEKA and Nebius Partner for GPU-as-a-Service
- Nvidia Opens AI Centre and Forms UK AI Forum
- Amazon's $20 Billion Investment in Pennsylvania
- Saudi Arabia and UAE Compete for AI Leadership
- Runwise Secures $55M in Series B Funding
- Apple Delays AI-Powered Siri Launch
- Tecnotree Signs $19.58M Deal for AI BSS Transformation
- Seceon and Aquion Partner for AI Cybersecurity in Asia-Pacific
- Google AI Reduces Traffic to Publishers
We hope you enjoyed this article.
Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.
Also, consider following us on social media:
Subscribe to Daily AI Brief
Daily report covering major AI developments and industry news, with both top stories and complete market updates
