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Former CIA officers launch AI startups as the defense budget heads toward $1.5 trillion
Ex-CIA operatives are leaving the shadows to found defense tech startups, aiming at a $338 billion market as the US military budget grows.
Merlin readies autonomous C-130J for next phase of testing and lists on Nasdaq
Merlin's chief described two milestones: the autonomous C-130J program has moved to its next development stage, and the company has begun trading on Nasdaq.
How the Pentagon Hooked Silicon Valley on AI Warfare: The Story of Project Maven
An excerpt from the book "Project Maven" describes how the US enlisted Silicon Valley to build AI target-recognition systems, and how the technology is now being used in Iran.
Meta pauses part of its Africa cable project amid Iran conflict
The Iran conflict is already hitting AI money and infrastructure: Meta froze part of a cable project in Africa, Adobe is heading for a CEO change, and SpaceX could join the S&P index faster.
Talent Shortage Threatens the Revival of the US Chip Industry
The US semiconductor industry faces an acute shortage of skilled workers, which could slow ambitious plans to rebuild domestic chip manufacturing.
Anduril doubles its valuation to $61 billion with funding from a16z and Thrive Capital
Defense startup Anduril has doubled its valuation to $61 billion after raising $5 billion from Thrive Capital and Andreessen Horowitz. The money will go to manufacturing, research and infrastructure.
Robots instead of soldiers: Hyundai to help South Korea tackle its troop shortage
South Korea wants Hyundai to deploy robots on the front line to offset a chronic troop shortage caused by low birth rates and an aging population.
AST SpaceMobile Rides a Wave of Online Retail Investors
SpaceX rival AST SpaceMobile is getting a boost from 'SpaceMob', an online community that shows how coordinated internet movements can sway financial markets.
AI Startup Monk Will Pay a Year's Rent for Advice on Hiring a Good Engineer
AI startup Monk has an unusual pitch for talent: it will pay a year's rent for a useful tip on hiring engineers as competition for specialists heats up.
Linkerbot Prepares Hong Kong IPO as Chinese Robotic Hand Maker Takes Off
Linkerbot, a startup building high-precision robotic hands for manufacturing and logistics, is considering a listing on the Hong Kong stock exchange, according to insiders.
Pentagon awards $500 million contract to Meta-backed Scale AI
The Pentagon has picked Meta-backed Scale AI for data analysis and decision support in the armed forces under a $500 million contract. *Meta is designated an extremist organization and banned in Russia.
Jury rejects Musk's lawsuit against Altman over OpenAI's mission
A federal jury rejected Musk's claims against Altman and OpenAI, finding that the Tesla founder waited too long to sue.
Francisco Partners raises a record $18 billion despite the M&A slump
Tech-focused investor Francisco Partners raised a record $18 billion for two new funds, a sign that the private capital downturn hasn't scared investors off.
Software stocks pull back as investors brace for more losses over AI threat
A recent rally in software stocks has reversed, and traders expect further losses on fears about the AI revolution.
Balderton Capital: the UK Is Close to Producing Its First £100bn Tech Company
Balderton Capital's James Wise says the British market is ready for a tech "centenary" company, but only if government and investors start acting together.
Kioxia overtakes Toyota to become Japan's most valuable company on the AI boom
Memory chipmaker Kioxia Holdings has knocked Toyota off the top of Japan's market, the first time a tech company has topped the industrial giant by market cap.
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 with deep Gemini AI integration. It went on sale June 25 and competes directly 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.