This comprehensive coverage represents the state of the AI business as of July 9, 2025, highlighting the rapid consolidation in AI infrastructure, the emergence of comprehensive AI regulations at the state level, and the growing real-world impact of AI on employment and society.
BREAKING: COREWEAVE TO ACQUIRE CORE SCIENTIFIC IN $9 BILLION AI INFRASTRUCTURE MEGADEAL
In a move that signals massive consolidation in the AI infrastructure sector, CoreWeave is set to acquire Core Scientific in a $9 billion stock deal. This transaction highlights the intense demand for GPU capacity and the strategic value of AI compute infrastructure as companies race to secure the hardware needed for large-scale AI operations.
Deal Implications:
The acquisition values Core Scientific at $9 billion, marking one of the largest AI infrastructure deals to date
Consolidation reflects the growing scarcity of GPU resources as AI adoption accelerates
Strong AI demand continues to drive M&A activity across the sector
The deal positions CoreWeave as a major player in the AI compute infrastructure market
This acquisition comes as companies struggle to secure adequate GPU capacity to train and deploy increasingly sophisticated AI models, with wait times for high-end chips stretching into months.
TEXAS ENACTS MOST COMPREHENSIVE STATE AI LAW IN U.S.
Texas lawmakers have passed a sweeping AI law aimed at governing both government and private sector use of the technology. The legislation includes transparency requirements, bias mitigation protocols, and a framework for AI audits. It’s one of the most extensive state-level AI laws in the U.S.
Key Provisions:
Mandatory transparency requirements for AI systems used in decision-making
Bias mitigation protocols to ensure fair AI deployment
Comprehensive framework for regular AI audits
Applies to both government agencies and private companies operating in Texas
Officials say the law balances innovation with ethical safeguards, potentially serving as a model for other states considering AI regulation.
AI-DRIVEN UNEMPLOYMENT HITS RECORD HIGHS FOR COLLEGE GRADUATES
Recent data shows college graduate unemployment has reached record highs, largely driven by AI-based job displacement. Entry-level roles in customer service, marketing, and data entry are increasingly automated.
The Employment Crisis:
Entry-level positions are most affected by AI automation
Customer service and marketing roles see highest displacement rates
The education-to-employment pipeline needs urgent reform
Debates about reskilling programs and universal basic income intensify
Top US CEOs, including those from Ford, JPMorgan, Amazon, and Anthropic, have warned that AI could replace up to half of American white-collar jobs, with Ford CEO Jim Farley stating, “AI will concretely replace half of US white-collar workers.”
HUAWEI DEFENDS AI MODELS AMID COPYCAT ALLEGATIONS
Huawei’s AI lab is fending off accusations that it copied rival models, claiming an independent development path for its AI systems. The Chinese tech giant’s defense comes amid increasing scrutiny of Chinese AI development practices.
Key Points:
Huawei strongly denies copying competing AI models
Company highlights capabilities of its Ascend 910C chip
Defense comes as China pushes for AI sovereignty
Incident highlights growing tensions in global AI competition
The controversy underscores the intensifying competition between Chinese and Western AI companies, with intellectual property concerns becoming a major flashpoint.
MARKET MOVEMENTS AND KEY METRICS
AI Infrastructure Boom: The CoreWeave-Core Scientific deal exemplifies the massive consolidation happening in AI infrastructure, with companies scrambling to secure compute resources.
Financial Services AI Surge: Global AI spending in financial services is projected to reach $55.9 billion by 2025, with predictive AI and automation redefining payment networks and enhancing security.
Major M&A Activity: Capgemini announced it will buy WNS for $3.3 billion to expand its AI offerings, signaling continued consolidation in the AI services sector.
ADDITIONAL KEY DEVELOPMENTS
Talent Wars Continue: Apple has lost another top AI models executive to Meta’s hiring spree, as the social media giant continues its aggressive recruitment campaign with nine-figure packages.
Microsoft Success Stories:
Telefônica Brasil implemented Microsoft Azure OpenAI Service, decreasing average handling time for individual customers by 9%
Multiple enterprises report significant productivity gains from Microsoft’s AI tools
Scientific Advances: DeepMind’s AlphaGenome AI predicts how DNA changes affect gene expression, aiding research in cancer and genetic diseases.
Education Innovation: Google introduced Gemini for Education, a version of the Gemini app built for the unique needs of the educational community, helping personalize learning for students and assisting teachers in content generation.
Product Updates: NotebookLM now allows users to share notebooks publicly with anyone using a single link, whether it’s an overview of nonprofit projects, product manuals, or study guides.
LOOKING FORWARD: THE AI TRANSFORMATION ACCELERATES
Software Platform Disruption: According to PwC, AI agents will start to reshape demand for software platforms in 2025, as companies use them to fill the gaps of existing systems like ERPs. This shift may prompt a change in softwarebusiness models from seeking large-scale infrastructure investments to offering tailored AI solutions.
China-US AI Competition: China’s AI models are rapidly closing the quality gap with US counterparts, with performance differences on major benchmarks shrinking to near parity, intensifying the global AI race.
The Employment Question: As AI continues to automate white-collar work, the urgent need for reskilling programs, educational reform, and potentially new social safety nets becomes increasingly apparent.
Sources: Bloomberg, Reuters, PwC, Microsoft Blog, Google Blog, Various Industry Reports
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
