Billion-Dollar Bids, Breakthroughs & Backlash – AI News Roundup (Aug 18–19, 2025)
Arm Holdings hired Amazon AI chip engineer Rami Sinno to lead its in-house AI chip project. SoftBank invested $2 billion in Intel, backed a $30 billion OpenAI deal, and funded the Stargate AI data center in Ohio. OpenAI launched ChatGPT Go in India at ₹399 per month with higher usage limits. Perplexity AI made a $34.5 billion cash bid for Google Chrome, which Google reportedly rejected.