Tools & Platforms
Chinese Premier Li Qiang takes aim at AI ‘monopoly’ as U.S. effort quickens
China will spearhead the creation of an international organization to jointly develop AI, the country’s premier said, seeking to ensure that world-changing technology doesn’t become the province of just a few nations or companies.
Artificial intelligence harbors risks from widespread job losses to economic upheaval that require nations to work together to address, Premier Li Qiang told the World Artificial Intelligence Conference in Shanghai on Saturday. That means more international exchanges, Beijing’s No. 2 official said during China’s most important annual technology summit.
Li didn’t name any countries in his short address to kick off the event. But Chinese executives and officials have taken aim at Washington’s efforts to curtail the Asian country’s tech sector, including by slapping restrictions on the export of Nvidia chips crucial to AI development. On Saturday, Li acknowledged a shortage of semiconductors was a major bottleneck, but reaffirmed President Xi Jinping’s call to establish policies to propel Beijing’s ambitions. The government will now help create a body — loosely translated as the World AI Cooperation Organization — through which countries can share insights and talent.
Marvell Technology (MRVL) shares crashed 18.60% on Friday after the company issued a weaker-than-expected forecast for the third quarter. The sharp decline came despite second-quarter results showing strong growth in revenue, steady profits, and earnings in line with expectations. However, investors focused on the outlook rather than the recent gains, which led to a selloff in the stock.
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On Thursday evening, Marvell Technology reported adjusted earnings of $0.67 per share, matching The Street’s estimates. Revenue reached $2.006 billion, slightly below the $2.01 billion consensus. Even with this small gap, total revenue rose 58% from the same quarter last year. The company’s data center unit led the surge, with sales up 69% to $1.49 billion, and it now accounts for nearly three-quarters of Marvell Technology’s overall business.
Weak Forecast Weighs on Analysts’ View
However, the company’s guidance for the third quarter shifted the market’s focus. Marvell Technology projected revenue of $2.06 billion, give or take 5%. That figure came in below the Street’s $2.11 billion target. Executives said data center sales will stay flat in the coming quarter before improving toward year’s end. In the meantime, analysts noted that investors have grown used to upbeat reports from companies tied to artificial intelligence, so the lower outlook stood out.
During the earnings call, Chief Executive Matt Murphy said demand for custom silicon and electro-optics products remains strong, with more than 50 new AI design projects underway. Yet he acknowledged that timing around new deployments will affect near-term results.
After the release, several banks adjusted their stance. Bank of America’s five-star analyst Vivek Arya cut his rating on Marvell Technology to Neutral from Buy and reduced its price target to $78 from $90. UBS’s top analyst Quinn Bolton reduced his target to $80 from $85, retaining a Buy rating. Morgan Stanley five-star analyst Joseph Moore also dropped his target to $76 from $80 and a Hold position. Many of these cuts reflected caution around the pace of major cloud projects, including Microsoft’s (MSFT) Maia accelerator and Amazon’s (AMZN) next-generation chips.
Stock Levels and Market View
Marvell Technology shares have now fallen more than 40% in 2025 and trade about 50% below their January high of $126.06. Despite the weak forecast, the company posted $461.6 million in operating cash flow and kept gross margins at 59.4%. Investors will look to the fourth quarter and beyond for signs that key AI partnerships with Amazon and Microsoft can deliver stronger growth.
Is Marvell Stock a Buy?
Despite the stock’s crash on Friday, Marvell Technology continues to boast a Strong Buy consensus among analysts. The average MRVL stock price target stands at $88.52, implying a 40.81% upside from the current price.
Meta is exploring the use of AI models from Google and OpenAI to enhance its apps while advancing its own Llama AI technology.
Meta is reportedly exploring the use of artificial intelligence models developed by competitors, including Google and OpenAI, to improve AI features across its platforms. According to a report by The Information, executives at the Meta Superintelligence Lab have considered integrating Google’s Gemini model into the company’s Meta AI chatbot. The move would enable Meta to offer a more robust, conversational text-based solution for answering user search queries.
The report also indicated that Meta has held discussions about incorporating OpenAI’s technology into Meta AI and its other AI-powered features. These potential collaborations highlight Meta’s effort to strengthen its AI capabilities while continuing to develop its own large language model, Llama.
Strategic partnerships as a temporary measure
A Meta spokesperson stated that the company is taking an “all-of-the-above approach to building the best AI products,” which includes both building in-house solutions and partnering with external organisations. The report noted that while Meta is exploring external technology, the company’s primary goal is to refine and advance its own AI systems. Leveraging competitor models would only be a temporary measure to accelerate innovation and keep pace with rivals in the rapidly evolving AI market.
Meta’s interest in adopting external AI tools comes at a time when competition in generative AI development is intensifying. By accessing technologies from industry leaders such as Google and OpenAI, Meta aims to enhance user experiences on its apps while gaining insights that can help strengthen future iterations of Llama.
Internal AI adoption and recruitment efforts
The Information reported that Meta employees are already using Anthropic’s AI models to support the company’s internal coding assistant. This indicates that Meta has been integrating third-party AI solutions internally even as it invests heavily in its own research and development.
Additionally, Meta has been actively recruiting AI researchers from Google and OpenAI to enhance expertise at its Superintelligence Lab. These recruitment efforts reportedly include highly competitive compensation packages designed to attract top talent from across the AI sector.
As Meta continues to refine its AI strategy, the company’s willingness to work with external partners shows its commitment to creating cutting-edge products. The temporary reliance on competitor models could help Meta accelerate development and maintain a strong position in the AI race.
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