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Former CIA officers launch AI startups against backdrop of $1.5 trillion defense budget
Former CIA intelligence officers are stepping out of the shadows to found defense-tech startups, looking to tap a $338 billion market amid rising US military spending.
Merlin prepares autonomous C-130J for new tests and lists on Nasdaq
Merlin's CEO spoke about the company's two main milestones: the autonomous C-130J program has moved to the next stage of development, and the company itself has begun trading on Nasdaq.
How the Pentagon pulled Silicon Valley into AI warfare: the story of Project Maven
An excerpt from the book "Project Maven" explains how the US enlisted Silicon Valley to build AI target-recognition systems — and how those technologies are already being used in Iran.
Meta suspended part of its cable project in Africa amid the conflict with Iran
The conflict around Iran is already affecting AI funding and infrastructure: Meta has frozen part of its cable project in Africa, Adobe is preparing for a CEO change, and SpaceX may enter the S&P index faster.
Workforce shortage threatens the revival of the US chip industry
The US semiconductor industry faces a severe workforce shortage that could slow ambitious plans to restore domestic chip production.
Anduril doubles valuation to $61 billion in funding from A16z and Thrive Capital
Defense startup Anduril doubled its valuation to $61 billion, raising $5 billion from Thrive Capital and Andreessen Horowitz. The funds will go toward manufacturing, research, and infrastructure.
Robot instead of soldier: Hyundai to help South Korea address troop shortages
South Korea is proposing that Hyundai deploy robots on the front line to offset a chronic shortage of military personnel caused by low birth rates and an aging population.
AST SpaceMobile rises thanks to an online investor community
The SpaceX rival is sustaining its stock growth through the online community 'SpaceMob' — a phenomenon that shows the impact of coordinated online movements on the financial market.
Startup Monk pays a year's rent for advice on hiring a good engineer
AI startup Monk is using an unusual way to attract talent — paying a year's rent for useful advice on hiring engineers amid intense competition for specialists.
Linkerbot prepares for a Hong Kong IPO: rise of the Chinese robot-arm maker
Startup Linkerbot, which develops high-precision robotic arms for industry and logistics, is considering a listing on the Hong Kong stock exchange, insiders say.
Pentagon signs $500 million contract with Meta-backed Scale AI
The Pentagon has selected Meta-backed Scale AI to analyze data and support decision-making in the armed forces under a $500 million contract. *Meta is designated an extremist organization and banned in Russia.
Court dismisses Musk's lawsuit against Altman over OpenAI mission violation
Federal jury rejected Musk's lawsuit against OpenAI and Altman, ruling that Tesla's founder waited too long to pursue legal action.
Francisco Partners raises record $18 billion despite M&A crisis
Tech fund Francisco Partners raised record $18 billion for two new funds, proving that investors were not deterred by the downturn in the private capital market.
Software Stocks Decline: Investors Prepare for Further Falls Amid AI Threats
Recent software stock gains have reversed; traders forecast further losses due to concerns over artificial intelligence revolution.
Balderton Capital: UK will soon have its first £100bn company
James Wise of Balderton Capital is convinced: the British market has matured for a '£100bn tech company'—but only if the state and investors begin working together.
Kioxia Surpasses Toyota to Become Japan's Most Valuable Company on AI Boom Wave
Kioxia Holdings, a memory chip manufacturer, has displaced Toyota from the top of the Japanese market — for the first time in history, a technology company has surpassed an industrial giant by market capitalization.
Hong Kong Posts Five-Year IPO High as AI Frenzy Outweighs a Sluggish Market
In the first half of 2026, share offerings on the Hong Kong exchange hit a five-year high, driven by investor enthusiasm for artificial intelligence.
Columbia Threadneedle: Tech Stocks to Keep Rallying as AI Spending Accelerates
Columbia Threadneedle analysts expect the tech sector to keep rising for at least two more quarters, as AI infrastructure spending outpaces the last two years.
Columbia Threadneedle: Rising AI Spending Will Keep Fueling Tech Stocks
Columbia Threadneedle portfolio manager Tiffany Wade says the AI spending boom is accelerating and will keep tech stocks rising for at least two more quarters.
Citi and BlackRock: How Financial Giants Are Building Digital Asset Infrastructure
Citi's Shahmir Khaliq and BlackRock's Robert Mitchnick told Bloomberg Crypto about tokenization, institutional crypto and the blurring line between TradFi and DeFi.
Google Home Speaker with deep Gemini integration goes on sale for $100
Google has launched the $100 Home Speaker smart speaker with deep Gemini AI integration — the device went on sale on June 25 and directly competes with Amazon Echo.
Principal Mineral Buys PCB Component Maker From Cerberus Portfolio
Principal Mineral is acquiring a Cerberus Capital-backed maker of printed circuit board components, a key part in cars, aircraft and AI servers.
OpenAI Is Hiring a Head of Power Trading for Its Data Centers
OpenAI has posted a job opening for a head of power trading to manage the growing electricity demand of the data centers that run ChatGPT and the company's other AI models.
Google sells AI-powered HR filters, but its own researchers don't trust them
Alphabet AI researchers have warned job seekers that AI resume filters are unreliable, even as Google sells similar tools to corporate clients.
Who Runs the AI Boom: Economist Jason Furman on Regulation, Markets, and Morality
Economist Jason Furman told Bloomberg that AI risks, from bioweapons to unemployment, don't all call for the same fix, and that the central debate will ultimately be a moral one.
Moonshot Is Using 20,000 Nvidia Chips From Alibaba to Train Its Kimi Model
Chinese AI startup Moonshot has leased a cluster of about 20,000 Nvidia chips from Alibaba to develop Kimi, despite US export restrictions on high-performance accelerators.
Meta Stock Falls After Earnings as Investors Doubt Payoff From Zuckerberg's AI Spending
Meta's quarterly report came with a disappointing revenue forecast. Shares slid, and Mark Zuckerberg now faces investors demanding to know when AI spending will start paying off.
Samsung and SK Hynix Post Record Profits on AI Memory, but Their Shares Keep Falling
Samsung and SK Hynix set profit records in a roughly $1 trillion global memory industry, yet the share selloff continued as the market doubts how durable AI demand is.
Uber cuts 10% of customer support jobs, citing AI rollout
Uber has cut 10% of jobs in its customer support division, saying the move simplifies its structure and shifts work to artificial intelligence.
OpenAI Models Breached Hugging Face's Internal Systems in Hours Instead of Weeks
Advanced OpenAI models breached Hugging Face's internal systems in a matter of hours, an attack that would have taken a human weeks, Bloomberg Tech reports, citing sources.