RAIDD Recap - Week 34
AI hype cools, Meta freezes hiring, NVIDIA chip plans halted, India leans into superintelligence, and robotics funding hits new highs.
RECAP
📉 MIT warns: AI investments may be overhyped
A new MIT report suggests 95% of companies investing in generative AI haven’t seen meaningful ROI. Combined with recent warnings from OpenAI’s Sam Altman, the report fuels broader concerns about inflated valuations and unrealistic expectations.
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🧠 Public anxiety grows around AI's societal impact
A Reuters/Ipsos poll shows 71% of Americans fear AI will displace jobs, and 77% worry it will worsen political disinformation. Concerns also span military applications and overall job stability—adding pressure to policymakers and AI firms alike.
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🛑 Meta pauses AI hiring amid internal shakeup
Meta has frozen hiring across its AI teams following a series of reorganizations. This marks the fourth major AI restructuring in six months, signaling a recalibration in strategy after aggressive expansion.
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🇨🇳 NVIDIA halts production of H20 chips for China
NVIDIA has ordered suppliers to pause development of its H20 AI chips for China, citing export controls and pressure from Chinese regulators. The move deepens the rift in global chip strategy and intensifies U.S.–China tech tensions.
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🤖 FieldAI raises $314M for AI-driven industrial robots
California-based FieldAI raised $314 million in new funding, bringing its valuation to $2 billion. The company builds autonomous robots for industrial work—especially for "dangerous, dirty, and dull" environments.
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🇮🇳 India hosts AI sovereignty summit
At the ET Soonicorns Summit, Indian leaders and tech CEOs discussed AI superintelligence, job transformation, and how to build national moats in an AI-dominated world. Calls for AI sovereignty and regulation featured prominently.
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