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AI News Wrap-Up: 3rd June 2025

🏛️ Policy & Regulation

🔹 U.S. Rebrands AI Safety Institute

The U.S. Department of Commerce has renamed the AI Safety Institute to the Center for AI Standards and Innovation (CAISI), aligning more with national security priorities than public safety.
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🔹 California Advances AI Regulation Bills

California's Senate passed two pivotal AI regulation bills, SB 243 and SB 420, aimed at curbing deceptive chatbot use and establishing a robust oversight framework.
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⚙️ Technology & Innovation

🔹 Meta Secures Nuclear Power for AI Operations

Meta signed a 20-year deal with Constellation Energy to power its AI infrastructure with nuclear energy, ensuring long-term capacity for its data centers.
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🔹 Broadcom Ships Tomahawk 6 Networking Chip

Broadcom began shipping its Tomahawk 6 chip, a major performance upgrade expected to streamline AI networking at scale.
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🔹 IBM Acquires Seek AI

IBM’s acquisition of Seek AI boosts its enterprise AI stack, with plans to integrate it into its Watsonx Labs initiative.
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🌐 Global Developments

🔹 Chinese AI Progress Reshapes Global Landscape

China’s rapid AI advancements in Q1 2025 are altering the global competitive landscape, according to a new report.
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🔹 Hamburg Sustainability Conference Emphasizes Responsible AI

Global leaders adopted the “Hamburg Declaration” at this week’s conference, pledging ethical AI development for sustainability.
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🎮 Consumer & Culture

🔹 Epic Games Expands AI Characters in Fortnite

Epic Games is rolling out customizable AI-powered NPCs in Fortnite, following the success of AI Darth Vader.
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🔹 Google DeepMind Develops Personalized AI Email Tool

DeepMind is working on a personalized AI email manager that responds in your tone and handles daily inbox overload.
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📊 Market & Industry

🔹 AI Startups Revolutionize Coding Industry

Generative AI startups focused on code automation are drawing major investor attention, disrupting traditional software engineering.
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🔹 C3.ai Stock Outperforms Competitors

C3.ai’s stock rose by 2.80%, reflecting growing investor confidence amidst broader tech market volatility.
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Yesterday's AI News: 2nd June 2025

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