Sign Up
Logo
Log In
Home
Newsletters
Podcast
Water Cooler
chart-line-up
Get our free daily news briefing for Canadians

Race for AI supremacy speeds up

May 26, 2025

Race for AI supremacy speeds up

If you blinked last week, you may have missed a flurry of major AI developments.

What happened: Tech giants unleashed a blizzard of updates and announcements last week in the race to create the next big thing in the AI space.

  • OpenAI announced it was buying famed Apple designer Jony Ive’s startup for US$6.5 billion, reportedly part of a plan to ship a new line of pocket-sized AI “companions.”

  • Anthropic launched a new version of its Claude Opus model that it claimed was its most powerful yet, requiring new safety controls.

  • Google launched Veo 3, an advanced video generation model that can create extremely realistic videos.

  • Bloomberg reported that Apple is planning to launch AI-enabled smart glasses by 2026.

Why it matters: AI innovations are coming fast and furious, and could begin to reshape business, the economy, and culture faster than many anticipated. 

  • Ironically, software developers may be the canary in the coal mine when it comes to AI’s impact on the job market — entry-level programming jobs are increasingly being replaced by AI coding tools, making landing a job in tech more challenging.

Bottom line: With the largest companies in the world shovelling huge piles of cash into AI research and development, there’s a good chance the technology will continue to improve quickly.

Get the newsletter 160,000+ Canadians start their day with.

“Quickly became the only newsletter I open every morning. I like that I know what’s going on, but don’t feel shitty after I finish reading.” -Amy, reader since 2022

The Peak

Home

Peak Daily

Peak Money

About

Advertise

Contact

Search

Login

Reset Password

Sign Up