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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.
Jefferies: the market is only entering the AI transformation, while tech is already lifting the S&P 500
Lori Goodman of Jefferies says the market is only entering the main phase of the AI transformation: technology stocks are already lifting the S&P 500, but private markets are still under pressure.
Baidu turns smart speakers into a voice remote for the OpenClaw AI agent
Chinese tech giant Baidu is betting on the viral AI agent OpenClaw: smart speakers are becoming a voice interface for controlling the agent in everyday life.
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.
Blackwater founder's Swarmer goes public; funds to hire marine drone engineers
Eric Prince, founder of Blackwater, has taken Swarmer public — a startup with combat experience in managing drone swarms. The proceeds will go toward hiring engineers for its marine unmanned systems division.
Uber and Motional relaunch robotaxis in Las Vegas and intensify their push into autonomous transport
Uber, together with Hyundai-backed Motional, is relaunching robotaxis in Las Vegas, turning its app into a showcase for a growing number of autonomous rides.
Tencent takes the initiative from Alibaba in China's AI agent race
Tencent has accelerated the rollout of the QClaw and WorkBuddy AI agents and is preparing integration into WeChat, seeking to take the lead from Alibaba in China's new wave of agentic AI.
Apple unveils AirPods Max 2 for $549 with live translation and enhanced noise cancellation
Apple has updated its over-ear AirPods Max: the second-generation $549 model adds live translation, stronger noise cancellation, and several features previously limited to AirPods Pro.
Micron to raise capex as memory chip sales for AI data centers hit records
U.S. memory chip maker Micron beat forecasts and said it is ready to sharply increase capital spending amid frenzied demand from AI data centers.
JPMorgan puts Qualtrics' $5.3 billion debt deal on hold over AI concerns
Banks led by JPMorgan halted Qualtrics' $5.3 billion debt placement after investors failed to back the deal amid growing concerns that AI is changing the software market's risk profile.
Morgan Stanley: defaults in private credit are increasingly hitting software companies
Morgan Stanley is recording a rise in private credit defaults among software companies: a market long seen as resilient thanks to subscription revenue has started to crack under pressure from the AI shift.
DayOne seeks to increase its loan to a record $7 billion for data centers in Asia
DayOne Data Centers is discussing increasing its existing loan to $7 billion — if the deal goes through, it would be the largest loan in Asia's data center sector.
Wall Street debates whether the AI boom will become a new goldmine or a dangerous bubble
AI already writes code, edits contracts, and builds marketing campaigns, but Wall Street is increasingly questioning whether multibillion-dollar investments in models, chips, and data centers will pay off.
IBM CEO: $11 billion Confluent deal is complete, and AI is not cutting headcount
Arvind Krishna said IBM has closed its $11 billion acquisition of Confluent, and that the development of AI is helping the business grow and so far is not leading to net workforce reductions.
Alibaba raised prices for AI computing and data storage by up to 34% amid demand
Alibaba raised prices for AI computing and data storage services by up to 34%, saying the decision was driven by a sharp rise in demand and higher infrastructure costs, which will hit corporate clients' budgets.
Alibaba targets $100 billion in AI and cloud as Tencent leads
Alibaba wants to generate $100 billion in revenue from cloud and AI over five years, but the first wave of consumer demand for agentic services in China has already given Tencent an early advantage.
Silicon Valley faces an AI PR crisis amid growing distrust in the US
US AI companies are facing not only a race over models, but also a crisis of trust: people are alarmed by layoffs, opaque systems, and the rising cost of data centers.
Meta offers stock options to top executives for the first time since its 2012 IPO amid the AI race
For the first time since going public in 2012, Meta is offering stock options to top executives as it tries to retain its core team while spending on AI development keeps rising.
Why AI Won’t Be the End of Hollywood: Bloomberg Sees a Cautious Opportunity for the Industry
A Bloomberg Opinion columnist argues that generative AI is painfully reshaping Hollywood, but will not destroy it: studios are more likely to integrate new tools into production than replace people entirely.
Martha Gimbel: Why the AI revolution may repeat the logic of the industrial age
Martha Gimbel, director of the Yale Budget Lab, argues that AI’s impact should be assessed not only through the labor market and corporate revenue, but also through the experience of the Industrial Revolution as captured
SK Hynix to invest nearly $8 billion in ASML EUV tools for next-generation memory
SK Hynix plans to invest 11.9 trillion won in advanced ASML EUV scanners to speed up production of next-generation memory amid rising demand from AI servers.
Arm will start selling its own chips, and Meta will be one of the first major customers
Arm is entering the market for its own chips for the first time instead of only licensing its architecture, and Meta is becoming one of the first major customers for the new AGI CPU.
Amazon expands Zoox service: robotaxi launch planned in Austin and Miami
Zoox, Amazon's robotaxi unit, is preparing to enter Austin and Miami while expanding operations in Las Vegas and San Francisco and accelerating the service's scale-up.
Congressman Suhas Subramanyam calls for AI data center construction to be spread across the US
As Bernie Sanders and Alexandria Ocasio-Cortez move to freeze new AI data centers, the Virginia congressman is proposing not a ban but a more even distribution across the country.
Anduril starts production of Fury unmanned fighter jets at new Ohio plant
Anduril has begun producing Fury unmanned fighter jets at the Arsenal-1 plant in Ohio: the first aircraft are expected to roll off the line in summer 2026, after which the company wants to ramp up output quickly.
Moonshot AI considers Hong Kong listing amid boom in AI company stocks
Moonshot AI has begun a preliminary assessment of an IPO in Hong Kong, aiming to benefit from growing demand for shares of AI-related companies.
U.S. Army selects Carlyle and CyrusOne to build AI data centers on bases
The U.S. Army has conditionally selected Carlyle and CyrusOne to build hyperscale data centers on bases in Texas and Utah to quickly gain new AI capacity without upfront budget costs.
NextEra Energy CEO John Ketchum: AI power demand is reshaping the market and dealmaking
At CERAWeek, NextEra Energy CEO John Ketchum discussed how the growth of data centers and AI is accelerating electricity demand and why this is opening up new investment and M&A opportunities in the energy sector.
DeepRoute.ai explores Hong Kong IPO amid new wave of Chinese tech listings
China's DeepRoute.ai is considering a Hong Kong listing — this could become another tech company IPO in the Asian hub and a sign of renewed momentum in the autonomous transport market.
Meta cuts several hundred employees amid record AI investment
Meta is carrying out layoffs affecting several hundred people in sales, recruiting, and Reality Labs while ramping up record AI spending and reshaping the company’s priorities.