This Week's Top Five Stories in AI
NVIDIA's Cosmos 3: The World's First Fully Open AI Omnimodel
NVIDIA has released Cosmos 3 – an open world foundation model designed for physical AI applications.
The model uses a mixture-of-transformers architecture that integrates vision reasoning, world generation and action prediction within one system.
According to NVIDIA, Cosmos 3 is the world's first fully open omnimodel and the system can process and create text, images, video, ambient sound and actions with what the company describes as leading physics accuracy, which could reduce physical AI training times.
NHS England Taps Microsoft 365 Copilot to Cut Admin Burden
NHS England is deploying Microsoft 365 Copilot at scale to give more than half a million clinicians and support staff a digital assistant that reduces paperwork and costs while improving capacity.
The rollout, according to NHS England and the UK Government, is designed to free up time for direct patient care by streamlining routine tasks across the health service.
Preet Kaur Gill, Health Innovation and Safety Minister, says: “Technology should support our NHS staff, not slow them down.
“Every day, doctors, nurses and other healthcare professionals spend valuable time on administrative tasks that take them away from patients.
“By rolling out Microsoft Copilot across the NHS, we can reduce that burden, free up clinicians’ time and help staff focus on what they do best, caring for patients.”
NVIDIA Chief Says AI is Boom Time For Software Firms
NVIDIA’s Jensen Huang used his Computex keynote to push back on fears that AI will make software businesses obsolete. He argues this is an “incredible time” to build software that AI agents can use.
He says: “A lot of people have said: ‘Jensen, AI is coming. Agentic AI is coming. Therefore, all of the software companies are going to go out of business.’ I said it is exactly the opposite.
“This is actually an incredible time to be a software company, but the software has to be presented to the agent in a way that the agent can use it.”
Jensen speaks to a long-running concern in tech that Gen AI will erode the traditional software-as-a-service model used by companies such as Salesforce and Workday.
JPMorgan to Hire More AI Staff and Fewer Bankers
Jamie Dimon, CEO of JPMorgan Chase, has set out the clearest picture yet of how AI will reshape the workforce of the largest bank in the US.
“There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive,” Jamie said in a Bloomberg Television interview at the bank’s China Summit in Shanghai, aired on 21 May.
The bank employs more than 300,000 people and uses AI across risk, marketing, and coding. Jamie called that “the tip of the iceberg”.
He was equally direct about the destination AI is headed: “I think it will reduce our jobs down the road.”
The second half of 2026 anticipates a wave of historic IPOs from pure-play Gen AI behemoths that could see valuations climb past the trillion-dollar mark.
Both OpenAI and Anthropic aim to captivate the investors, moving from tech laboratories to Wall Street, as they look to secure massive public funding this year.
Perplexity, on the other hand, is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI.
The AI firm’s CEO, Aravind Srinivas, told CNBC that the company is sticking to its original plan but there is no sugar coating the ripple effects if these initial public offerings fail to perform well.
Aravind notes: “I think it's important for the AI industry that these IPOs go well, and I actually think they will go well, because they’re doing well.”
