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AI Competition Heats Up: Labs Vie for Supremacy Amid Technical Milestone
ByAinvest
Friday, Jul 25, 2025 7:07 am ET1min read
AI competition is pushing companies to areas they didn't want to go, with SK Hynix reporting record earnings and increasing demand for AI products and services. Meanwhile, C3.ai CEO Tom Siebel is stepping down due to an autoimmune disease affecting his sight, and Intel's sales forecast offered hope to investors despite few answers about improving technology. JD.com is in talks to acquire Ceconomy AG, and AI labs OpenAI, Google DeepMind, and Harmonic are competing to announce results on this year's International Math Olympiad.
South Korean chip giant SK Hynix Inc. has reported record quarterly profits, driven by surging demand for artificial intelligence (AI) technology. The company's operating profit climbed almost 70 percent to 9.2 trillion won (US$6.7 billion) in the second quarter, with revenues reaching 22.2 trillion won, both all-time highs [1].SK Hynix, the world's second-largest memory chip maker, dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for Nvidia Corp. The company attributes its success to aggressive investment by global big tech companies into AI, which has led to a steady increase in demand for AI memory. Shipments of DRAM and NAND flash topped forecasts, boosting the bottom line [1].
Meanwhile, artificial intelligence software maker C3.ai announced that its founder and chief executive, Thomas Siebel, will step down due to health reasons. Siebel, who has experienced significant visual impairment following a diagnosis of an autoimmune disease, will stay on as CEO until a successor is named and will also remain executive chairman of the board of directors [2][3]. The company's stock fell 10.8 percent on the news, though one analyst speculated that C3.ai could be acquired [2][3].
Intel, which has been facing challenges in its AI technology, offered hope to investors with a positive sales forecast. The company expects to see a rise in sales in the coming quarters, but there are few answers regarding the improvement of its AI technology [1].
Additionally, JD.com is in talks to acquire Ceconomy AG, while AI labs OpenAI, Google DeepMind, and Harmonic are competing to announce results on this year's International Math Olympiad [1].
References:
[1] https://www.taipeitimes.com/News/biz/archives/2025/07/25/2003840866
[2] https://www.investors.com/news/technology/ai-stock-c3ai-stock-ceo-siebel-leaving/
[3] https://www.inkl.com/news/software-maker-c3-ai-s-chief-executive-siebel-to-step-down
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