The Laude Institute has launched its first batch of 'Slingshots' AI grants, aimed at providing essential resources to startups that often lack access to such support in traditional academic environments. This inaugural program features 15 innovative startups focused on AI evaluation, marking a significant step in fostering technological advancement and entrepreneurship in the AI sector.

OpenAI is actively addressing concerns regarding its financial stability as it seeks to reassure investors and stakeholders. This is significant because financial transparency is crucial for maintaining trust and support in the rapidly evolving tech landscape, especially for a company at the forefront of artificial intelligence.

The latest TDS Newsletter dives into the effective use of AI, particularly focusing on LLM applications. It highlights the different approaches people take when engaging with new technologies—some jump in eagerly, while others prefer to research and understand the context first. This discussion is crucial as it helps readers navigate the complexities of AI, ensuring they make informed decisions in their tech endeavors.

Take-Two has announced a six-month delay for the highly anticipated release of GTA VI, pushing it to November 2026. This news comes despite a strong Q2 performance, with net bookings rising 33% year-over-year to $1.96 billion, surpassing estimates. However, the delay has led to a significant drop in Take-Two's stock price, falling over 8% in after-hours trading. This postponement is disappointing for fans eagerly awaiting the next installment of the iconic game series, highlighting the challenges in game development and the impact of corporate decisions on investor confidence.

Google's Opal, a no-code AI app builder, is now available in over 160 countries, allowing users to create AI mini-apps using natural language. This expansion is significant as it democratizes access to AI development, enabling anyone with an idea to quickly turn it into a functional tool without needing extensive coding knowledge. Opal's user-friendly approach could empower a new wave of innovation and creativity in the tech space.

Sam Altman recently announced that OpenAI has achieved an impressive annual recurring revenue of $20 billion, alongside substantial commitments of around $1.4 trillion for data centers. This news is significant as it highlights OpenAI's strong financial position and its potential for future growth, driven by a variety of upcoming business ventures that Altman believes will generate considerable revenue.

OpenAI's CEO, Sam Altman, is optimistic about the company's financial future, projecting an impressive $20 billion in annual revenue by the end of the year. This growth comes as OpenAI invests heavily in new data centers, demonstrating its commitment to expanding its capabilities without relying on government support. This is significant not only for OpenAI but also for the tech industry, as it reflects the increasing demand for AI technologies and the company's strong position in the market.

Amazon has introduced Kindle Translate, an innovative AI-powered translation service aimed at helping ebook authors expand their audience. This new tool allows writers to easily translate their works into multiple languages, making their stories accessible to a global readership. By breaking down language barriers, Kindle Translate not only enhances the visibility of authors but also enriches the reading experience for diverse audiences, highlighting Amazon's commitment to supporting creators in the digital age.