Alphabet shares rose 1.51% Monday after reports emerged that Google is developing a specialized server chip called "Frozen v2," projected to deliver six to ten times the power efficiency of its current TPUs when running Gemini AI models.

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Chris Fall has resigned as director of the Center for AI Standards and Innovation just three months after the Trump administration appointed him, adding to growing uncertainty over U.S. AI policy leadership as Chinese AI models gain ground domestically.

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Moonshot AI and Alibaba unveiled rival frontier AI models this weekend, claiming performance comparable to OpenAI and Anthropic's best systems while making their models publicly available — a move that sharpens the U.S.-China AI rivalry.

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Samsung Biologics has launched a 1.46 billion Swiss franc ($1.8 billion) all-cash tender offer for Switzerland's PolyPeptide Group, a peptide-based drug ingredient specialist, in what the South Korean firm describes as the largest biopharmaceutical M&A deal in its country's history.

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Kaspersky researchers have identified a malware campaign called HelloNet that abuses the update mechanism of ViPNet, a certified Russian networking product, to compromise government agencies and critical-sector organizations across Russia.

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