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👋 Welcome! Today, we’re covering range of topics from Perplexity’s new project to how AI is disrupting the healthcare and medicine. Get ready for a full spectrum of insights that will keep you informed and engaged!

Perplexity introduces workflow automation – Perplexity has launched "Perplexity Labs," a new feature for its $20/month Pro subscribers, enabling the generation of reports, spreadsheets, dashboards, and interactive web apps. Perplexity Labs exemplifies the growing trend of AI-powered tools enhancing productivity by automating complex tasks, potentially transforming how professionals handle data and reporting.

Meta automates content risk reviews – Meta is set to automate up to 90% of its content risk assessments using AI, aiming to streamline feature deployments across its platforms. While increasing efficiency, this move raises concerns about the adequacy of AI in handling nuanced content moderation.

Anthropic's revenue milestone signals AI growth – AI firm Anthropic reaches $3 billion in annualized revenue, showcasing the escalating demand for generative AI solutions in business sectors. The financial success underscores the rapid integration of AI technologies into mainstream business operations.

Google empowers offline AI usage – Google's AI Edge Gallery app enables users to run AI models directly on their smartphones without internet access, enhancing privacy and accessibility. This development democratizes AI usage, making advanced features available even in areas with limited connectivity.

Labor department to suspend Job Corps centers – The U.S. Department of Labor announced plans to suspend operations at contractor-run Job Corps centers nationwide by June 30, 2025. The program, costing taxpayers over $1.7 billion per year, has also been linked to numerous safety incidents, including reports of violence and drug use. The suspension aims to reassess the program's effectiveness and align it with modern workforce development goals.

U.S. jobless claims rise – In the week ending May 24, 2025, initial jobless claims in the U.S. increased by 14,000 to a seasonally adjusted 240,000 exceeding economists' forecasts of 230,000. This marks the highest level in a month and suggests a modest softening in the labor market. The uptick is attributed to factors such as recent tariffs and economic uncertainties impacting employment.

Gen Z woman's strategy for landing her dream job – Hali Jama, a 22-year-old graduate, has gone viral after sharing the interview techniques that helped her secure her dream job. Her approach, emphasizing authenticity and thorough preparation, resonated with many young professionals navigating the job market. Jama's story highlights the evolving strategies Gen Z employs to stand out in competitive employment landscapes.

US strong against debt – Treasury Secretary Scott Bessent affirmed that the United States will "never default" on its debt obligations, even as Congress approaches a critical deadline to raise the federal debt ceiling. Bessent emphasized that the administration's budget, despite projections of increasing the deficit by $3 trillion over the next decade, aims to spur economic growth and reduce the deficit through new import tariffs and other measures.

Indian tech fund aims to emulate 1990s silicon valley growth – Panvira, a new India-based tech-focused hedge fund, is set to launch in January 2026 with plans to raise $200 million in foreign capital. The fund aims to invest in India's burgeoning public tech sector, drawing parallels to the growth seen in 1990s Silicon Valley and 2000s China. This launch signifies renewed foreign interest in India's tech sector, potentially offering Gen Z and millennial investors new avenues for growth in emerging markets.

Trump doubles steel and aluminum tariffs to 50% – President Donald Trump announced plans to double tariffs on steel and aluminum imports from 25% to 50%, effective June 4. The move aims to bolster the domestic steel industry but has drawn criticism from economists, U.S. businesses, and international leaders. The tariff hike may lead to higher consumer prices and strain international trade relations, potentially impacting global economic stability.

Chalk – $50M Series A

A San Francisco-based Chalk raised $50 million in a Series A round led by Felicis Ventures. The company specializes in real-time data processing, enabling enterprises to integrate proprietary data into AI models for swift decision-making. Clients include fintech firm MoneyLion and solar company Sunrun.

Rillet – $25M Series A

New York-based Rillet, an AI-powered enterprise resource planning (ERP) platform, raised $25 million in a Series A round led by Sequoia Capital. The platform uses machine learning to automate accounting workflows for mid-market companies, integrating with financial apps like Salesforce and Stripe.

ProteinQure – $11M Series A

Toronto-based ProteinQure, a biotech startup utilizing AI for drug discovery, raised $11 million in a Series A round led by Heron Rock Fund. The company focuses on designing peptide-based therapeutics targeting cancer and rare diseases.

Artificial intelligence is increasingly integral to modern healthcare, offering advancements in diagnostics, treatment personalization, and administrative efficiency. A breakthrough study recently introduced an AI test for prostate cancer that can predict which men with high-risk, non-metastatic prostate cancer will benefit from treatment with abiraterone—helping reduce unnecessary interventions and side effects.

In India, a leading hospital has deployed AI-powered diagnostic equipment that enhances interpretation of imaging results and helps in early detection of diseases like tuberculosis and pneumonia. These systems are also being studied as models for broader deployment in rural and underserved areas.

Closer to home, AI is being used to automate clinical documentation. Doctors across the U.S. are now using “ambient listening” AI scribes that record and summarize patient visits, significantly reducing time spent on paperwork and allowing physicians to focus more directly on care.

But the growing use of AI in healthcare isn't without controversy. The White House recently released a document—intended to defend anti-vaccine activist RFK Jr.—that was riddled with fabricated citations and nonsensical text. The document, known as the “MAHA Report,” was apparently written using generative AI and raised red flags about AI’s reliability in public health communications.

Beyond misinformation risks, critics are also concerned about over-automation. Delegating medical records, triage, and even diagnoses to AI could jeopardize patient safety and privacy, especially if oversight or ethical frameworks fall behind.

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