Philips Profits Soar, Anthropic Eyes $70B, China Bans Foreign AI Chips - Daily AI Brief #324

November 06, 2025 - Daily AI Brief
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Philips reported a boost in Q3 profits, attributing gains to AI and tariff strategies. Meanwhile, Anthropic projects a $70 billion revenue by 2028. In regulatory news, China has banned foreign AI chips in state-funded data centers. Intel and Cisco have launched a new AI platform aimed at enhancing edge workloads.

Snap Inc. is partnering with Perplexity AI to integrate AI search capabilities, and Microsoft is expanding its data center capacity in the UAE with G42. Additionally, OpenAI is seeking $1 trillion in US loan guarantees, and Tinder is testing an AI feature to boost user engagement. Stay tuned for more updates on these developments.
Philips Q3 Profit Boosted by AI and Tariff Strategies
Philips reported a third-quarter profit of 531 million euros, surpassing market expectations. The increase was driven by AI innovations and effective tariff mitigation strategies. Read more
Anthropic Forecasts $70 Billion Revenue by 2028
Anthropic has updated its financial projections, aiming for $70 billion in revenue and $17 billion in cash flow by 2028, driven by increased demand for its AI models. Read more
China Bans Foreign AI Chips in State-Funded Data Centers
The Chinese government has issued a directive for state-funded data centers to use only domestically-produced AI chips, affecting projects less than 30% complete. This move aims to boost China's self-sufficiency in AI technology and could impact foreign chipmakers like Nvidia, AMD, and Intel. Read more
Intel and Cisco Unveil AI Platform for Edge Workloads
Intel and Cisco have launched an integrated platform aimed at enhancing AI workloads at the edge, utilizing the Intel Xeon 6 SoC. This platform is designed to improve performance and security for real-time AI inferencing across multiple industries. Read more
Snap Inc. Partners with Perplexity AI for AI Search Integration
Snap Inc. has announced a $400 million partnership with Perplexity AI Inc. to integrate an AI-powered search engine into Snapchat's chat interface, aiming to enhance user experience with conversational answers. Read more
Microsoft and G42 Expand Data Centre Capacity in UAE
Microsoft and G42 have announced a 200-megawatt expansion of data centre capacity in the United Arab Emirates, as part of a $15 billion investment by Microsoft in the region. Read more
OpenAI Seeks US Loan Guarantees for $1 Trillion Expansion
OpenAI is requesting loan guarantees from the US government to support its infrastructure expansion, projected to exceed $1 trillion. The company aims to lower borrowing costs and attract investments for its significant infrastructure deals. Read more
Tinder Tests AI Feature to Enhance User Engagement
Tinder is testing an AI feature called Chemistry in New Zealand and Australia to improve user engagement by accessing Camera Roll photos and asking questions to understand user interests. This comes amid declining subscriber numbers and has impacted Match Group's revenue. Read more
Volkswagen Partners with Horizon Robotics for In-House Chip Development
Volkswagen has announced a joint venture with Horizon Robotics to develop its first in-house chip for smart driving in the Chinese market. This initiative aims to boost Volkswagen's competitiveness amid declining sales and rising local competition. Read more
Google May Increase Investment in Anthropic
Google is reportedly in talks to increase its investment in AI company Anthropic, potentially valuing the firm at over $350 billion. The discussions may also include additional cloud services from Google. Read more
Thomson Reuters Unveils AI Compliance Network
On November 5, 2025, Thomson Reuters announced the launch of ONESOURCE+, an AI-powered network aimed at integrating tax, trade, legal, and risk solutions to enhance efficiency and reduce risk. Read more
Perplexity Enables Trillion-Parameter AI Models on AWS
Perplexity has announced a new capability to deploy trillion-parameter AI models on standard Amazon Web Services (AWS) infrastructure, overcoming previous hardware limitations and enhancing access for researchers and businesses. Read more
Apple Nears $1 Billion Deal with Google for Siri AI
Apple is reportedly close to securing a $1 billion annual agreement with Google for a custom version of the Gemini AI model to enhance Siri's capabilities. This marks a notable shift from Apple's usual reliance on its own technology. Read more
Google Cloud Updates Vertex AI Agent Builder
Google Cloud has announced updates to its Vertex AI Agent Builder, introducing new tools for developers to enhance AI agent development and management. Read more
Google's $32 Billion Acquisition of Wiz Approved by US Government
The US government has given the green light to Google's acquisition of cloud security company Wiz for $32 billion, following an antitrust review by the U.S. Department of Justice. The deal is expected to be finalized by early 2026. Read more
Google to Build AI Data Centre on Christmas Island
Google is set to establish a significant AI data centre on Christmas Island, Australia, following a cloud agreement with the Australian Department of Defence. The centre aims to enhance military operations in the Indian Ocean, focusing on naval activity monitoring. Read more
Orca AI Introduces Co-Captain for Maritime Navigation
Orca AI has launched Co-Captain, a platform for real-time data sharing among vessels to improve maritime safety. The system connects over 1,000 ships, providing alerts on weather, hazards, and piracy. Read more
Deutsche Telekom and NVIDIA Announce €1 Billion AI Cloud Partnership
Deutsche Telekom and NVIDIA have announced a €1 billion initiative to launch the world's first Industrial AI Cloud in Germany by 2026. The project aims to enhance AI capabilities for industrial applications and public services in Europe. Read more
Microsoft Tests AI Agents in Synthetic Marketplace
Researchers at Microsoft and Arizona State University created the 'Magentic Marketplace' to evaluate AI agents. Initial findings indicate challenges for AI models like GPT-4o and GPT-5 in handling manipulation and collaboration. Read more
Crusoe Plans $120 Million Employee Stock Sale
Crusoe, a startup working on a data center project for OpenAI and Oracle, is set to sell $120 million in employee shares, valuing the company at $13 billion. The sale reflects increased demand for data center services. Read more
Pinterest CEO Highlights Open Source AI Benefits
During an earnings call, Pinterest CEO Bill Ready discussed the advantages of open source AI models in terms of cost efficiency and performance, noting their potential to enhance visual AI capabilities at lower costs. Read more
Deutsche Bank Considers Hedging Data Centre Risks
Executives at Deutsche Bank are exploring hedging strategies to manage their exposure to data centres, driven by AI and cloud computing demand. Read more
Google Expands AI Mode Accessibility in Chrome for Mobile
Google has introduced a new shortcut for AI Mode in Chrome on iOS and Android, enhancing accessibility for users to perform complex queries. Initially available in the U.S., this feature will soon be rolled out to 160 countries and support multiple languages. Read more

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