Colorado’s AI law under review amid budget crisis

Colorado lawmakers face a dual challenge as they return to the State Capitol on 21 August for a special session: closing a $1.2 billion budget shortfall and revisiting a pioneering yet controversial law regulating AI.

Senate Bill 24-205, signed into law in May 2024, aims to reduce bias in AI decision-making affecting areas such as lending, insurance, education, and healthcare. While not due for implementation until February 2026, critics and supporters now expect that deadline to be extended.

Representative Brianna Titone, one of the bill’s sponsors, emphasised the importance of transparency and consumer safeguards, warning of the risks associated with unregulated AI. However, unexpected costs have emerged. State agencies estimate implementation could cost up to $5 million, a far cry from the bill’s original fiscal note.

Governor Polis has called for amendments to prevent excessive financial and administrative burdens on state agencies and businesses. The Judicial Department now expects costs to double from initial projections, requiring supplementary budget requests.

Industry concerns centre on data-sharing requirements and vague regulatory definitions. Critics argue the law could erode competitive advantage and stall innovation in the United States. Developers are urging clarity and more time before compliance is enforced.

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Hubballi emerges as Infosys’ tech hub with Center for AI, cybersecurity, space

Infosys’ decision to launch a Centre for Advanced AI, Cybersecurity & Space Technology in Hubballi deepens its commitment to transforming North Karnataka into a thriving tech hub. The centre, forming part of the company’s global Living Labs network, signals strategic investment in emerging technologies grounded in regional development.

Over 1,000 employees are now based at Hubballi, where the new Living Lab delivers services across sectors such as manufacturing, healthcare, financial services, and space technology. Strategic ties with local academic institutions like IIIT Dharwad are intended to nurture future-ready talent close to operations.

Local leaders framed the centre as a corrective to past underutilisation concerns and a driver of industry-academia collaboration. By encouraging expansion to other districts, they set the tone for inclusive growth and long-term innovation across North Karnataka.

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UK’s MP created AI bot aiming to enhance communication with constituents

AI has become increasingly integrated into people’s lives in recent years, particularly through the use of chatbots and in ways previously unimaginable. One such example is the initiative taken by UK Member of Parliament Mark Sewards, who has created an AI bot of himself to interact with constituents.

Specifically, Labour’s Mark Sewards has partnered with an AI start-up to launch a virtual avatar that uses his voice, allowing constituents to raise local concerns and ask policy-related questions. While this may appear to offer a quicker and more convenient means of communication, opinions are divided.

On one hand, there are concerns around privacy, data security, a lack of human interaction, and the chatbot’s ability to resolve more complex issues. Dr Oman from the University of Sheffield warns that older users may not realise they are speaking to a bot, which could lead to confusion and distress.

Professor Victoria Honeyman from the University of Leeds notes that, while the bot can handle straightforward queries and free up time, it may cause upset when users are dealing with emotional or complicated matters, potentially undermining public trust in MPs and public services.

At the same time, Mark Sewards emphasised that the chatbot will not replace traditional methods such as advice surgeries. However, Sewards stated that he sees the project as a way to embrace emerging technology and improve accessibility.

Professor Honeyman added that, although it is not a complete substitute for face-to-face engagement, the chatbot signals a broader shift in how MPs connect with the public and could prove effective with further development and adaptation.

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Endex brings AI to Excel with OpenAI Startup Fund support

Endex.ai has secured $14 million in funding to bring AI directly into Microsoft Excel. The funding round was led by the OpenAI Startup Fund, marking a significant moment for traditional tools in the business world.

Founded in 2022 by Tarun Amasa and Kevin Yang, the startup has spent the past year collaborating quietly with financial institutions to refine its product.

Now available to the public through limited invites, the tool embeds itself within Excel and helps users manage tasks like financial modelling, data cleanup, and detailed analysis (without switching applications).

Unlike broader AI tools, Endex has been designed specifically for finance professionals. It understands financial terminology, adapts to user habits, and references trusted data sources such as SEC filings, CapIQ, and earnings reports.

The company describes its product as Excel-native, aiming to enhance rather than replace a tool already deeply integrated into finance work.

With the new funding, Endex plans to expand development and scale its reach. The AI agent already works on both Mac and Windows, and its frictionless interface is proving attractive in a field where saving time and improving accuracy can make a substantial difference.

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Apple pledges $100 billion more to boost US chip production

Apple is increasing its domestic investment by an additional $100 billion, bringing its total commitment to US manufacturing to $600 billion over the next four years.

The announcement was made by CEO Tim Cook during a joint appearance with President Donald Trump at the White House, as the administration signals plans to impose steep tariffs on foreign-made semiconductors.

The investment includes a new American Manufacturing Program aimed at expanding US production of key Apple components, such as AI servers and rare earth magnets. Facilities are already under development in states including Texas, Kentucky, and Arizona.

Apple says the initiative will support 450,000 jobs across all 50 states and reduce reliance on overseas supply chains.

Apple’s expanded spending arrives amid criticism of its slow progress in AI. With its ‘Apple Intelligence’ software struggling for traction, and the recent departure of foundation model head Rouming Pang to Meta, the company is now shifting focus.

Cook confirmed that investment in AI infrastructure is accelerating, with data centres expanding in five states.

While Apple’s move has drawn praise for supporting American jobs, it has also stirred controversy. Some users expressed discontent with Cook’s public alignment with Trump, despite the strategic importance of avoiding tariffs.

Trump stated that companies investing in the US would not face the proposed import charges.

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Trump Media trials new AI search engine with help from Perplexity

Trump Media and Technology Group has begun testing a new AI-powered search engine called Truth Search AI on its Truth Social platform.

Developed in partnership with AI company Perplexity, the feature is intended to enhance access to information for users of the platform.

Devin Nunes, CEO and Chairman of Trump Media, said the tool will strengthen Truth Social’s position in the so-called ‘Patriot Economy’.

Perplexity’s Chief Business Officer, Dmitry Shevelenko, added that the collaboration brings powerful AI to users who are seeking answers to significant questions.

The search engine is already live on the platform and has responded to politically sensitive queries with measured language.

When asked whether Donald Trump was a liar, the tool noted that the label often depends on context, but acknowledged that fact-checkers have documented many misleading claims.

A similar question about Nancy Pelosi prompted the response that such a claim was partisan rather than factual.

Trump Media plans to expand the feature to its iOS and Android apps shortly. The launch is part of a wider strategy to broaden the company’s digital offerings, which also include ventures in cryptocurrency and finance, such as a proposed Bitcoin ETF in partnership with Crypto.com and Yorkville America Digital.

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South Korean chipmakers avoid US tariffs through domestic investments

South Korea’s Trade Minister said Samsung and SK Hynix will avoid the 100% US tariffs on semiconductor imports. The exemption follows both companies’ significant investments in US chip manufacturing facilities.

Trump had warned that countries failing to produce semiconductors domestically would incur steep tariffs but offered relief for those building factories in the US.

Samsung operates two chip fabrication plants in Texas, supported by the CHIPS and Science Act. Meanwhile, SK Hynix is building a packaging plant in Indiana with government grants and loans.

Samsung’s partnership with Apple will see chips manufactured at its Texas facility supply the iPhone line, particularly image sensors for next-generation models. Analysts expect this collaboration to boost Samsung’s semiconductor sales.

Apple also announced plans to invest an additional $100 billion in US operations over the next four years, highlighting the growing importance of domestic chip production.

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OpenAI expands reach with models now accessible on AWS platforms

Amazon Web Services (AWS) now offers access to OpenAI’s gpt‑oss‑120b and gpt‑oss‑20b models through both Amazon Bedrock and SageMaker JumpStart. Bedford’s unified API lets developers experiment and switch models without rewriting code, while SageMaker offers fine‑tuning, deployment pipelines, and robust enterprise controls.

AWS CEO Matt Garman celebrated the partnership as a ‘powerhouse combination’, noting that the models outperform comparable options, claiming they are three times more price-efficient than Gemini and five times more than DeepSeek‑R1, when deployed via Bedrock.

Rich functionality comes with these models: wide context capacity, chain-of-thought transparency, adjustable reasoning levels, and compatibility with agentic workflows. Bedrock offers secure deployment with Guardrails support, while SageMaker enables experimentation across AWS regions.

Financial markets took notice. AWS stock rose after the announcement, as analysts viewed the pairing with OpenAI’s open models as a meaningful step toward boosting its AI offerings amid fierce cloud rivalry.

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GitHub deleted post exposes OpenAI’s new GPT-5 features

GitHub has prematurely unveiled OpenAI’s next-generation GPT-5 models in a blog post that was swiftly deleted. The post briefly revealed that GPT-5 will be released in four variants, promising significant upgrades in reasoning ability, coding performance, and user experience.

Archived versions of the removed announcement show that GPT-5 features improved agentic capabilities and can complete complex coding tasks with minimal input.

The four model versions include a full-strength GPT-5 for logic and multi-step operations, a lightweight mini version for cost-efficient usage, a nano version optimised for speed and low latency, and a chat-focused variant built for advanced, multimodal enterprise interactions.

Reddit users first spotted the post, including comparisons between GPT-5 and competing models such as Llama 4 Scout and Cohere v2.

The accidental release aligns with growing anticipation after OpenAI insiders hinted at a major release earlier in the week, with CEO Sam Altman teasing the update just days before.

OpenAI is expected to launch GPT-5 later today, officially during a live-streamed event. The company has also introduced two new open-weight GPT-OSS models, including one that can run locally on personal devices.

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OpenAI moves to challenge Meta and China with open-weight models

OpenAI has launched its first open-weight AI models in over five years, under the Apache 2.0 license. Developers now have access to download, adapt, and deploy the models commercially, marking a significant shift in policy from the company’s previously closed-source approach.

The move comes amid pressure from China’s open-source AI sector and Western rivals, such as Meta. The GPT-OS models focus on reasoning and support complex tasks such as coding and mathematics.

GPT-OS-120 b targets high-performance setups, while GPT-OS-20 b can run on standard machines. While not fully open-source, the release provides transparency regarding weights and architecture, although the training data remains undisclosed.

The approach has split expert opinion: some praise the openness, others question the limited disclosure. Regardless, it signals OpenAI’s strategic recalibration in response to market pressure.

Benchmark tests show the models excel in advanced reasoning. The o4-mini, a related model, has already surpassed its competitors in evaluations such as AIME 2024 and 2025. Analysts say these tools could reshape workflows across sectors, from coding to enterprise automation.

OpenAI’s timing aligns with rapid revenue growth and a $40 billion funding round. Analysts see this release as a calculated step in a maturing, competitive industry, where a balance of proprietary control and open access may define future leadership.

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