Mistral AI introduces Magistral, an open-source and enterprise-grade reasoning model designed to tackle intricate professional tasks, offering transparent reasoning capabilities for diverse applications.
Enterprise AI startup Glean raises $150 million in Series F funding, propelling its valuation to a staggering $7.2 billion as it surpasses $100 million in annual recurring revenue within just 3 years of operation.
AI adoption among companies appears to be plateauing as firms confront the reality of AI's current limitations, with 41% of U.S. businesses having deployed AI products as of May 2025, according to fintech company Ramp's AI Index based on transaction data.
SAP announces massive Business AI expansion to over 400 scenarios by 2025, transforming Joule into an AI-powered interface with autonomous workflow agents that can execute complex tasks across multiple applications while eliminating manual prompt engineering.
Microsoft secures a massive deal to provide 100,000 Copilot AI licenses to Barclays, signaling the banking giant's bet on AI for streamlining workflows and enhancing decision-making across its workforce.
Salesforce has quietly acquired Moonhub, a startup building AI tools for talent recruitment, evaluation, and hiring, with the entire Moonhub team joining Salesforce to advance its AI strategy, accelerating Moonhub's mission in the rapidly growing AI-powered HR tech space.
McKinsey's AI tool Lilli, used by over 75% of its employees monthly, creates PowerPoints and handles tasks traditionally done by junior workers, allowing them to focus on higher-value work for clients.
Audi is leveraging artificial intelligence (AI) to boost efficiency in production and logistics, integrating over 100 AI projects to enable major gains through AI-supported quality monitoring, generative AI tools like 'Tender Toucan', and systematic data organization.
IBM laid off 8,000 employees, mainly from HR, as its AI platform AskHR automated 94% of routine tasks, but the company's total workforce grew as it reinvested in areas requiring human skills like engineering and sales, signaling a strategic pivot toward AI integration and workforce realignment.
Google unveils AI-powered upgrades to Workspace tools like Docs, Sheets, Meet, and Chat, including automated workflows with Workspace Flows, audio versions and writing assistance in Docs, and data analysis in Sheets, empowering businesses to boost productivity and insights.