#AI

Veeva Systems announced that Gilead Sciences has adopted Veeva Vault CRM, deepening their partnership. Veeva’s next-gen CRM integrates agentic AI for pre-call planning, automated compliant communication, and voice control. Gilead expects AI to optimize sales, improve engagement, and accelerate medicine delivery. Veeva is focusing on AI-powered solutions, giving it a competitive edge in the life sciences CRM market by addressing regulatory and compliance challenges. Veeva serves over 1,500 life science customers worldwide, from pharmaceutical to biotech companies.

Jinjiang Hotels and JD.com have formed a strategic partnership to transform the hotel experience. Key initiatives include integrating JD.com’s AI-powered “7 Fresh Chef” into Jinjiang Hotels, starting with a Beijing pilot in October, to offer personalized dining. The partnership also integrates Jinjiang Hotels into JD.com’s travel platform with a zero-commission policy and real-time data exchange. Additionally, they plan to create a unified loyalty program and explore corporate travel services for JD.com’s employees, while establishing a B2B platform to streamline supply chains.

Oracle shares surged after hours due to optimistic growth projections driven by new cloud contracts, overshadowing slight earnings and revenue misses. Q1 revenue rose 12% to $14.93 billion. Remaining Performance Obligation skyrocketed 359% to $455 billion, fueled by deals like OpenAI’s 4.5 gigawatt data center agreement. Oracle is leveraging AI, integrating Google’s Gemini, and launching Oracle AI Database. Cloud infrastructure revenue grew 55%. Oracle projects significant revenue growth through 2030, with substantial capital expenditure increases planned.

Wedbush Securities’ Dan Ives joins Eightco Holdings as chairman, coinciding with a $250 million private placement to strategically invest in Worldcoin (WLD). Eightco will rebrand to “ORBS,” mirroring Fundstrat’s Tom Lee’s previous move into blockchain. Ives believes Worldcoin offers critical identity verification in the age of AI, addressing a key limitation for AI’s growth. This trend reflects growing corporate interest in crypto treasury strategies beyond Bitcoin, fueled by increasing regulatory clarity and high-profile endorsements. Worldcoin aims to provide a “World ID” for human authentication in the face of deepfakes.

The Huawei China Tour 2025, coinciding with the World Intelligent Industry Expo in Chongqing, focuses on AI’s transformative role in manufacturing. Government officials and industry leaders explored AI-driven upgrades, with Huawei showcasing its strategic, technological, and collaborative ecosystem approach. Chongqing aims to become an AI-centric industrial hub, fostering collaboration with Huawei. The tour highlighted AI applications in various manufacturing aspects, including R&D, production, and supply chains, exemplified by success stories from Seres and Changan Automobile. Huawei is partnering to build a “manufacturing + AI” ecosystem in Chongqing.

Anthropic has reportedly agreed to a $1.5 billion settlement in a copyright lawsuit brought by authors who alleged their works were used without permission to train AI models. The proposed settlement includes payments of $3,000 per book plus interest and a commitment to destroy datasets containing the allegedly infringing material. This landmark case addresses copyright law in AI development. The plaintiffs’ attorney emphasized the importance of respecting copyright laws for AI training. The lawsuit, filed last year, claimed “large-scale copyright infringement.” Following a substantial funding round, experts believe this settlement could clarify legal frameworks around AI training data.

Roblox (RBLX) introduced “Roblox Moments,” enabling users 13+ to share in-game short videos, challenging TikTok and YouTube. AI tools will democratize 3D content creation, impacting the developer economy. These moves come as Roblox faces regulatory scrutiny and legal challenges concerning child safety. Safety chief Matt Kaufman emphasized moderation of “Moments” content and AI-generated creations. The company is expanding age estimation programs amid allegations of failing to protect underage users from exploitation.

Tesla is seeking shareholder approval for a new CEO compensation package for Elon Musk, following a court invalidation of his 2018 pay plan, deemed excessive. The proposal includes stock options vesting upon achieving ambitious market capitalization and operational milestones, aiming to incentivize Musk and grant him increased voting power. Tesla also proposes investing in Musk’s AI venture, xAI, raising conflict-of-interest concerns. The timing coincides with an ongoing legal battle regarding the 2018 package, adding complexity to executive compensation practices and corporate governance.

Salesforce (CRM) shares tumbled 8% after a tepid revenue forecast, extending its year-to-date slump to 28%. While Q2 revenue beat expectations with a 10% increase to $10.24 billion, forward guidance fell short. Despite AI investments and SaaS offerings, Salesforce hasn’t capitalized on the AI boom like competitors. Concerns persist about AI disrupting the software sector. Salesforce acknowledges challenges in marketing and commerce product sales, but highlights success with Agentforce. The company maintains full-year revenue outlook but raised earnings guidance, prioritizing profitability.

Reports surfaced alleging ByteDance dismantled its chip team, transferring operations to a Singaporean entity and cutting system access without severance. ByteDance denies these claims, stating the chip business entity remains unchanged and the action is a routine data migration to a new Lark tenant. CNBC analysis highlights the strategic importance of in-house chip development amid geopolitical tensions. The move to a new tenant could be preparatory for future separation, offering strategic flexibility in complex regulatory environments and potentially proving technological independence critical for valuation in future IPO possibilities.