A new paper from General Reasoning finds that leading AI models, including Anthropic's Claude Opus, OpenAI's GPT, and Google's Gemini, all lost money when tasked with betting on a full season of soccer matches. Each system started with a £100,000 bankroll and ended with significant deficits, some wiping out entirely. The authors say the results expose a gap between hype‑driven claims of AI automation and real‑world performance on long‑term, dynamic tasks. Read more →

Black Forest Labs, a 70‑person AI image‑generation firm based in Germany’s Black Forest, raised a $3.25 billion‑valued round in December and recently inked a $140 million multiyear agreement with Meta. The company’s latent‑diffusion models, praised for efficiency and quality, now power features in Adobe, Canva and other major platforms. After a brief partnership with Elon Musk’s xAI, the startup has turned its attention to physical AI, planning to launch a robot later this year and courting hardware makers for smart‑glass and robotics applications. Read more →