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Top stories today:
- OpenAI said to launch GPT-5 in Aug., open-weight model by late Jul.
- Google launches AI-powered āWeb Guideā search experiment
- Cognition said to be in talks to raise $300M at $10B valuation
- Intel trims foundry spend as Q2 revenue tops estimates at $12.9B
- Trumpās tariffs falling on corporate America, with tariffs +$55B YTD
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. OpenAI said to launch GPT-5 in early Aug., open-weight model by late Jul.
Representational image generated using ChatGPT.
GPT-5 will reportedly include the o3 reasoning capabilities.
Combining o-series with GPT could simplify, reduce friction, and move toward AGI.
However, GPT-5 is unlikely to meet the AGI threshold.
GPT-5 and its mini version will reportedly be on ChatGPT and OpenAIās API, with the nano version would be limited to the API.
The open-weight model is said to be āsimilar to o3 miniā, with reasoning capabilities.
Available on Azure, Hugging Face, and other cloud providers.
Separately, Founders Fund and Dragoneer are reportedly backing OpenAIās $30B tranche with $1B+ each
SoftBankās amount in the 2nd tranche would be reduced to $20B+ with additional backers coming in.
OpenAIās 1st $10B tranche included $7.5B from SoftBank and $2.5B from investors including a16z and GIC.
2. Google launches AI-powered āWeb Guideā search experiment to organize results
The opt-in feature divides search results into sections, each focusing on a specific type of answer.
Both open-ended search queries and more complex, multi-sentence questions can work.
Available as a Search Labs experiment.
Initially reconfigures search results on the Web tab.
Will expand to other Google Search areas, including the āAllā tab.
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4. Cognition said to be in talks to raise $300M at $10B valuation
