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5d ago 2:55

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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Private equity dealmaking in the aerospace and defense sector saw a significant 32% decline in Q2, according to PitchBook. This drop is attributed to tariffs and broader geopolitical uncertainty, leading to a surprising slowdown in defense dealmaking. Despite this, the overall outlook for the industry remains positive, with expectations for activity to rebound in the second half of 2025. There is still strong interest from venture capital and private equity firms in the space, with many exciting new technologies being funded and a healthy pipeline of startups. The recent decline is seen as a temporary pause rather than a crisis, with ongoing support for defense spending expected to drive future deals.Deepseek, a Chinese AI startup, has released a new model that rivals OpenAI's GPT-5 at a fraction of the cost. This model, called v3.1, is strategically priced to undercut its competitors and features innovations that make it cheaper to run and more versatile for developers. Google has also made strides in efficiency with its Gemini AI, claiming a 33x reduction in energy use and a 44x decrease in carbon emissions over 12 months. This progress is part of Google's broader effort to improve data center efficiency and drive industry-wide progress toward more sustainable AI. Palantir Technologies experienced a rollercoaster year on Wall Street, becoming the top-performing stock in the S&P 500 before plummeting over 17% in recent days due to criticism from short-sellers. The company's dramatic stock moves highlight the tension between market euphoria and valuation reality in the tech industry.Former Siemens and Alcoa CEO Klaus Kleinfeld believes in the idea of work-life integration, stating that "you are one person." In his book "Leading to Thrive," Kleinfeld emphasizes the importance of personal energy, focus, and resilience in leadership. He rejects the notion of work-life separation, advocating for individuals to pursue what excites them and make decisions that lead to happiness. Kleinfeld's perspective challenges traditional ideas about work-life balance and emphasizes the interconnectedness of all aspects of life. Meanwhile, the world awaits Federal Reserve Chair Jerome Powell's keynote address at Jackson Hole, with speculation about potential interest rate cuts and Powell's plans after his term expires.In other news, Nvidia faces challenges in China over its H20 chip, the U.S. halts worker visas for commercial truck drivers, Chinese AI startup Deepseek releases an updated model, and Eric Trump and Donald Trump Jr. are involved in a crypto business venture. Market updates show mixed performance in global markets, with Bitcoin experiencing a slump. The watercooler section covers topics such as wage growth for bartenders and baristas surpassing desk workers, an unlikely alliance between Bernie Sanders and Donald Trump over chipmaker subsidies, Trump's bond buying spree, and Steve Jobs' path to becoming a billionaire through a film company acquisition.

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