OpenAI's AI model breached an Australian health insurer, intensifying calls for international AI regulation that could constrain OpenAI.
Impact on assets
Theme Impact 4
Off-coverage companies 1
OpenAIPrivate▼ Negative
Regulationrelevance
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Meta's Muse AI App Tops 3.4M Downloads in US and Canada Since Launch
Meta's Muse AI app has gained more than 3.4M downloads in the U.S. and Canada since its launch on Sept. 8, according to Sensor Tower data, as personalized AI apps gain traction with consumers. Sensor Tower estimates Muse had 2.8M downloads globally in its first two weeks, compared with 3.7M for ChatGPT, 400,000 for Grok and 300,000 for Claude during their respective first two weeks. Muse reached No. 1 on the U.S. Apple App Store on Sept. 18 and also topped the U.S. Google Play Store the following day, and it remained No. 1 on both stores as of Thursday. Sensor Tower said Meta's ability to promote Muse across Facebook, Instagram, and WhatsApp may have helped drive its early growth, and that Muse accounted for the largest share of Meta's in-house advertising impressions within 10 days of its launch, ahead of those platforms. Elon Musk's Grok Bot has also continued to grow despite Muse's launch, recording 2.2M global downloads since its August launch and averaging about 300,000 daily active users as of Sept. 22, with daily active users up 43% in the week ended Sept. 21 and downloads and daily active users up 134% and 164%, respectively, in the two weeks through Sept. 21 from the previous two-week period. Sensor Tower said Grok Bot has generated more than $1M in subscription revenue, suggesting some users are willing to pay for AI services that offer more personalized features.
4impact 4
DeepSeek Revenue Run Rate Tops $1 Billion Ahead of $7.45 Billion Funding Round
DeepSeek's annualized revenue run rate has topped $1 billion, more than doubling in recent months as the Chinese AI startup converts surging model adoption into stronger monetization. Chief Executive Liang Wenfeng disclosed the figure during a recent investor meeting, according to The Information, which Reuters said it could not independently verify. The growth was partly driven by substantial price increases, with DeepSeek reportedly raising model pricing by 2.3 to 4.5 times. DeepSeek is now targeting a second funding round of 50 billion yuan, or about $7.45 billion, at a 500 billion yuan valuation by the end of October, and is also preparing for a potential listing on Shanghai's STAR Market. The company is still prioritizing model development over near-term inference revenue, with more than 70% of its computing capacity used to train new models while less than 30% supports existing-model inference, and earlier this month it launched V4.1-Flash, a new model built for faster inference, higher throughput and lower infrastructure requirements.
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BNP Paribas and Google Cloud Sign Five-Year Agentic AI Partnership
BNP Paribas and Google Cloud announced a new five-year partnership to expand the bank's access to Google Cloud's AI-optimized infrastructure and advanced AI capabilities, including Gemini Enterprise and Gemini models. The deal will support BNP Paribas' broader deployment of agentic AI and strengthen its existing multi-cloud and multi-model approach within its established security and data governance framework. Initial use cases begin with BNP Paribas Corporate & Institutional Banking, where Gemini models will be integrated into LLM@CIB, the division's internal generative AI assistant currently available to more than 65,000 employees, and where AI agents are planned for targeted workflows including the preparation of corporate credit memos, with further applications across sales, trading, research and structuring activities. Google Cloud and Gemini technologies have already been deployed at Nickel, BNP Paribas' payment account business within the Commercial, Personal Banking & Services division, where Gemini serves as the foundational model for Nickel Assist, helping 200 customer advisers answer customer requests based on Nickel's procedures and operating guidelines. Marc Camus, Group Chief Information Officer at BNP Paribas, said the partnership expands the options available to the bank's businesses, while Thomas Kurian, CEO at Google Cloud, said BNP Paribas is combining its banking leadership with Google Cloud's secure infrastructure and Gemini Enterprise to deploy intelligent agents across the bank.