Meta Snubs EU AI Code, TSMC's 61% Profit Surge, Hadrian's $260M Defense Boost - Daily AI Brief #234
July 20, 2025 -
Daily AI Brief
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Meta has declined to participate in the EU's AI Code of Practice, while TSMC reports a 61% profit increase in Q2 2025, driven by high demand for AI chips. Hadrian has secured $260 million to expand its AI-driven defense manufacturing capabilities.
OpenAI has launched a $50 million fund aimed at supporting nonprofits, and JPMorgan Chase is expanding its research efforts to private firms, starting with OpenAI. Meanwhile, Benchmark is in discussions for a $30 million Series A investment in Greptile, and Cursor has acquired Koala to compete with GitHub Copilot.
Welcome to today's AI Brief.
Meta has declined to participate in the EU's AI Code of Practice, while TSMC reports a 61% profit increase in Q2 2025, driven by high demand for AI chips. Hadrian has secured $260 million to expand its AI-driven defense manufacturing capabilities.
OpenAI has launched a $50 million fund aimed at supporting nonprofits, and JPMorgan Chase is expanding its research efforts to private firms, starting with OpenAI. Meanwhile, Benchmark is in discussions for a $30 million Series A investment in Greptile, and Cursor has acquired Koala to compete with GitHub Copilot.
Meta Declines EU's AI Code of Practice
Meta Platforms has decided not to sign the European Union's Code of Practice for General Purpose AI, citing legal uncertainties and concerns about the code's scope exceeding the AI Act. Read more
TSMC Sees 61% Profit Increase in Q2 2025 Due to AI Chip Demand
TSMC has reported a 61% increase in profits for the second quarter of 2025, driven by high demand for AI chips. The company's revenue exceeded expectations, reaching NT$933.80 billion. Read more
Hadrian Secures $260M for AI-Driven Defense Manufacturing Expansion
California-based startup Hadrian has raised $260 million to expand its AI-powered manufacturing for U.S. defense, including a new factory in Arizona and upgrades in California. Read more
OpenAI Launches $50 Million Fund for Nonprofits
OpenAI has announced a $50 million fund to support nonprofit and community organizations. The fund aims to enhance services in education, economic opportunity, community organizing, and healthcare using AI. Read more
JPMorgan Chase Expands Research to Private Firms with OpenAI
JPMorgan Chase & Co. is broadening its research to include private companies, starting with OpenAI. This move aims to offer structured insights into private firms, especially in AI and software sectors. Read more
Benchmark in Talks to Lead $30M Series A for Greptile
Greptile, an AI-powered code review startup, is negotiating a $30 million Series A funding round led by Benchmark, potentially valuing the company at $180 million. Read more
Cursor Acquires Koala to Compete with GitHub Copilot
The AI coding app startup Cursor has acquired the AI-powered CRM startup Koala to enhance its enterprise offerings and compete with Microsoft's GitHub Copilot. Koala plans to shut down in September 2025. Read more
Other news
Citigroup and Ant International have launched an AI pilot program for airlines, achieving significant cost reductions in foreign exchange hedging. Amazon has announced layoffs in its AWS cloud division, unrelated to AI developments. The United Nations is advocating for stronger measures against AI-generated deepfakes, while the European Parliament calls for copyright reform to address AI training challenges. AMD plans to resume AI chip exports to China, pending regulatory approval. Jarvio and One Biosciences have secured funding to advance AI solutions in e-commerce and oncology, respectively. Vantage Data Centers is investing in a new AI-ready campus in Nevada, and Rwazi has raised funds to enhance its AI copilot for data-driven decision-making.
- Citigroup and Ant International Launch AI Pilot for Airlines
- Amazon Announces Job Cuts in AWS Cloud Division
- UN Urges Stronger Measures Against AI Deepfakes
- EU Parliament Urges Copyright Reform for AI Training
- AMD to Resume AI Chip Exports to China
- Jarvio Secures $1.8M for AI Solutions in Amazon Selling
- Vantage Data Centers Plans $3 Billion AI-Ready Campus in Nevada
- One Biosciences Raises €15 Million for AI Oncology Platform
- Rwazi Secures $12M for AI Copilot Development
- S&P Global Introduces AI-Ready Metadata
- HiddenLayer Appoints New Chief Revenue Officer
- Sendbird Appoints New Chief Marketing Officer
- Currency.com Uses AI for Compliance and Efficiency
- LightOn and ENS Paris-Saclay Launch AI Platform for Education
- Intel and Weizmann Institute Unveil Speculative Decoding at ICML 2025
- Trump Administration to Announce AI Guidelines
- Suno's v4.5+ Update Enhances AI Music Creation
- Zilliz Cloud Launches Vector Search on AWS
- Kiku Secures €4M for AI Hiring Agent
- Heron Raises $16M for AI Workflow Automation
- CrowdStrike Expands AI Security Tools on AWS Marketplace
- AMD and XMPro Enhance AI at Industrial Edge
- xAI Seeks Data Center Leases in Saudi Arabia and UAE
- OpenAI Challenges Canadian Court in Copyright Lawsuit
- Netflix Uses Generative AI in Content and Operations
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