1. Microsoft Delays Next-Gen AI Chip Production
Microsoft’s upcoming AI chip, codenamed Maia, has encountered production delays due to design changes and staffing challenges. Originally slated for a 2025 release, mass production is now expected in 2026. This postponement may impact Microsoft’s competitiveness in the AI hardware sector. timesofindia.indiatimes.comreuters.com
2. Trump Administration Plans to Boost AI Infrastructure
The Trump administration is considering executive orders to enhance power generation for AI development. Proposals include allocating federal land for data centers and expediting permits for advanced power projects. These measures aim to strengthen the U.S.’s position in the global AI race, particularly against China.
3. AI’s Impact on Wall Street Employment
Artificial Intelligence is reshaping Wall Street by automating tasks traditionally performed by junior staff and analysts. Goldman Sachs’ CEO David Solomon noted that AI can complete 95% of an IPO prospectus in minutes, reducing the need for large teams. While roles requiring client relationships and decision-making remain crucial, experts predict significant reductions in junior-level staffing. marketwatch.com
4. Wimbledon Embraces Full Automation
Wimbledon’s 2025 tournament marks the complete automation of court-level officiating, replacing human line judges with Electronic Line Calling (ELC) systems. While this technology offers higher precision, some argue it diminishes the human element and drama traditionally associated with the sport. ft.com
5. American Airlines Experiences System Outage
On June 27, American Airlines faced a significant technology outage that temporarily grounded flights at major U.S. airports, including Miami International and Dallas Fort Worth. The disruption, caused by connectivity issues in the airline’s computer systems, affected operations such as flight bookings and baggage tagging. While systems were restored within a few hours, over 40% of flights experienced delays. people.com
6. Corey Feldman Voices Concerns Over AI in Hollywood
Actor Corey Feldman expressed apprehension about the increasing reliance on AI and CGI in Hollywood, fearing it may erode the emotional connection and storytelling that define cinema. He emphasized the importance of preserving the human element in filmmaking amidst technological advancements. nypost.com