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Academic publishers are increasingly turning to AI licensing deals as a vital revenue source amid looming US research funding cuts. Informa’s Taylor & Francis reported $75 million in 2024 from such agreements, while concerns over author compensation and intellectual property rights persist. Publishers are adopting a dual strategy, leveraging AI for internal operations while monetizing content externally to navigate the evolving landscape of academic publishing.
Abu Dhabi's luxury real estate market is thriving in 2025, with property sales exceeding Dh6.3 billion in the first four months, driven by a surge in branded residences and a 158% increase in super-luxury resales. Key hotspots like Saadiyat Island and Yas Island are attracting a diverse range of buyers, including end-users and international investors, as the city unveils 25 new branded projects, enhancing its appeal as a premier destination for upscale living.
Chinese EV manufacturers like BYD are intensifying competition against Tesla in self-driving technology by offering advanced systems for free, while Tesla charges nearly $9,000 for its Full Self-Driving feature in China. BYD's God’s Eye system matches Tesla's capabilities but at a lower production cost due to cheaper sensors and vertical integration, allowing for significant data advantages from a vast EV fleet. This shift underscores the growing threat to Tesla's dominance in the global EV and autonomous driving market.
Bain Capital has led a $30 million Series B funding round for a crypto wallet startup, signaling strong investor interest in the digital asset space. This investment aims to enhance the startup's growth and development in the competitive cryptocurrency market.
Mark Zuckerberg is spearheading a new team at Meta focused on artificial general intelligence (AGI), dubbed “superintelligence,” which will consist of around 50 experts. This initiative follows concerns over the performance of Meta’s Llama 4 model and aims to enhance AGI research separate from product development.Meta plans a significant investment in Scale AI, potentially exceeding $10 billion, marking its largest external investment. This strategy reflects a shift towards specialized AGI teams and underscores Meta's commitment to self-funding AI development, positioning it competitively against other firms reliant on external financing.
Huawei's CEO, Ren Zhengfei, acknowledged that the company's AI chips are currently one generation behind those of American competitors. He expressed confidence in Huawei's efforts to enhance chip performance through methods like cluster computing, despite challenges from US export controls.
The proposed tightening of "too big to fail" regulations for UBS has sparked mixed reactions, with concerns over generous transition periods and potential cost shifts to the Swiss market. Experts warn that increased capital costs could make UBS a takeover target, while the Financial Market Supervisory Authority (FINMA) is set to gain expanded powers for preventative interventions. This shift may complicate UBS's expansion plans in the U.S. and Asia.
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Gold prices fell on Tuesday, impacted by a rise in the US dollar as traders awaited updates from ongoing US-China trade talks. Spot gold decreased by 0.6% to $3,307.72 an ounce, while US gold futures dropped 0.8% to $3,327.50. The dollar index's 0.3% increase made gold pricier for holders of other currencies, with market sentiment remaining cautious until progress is made in negotiations between the two economic powers.
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academic publishers embrace ai licensing to counter funding cuts
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