Sequoia Capital in the news as AI, tech funding heats up; powerhouse US VC firm, Menlo Park-based, backs seed to growth-stage startups.
Leaders like BlackRock's Larry Fink warn that AI's growth could deepen economic inequality, benefiting a few large companies and investors. Concerns about a potential bubble and market risks are rising as AI investments surge, with new startups like LeCun's AMI Labs aiming to develop more advanced AI systems.
Apple has revealed Apple Intelligence and a revamped Siri, called Siri AI, at its WWDC keynote. Siri AI will use Googlepowered Gemini and private cloud models for web knowledge, run across iPhone and Mac, and surface personal context from on-device data. Developers can test a beta; Apple has not given a firm consumer release date.