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Amazon, Google Face AI Law Delay; OpenAI Gains $4.94B

Several developments are unfolding in the AI space. eToro is launching new AI tools, including the AI assistant Tori and Alpha Portfolios, to enhance social investing. These tools provide users with advanced trading and charting strategies, along with a public API for creating custom apps. Meanwhile, Colorado Governor Jared Polis is seeking to delay the state's AI law until 2027, amid concerns from tech companies like Amazon and Google, though Microsoft and IBM support the current law. A recent survey reveals that nearly half of employees are using banned AI tools at work, raising cybersecurity concerns. Google is actively developing artificial general intelligence (AGI), which could automate many knowledge-based jobs, while Kolon Benit is launching an AI sales team to help businesses adopt AI solutions. SoftBank's Vision Fund is shifting its focus to AI investments, including a significant stake in OpenAI and the Stargate Project, reporting a $4.94 billion net gain in 2025. Sysdig is enhancing cloud security with its Agentic AI tool, Sysdig Sage, and Sonatype is working to secure open source software supply chains. However, AI is also contributing to job losses, with almost half of recent layoffs linked to AI and technological updates. AI coding startups are grappling with high costs and low profits due to reliance on expensive large language models and competition from platforms like GitHub Copilot.

Key Takeaways

eToro is launching AI tools like Tori (AI assistant) and Alpha Portfolios to enhance social investing and provide advanced trading strategies.
Colorado's governor seeks to delay the state's AI law until 2027, facing opposition from Amazon and Google, but support from Microsoft and IBM.
Nearly half of employees are using banned AI tools at work, raising cybersecurity and compliance risks.
Google is developing AGI, potentially automating knowledge-based jobs.
Kolon Benit is launching an AI sales team to help businesses adopt AI solutions.
SoftBank's Vision Fund is focusing on AI investments, including a $22.5 billion stake in OpenAI, and reported a $4.94 billion net gain in 2025.
Sysdig is improving cloud security with its Agentic AI tool, Sysdig Sage.
Sonatype is focused on securing open source software supply chains, tracking over 65 million software vulnerabilities.
Almost half of recent layoffs are linked to AI and technological updates.
AI coding startups face high costs and low profits, competing with platforms like GitHub Copilot.

eToro unveils new AI trading tools for users

eToro CEO Yoni Assia announced the release of new AI tools. These tools will give users advanced ways to trade and create charts. He discussed the details on 'Bloomberg Markets' with Vonnie Quinn.

eToro unveils new AI trading tools for users

eToro CEO Yoni Assia announced new AI tools for users. These tools will help users build better trading and charting strategies. He talked about the new features with Vonnie Quinn on 'Bloomberg Markets'.

eToro uses AI to change social investing

eToro Group Ltd. is using artificial intelligence to change social investing. CEO Yoni Assia says they are building the future of investing now. They are launching AI tools that will create a community marketplace using eToro’s new public API. Popular Investors will get AI tools like eToro MCP and customizable dashboards. eToro is also launching Tori, an AI companion, and Alpha Portfolios with AI-powered strategies.

eToro launches AI assistant Tori and public API for traders

eToro Group Ltd. is launching new AI tools to improve social investing. They introduced Tori, an AI assistant, and a public API. These tools give regular traders access to features previously only for hedge funds. Popular Investors will get the tools first, allowing them to create AI-powered strategies. eToro also launched seven AI-driven Alpha Portfolios.

eToro uses AI to change social investing for traders

eToro is using AI to change social investing, giving traders new tools and insights. The company's new AI tools and public API allow users to create custom apps and automate trading. eToro is also launching Tori, an AI assistant, to help users understand investing. Additionally, they are introducing Alpha Portfolios, which use AI for investment strategies.

Colorado governor wants to delay AI law implementation

Colorado Governor Jared Polis called a special session to discuss delaying the state's AI law until 2027. The Artificial Intelligence Act, signed in 2024, regulates AI systems in areas like hiring and lending. Polis wants to clarify the law's definitions and ease compliance. Tech companies like Amazon and Google oppose the law, while Microsoft and IBM support it.

Colorado governor calls special session over budget, AI law

Colorado Governor Jared Polis called a special legislative session for August 21. The session will address a budget shortfall and the state's artificial intelligence law. The budget gap is due to changes in the federal tax code. Polis also wants to change or delay the AI law, which tech companies worry will hurt innovation.

Many employees use banned AI tools at work, survey says

A survey by Anagram found that nearly half of employees are using banned AI tools at work. About 58 percent admitted to putting sensitive data into AI models like ChatGPT. This raises cybersecurity and compliance risks for companies. Experts say employers need to train employees and set clear AI rules.

These jobs are most at risk from AI

Google is developing artificial general intelligence (AGI) that could do real-world tasks like humans. A report suggests that jobs involving knowledge work, like computer and office jobs, are most at risk. Sales jobs that mainly involve giving information could also be replaced by AI. However, AI will also create new jobs to manage and support it.

Kolon Benit launches AI sales team for business adoption

Kolon Benit, an IT service company, has created an AI sales team. This team will help companies use artificial intelligence (AI) solutions. The team includes experienced sales people trained in AI technologies. They will help clients understand AI's potential and find the right AI solutions for their needs.

SoftBank's Vision Fund focuses on AI for growth

SoftBank's Vision Fund is now focusing on AI investments after earlier losses. They are investing in AI infrastructure and technologies. Key investments include a $22.5 billion stake in OpenAI and the $500 billion Stargate Project. In 2025, the fund reported a $4.94 billion net gain, showing improved risk management and a focus on AI.

Sysdig uses AI to improve cloud security

Sysdig is introducing Agentic AI to improve cloud security. Their new tool, Sysdig Sage, acts like a teammate to help security teams. It understands the cloud environment and suggests actions to fix problems. Sage helps security and development teams work together to reduce risks.

Layoffs spike with almost half linked to AI

Layoffs in July increased by 140 percent, with almost half connected to AI and technological updates. Employers in the U.S. announced 62,075 job cuts last month. About 49% of these cuts were related to AI and technological updates. Federal budget cuts are also impacting jobs, especially in government and healthcare.

Sonatype protects open source software with supply chain security

Sonatype is focused on securing open source software supply chains. They help companies manage risks like vulnerabilities and malware in open-source code. Their platform provides visibility and control over software components. Sonatype's system tracks over 65 million software vulnerabilities, helping companies defend against cyber threats.

AI coding startups face high costs, low profits

AI coding startups are facing challenges with high costs and low profits. These startups rely on expensive large language models (LLMs). Competition from companies like Anysphere's Cursor and GitHub Copilot adds pressure. Some startups are trying to build their own models to cut costs, but this is also expensive.