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British Army secures £2bn AI training contract to prepare soldiers for modern warfare

The Ministry of Defence has signed a £2bn contract to train British Army soldiers using artificial intelligence, advanced analytics and virtual environments. Up to 60,000 soldiers annually will train in what officials call a Combat Laboratory, designed to replicate the complexities of modern warfare. The 15-year deal creates 270 jobs in Wiltshire and supports 420 roles across the UK.

Technology2 sources

British Army secures £2bn AI training contract to prepare soldiers for modern warfare

Technology2 sources

AI race shifts from biggest models to cost efficiency as enterprises demand cheaper solutions

The AI industry is experiencing a fundamental shift as companies move away from simply chasing the most powerful models toward prioritizing cost efficiency and task-specific performance. Major players like OpenAI, Meta, and SpaceXAI are now competing on token efficiency and pricing, while open-source models gain traction with enterprises looking to control AI spending that has spiraled into millions monthly.

Business6 sources

AI race shifts from biggest models to cost efficiency as enterprises demand cheaper solutions

Business6 sources

Ed Markey's AI accountability agenda bundles a dozen bills to rein in Big Tech's AI harms

Massachusetts Senator Ed Markey has unveiled an AI accountability agenda bundling close to a dozen bills aimed at curbing Big Tech's unchecked AI expansion. The centerpiece requires federal certification for data centers before construction begins, while other measures target algorithmic bias, workplace surveillance, and child safety online. The push comes as the US lags years behind Europe on AI regulation.

Policy2 sources

Ed Markey's AI accountability agenda bundles a dozen bills to rein in Big Tech's AI harms

Policy2 sources

Italy's Postal Service Bids €13.5 Billion for Telecom Italia to Build AI Infrastructure

Poste Italiane, Italy's state-backed postal service, is making an unexpected move into the AI infrastructure race with a €13.5 billion bid for Telecom Italia. The company plans to transform its nationwide network of post offices and sorting centers into distributed computing hubs, positioning itself as a sovereign alternative to U.S. tech giants in Europe's push for digital independence.

Business2 sources

Italy's Postal Service Bids €13.5 Billion for Telecom Italia to Build AI Infrastructure

Business2 sources

MiniMax raises $2 billion as CEO forgoes salary until AGI amid 80% stock slump

Chinese AI company MiniMax closed a $2 billion fundraising round through discounted share placement and convertible bonds, even as its stock has lost 80% since March. CEO Yan Junjie pledged to forgo salary until the company achieves artificial general intelligence and give away 5% of his shares to employees and open-source projects.

Business5 sources

MiniMax raises $2 billion as CEO forgoes salary until AGI amid 80% stock slump

Business5 sources

Nvidia Stock Hits Cheapest Valuation Since 2019 After $1 Trillion Wipeout, But AI Chips Rally Looms

Nvidia has shed nearly $1 trillion in market value over two months, driving its forward P/E ratio to its lowest point since early 2019. Despite the steep correction, the company continues posting record revenue growth with Data Center sales reaching $75.2 billion. Wall Street analysts see the selloff as a buying opportunity, with Bank of America projecting $20 billion in new Vera CPU sales and maintaining a $350 price target.

Business4 sources

Nvidia Stock Hits Cheapest Valuation Since 2019 After $1 Trillion Wipeout, But AI Chips Rally Looms

Business4 sources

Microsoft's AI expansion drives carbon emissions up 25% as 2030 climate deadline approaches

Microsoft reported a 25% increase in carbon emissions during fiscal 2025, reaching 20.3 million metric tons as rapid AI infrastructure expansion collides with its pledge to become carbon-negative by 2030. The tech giant now faces mounting pressure to reconcile AI ambitions with environmental commitments, even as it claims progress on renewable energy and water replenishment targets.

Business9 sources

Microsoft's AI expansion drives carbon emissions up 25% as 2030 climate deadline approaches

Business9 sources

TeraWulf plans $3.5 billion debt raise to build Kentucky AI data center for Anthropic

TeraWulf is raising $3.5 billion in debt to construct a data center campus in Kentucky for Anthropic PBC, marking its first entry into the leveraged loan market. The former bitcoin miner has signed a 20-year lease agreement expected to generate $19 billion in revenue. This move signals a major shift from cryptocurrency mining to AI infrastructure development.

Business2 sources

TeraWulf plans $3.5 billion debt raise to build Kentucky AI data center for Anthropic

Business2 sources

Rackspace Technology stock plunges 29% despite Palantir AI partnership as guidance cuts spark sell-off

Rackspace Technology shares tumbled 29% after the company slashed its fiscal 2026 revenue forecast by $150 million and announced a dilutive $250 million equity offering. The cuts reflect a planned exit from lower-margin business lines and supply chain delays. Despite unveiling an aggressive enterprise AI expansion strategy and securing preferred partner status with Palantir Technologies, investors focused on near-term financial pressures and dilution concerns.

Business2 sources

Rackspace Technology stock plunges 29% despite Palantir AI partnership as guidance cuts spark sell-off

Business2 sources

Applied Materials stock soars as CEO sees years of AI-driven semiconductor demand ahead

Applied Materials shares surged after CEO Gary Dickerson revealed the company has tremendous visibility into customer demand for the next 24 months. Mizuho raised its price target to $650, projecting wafer fabrication equipment spending to reach $192 billion in 2027 as AI infrastructure growth accelerates across memory and foundry sectors.

Business2 sources

Applied Materials stock soars as CEO sees years of AI-driven semiconductor demand ahead

Business2 sources

Oracle becomes founding partner of IMSA Labs, launches AI-powered startup innovation studio

Oracle has partnered with the International Motor Sports Association to launch IMSA Labs, an innovation platform connecting motorsports with technology. The Oracle Cloud Innovation Studio will give startups access to live race operations and millions of telemetry events to develop and validate AI solutions in real-world conditions.

Technology2 sources

Oracle becomes founding partner of IMSA Labs, launches AI-powered startup innovation studio

Technology2 sources

Ollama raises $65M as open-source AI developer tool reaches 8.9M users across Fortune 500

Ollama, the popular open-source AI developer tool that simplifies running AI models locally, has secured $65 million in Series B funding led by Theory Ventures. The platform now serves 8.9 million developers monthly and is used by 85% of Fortune 500 companies. Founded by former Docker Desktop creators, Ollama has grown to $88 million in total funding with just 14 employees, betting that open AI models will dominate the industry.

Technology3 sources

Ollama raises $65M as open-source AI developer tool reaches 8.9M users across Fortune 500

Technology3 sources

Rocket One stock surges 21% after securing SpaceXAI API access for defense and space AI

Rocket One Inc. shares jumped 21% following its acceptance into the SpaceXAI API program, granting access to multimodal artificial intelligence models. The company plans to integrate these capabilities into its AI-first platform focused on defense technologies and space computing applications.

Business3 sources

Rocket One stock surges 21% after securing SpaceXAI API access for defense and space AI

Business3 sources

Big Tech targets Native American land for AI data centers as tribes weigh opportunity against risk

Tech companies are pushing to build AI data centers on tribal lands, drawn by sovereign authority that enables rapid permitting and access to water and power. The expansion has split Indigenous communities between those seeing economic opportunity and activists warning of data colonialism, water depletion, and grid strain. Honor the Earth is tracking over 100 proposed projects while the Seminole Nation became the first tribe to pass a data center moratorium.

Business3 sources

Big Tech targets Native American land for AI data centers as tribes weigh opportunity against risk

Business3 sources

Temasek rules out crypto, plans to triple AI investment to 15% of portfolio by 2031

Singapore's Temasek Holdings maintains its crypto ban four years after a $275 million FTX loss, citing regulatory uncertainty. The sovereign wealth fund plans to increase AI exposure from 6% to 15% by 2031, betting on automation, robotics, and AI adoption over frontier models.

Business2 sources

Temasek rules out crypto, plans to triple AI investment to 15% of portfolio by 2031

Business2 sources

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