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CoreWeave and Leidos build classified AI cloud for US intelligence and defense agencies

CoreWeave, the AI cloud company renting GPUs to major AI labs, is partnering with contractor Leidos to deploy its platform inside SCIF-accredited data centers for US intelligence and defense agencies. The collaboration aims to deliver sovereign AI capabilities for classified work, combining CoreWeave's AI-native cloud platform with Leidos' expertise in mission-critical government systems.

Technology3 sources

CoreWeave and Leidos build classified AI cloud for US intelligence and defense agencies

Technology3 sources

Sarvam AI Unveils Trillion-Parameter Model Plans, Challenges ChatGPT and Gemini at 5x Lower Cost

Indian AI startup Sarvam AI announced plans to build a trillion-parameter model from scratch at its Epoch conference in Bengaluru, positioning itself to compete with ChatGPT, Gemini and Claude. The company promises pricing 5-10 times cheaper than global rivals while targeting coding, cybersecurity and scientific research applications with Indian language capabilities.

Technology6 sources

Sarvam AI Unveils Trillion-Parameter Model Plans, Challenges ChatGPT and Gemini at 5x Lower Cost

Technology6 sources

EU Opens Bidding for Seven AI Gigafactories in €30 Billion Push to Challenge US and China Dominance

The European Union has launched a tender for seven AI gigafactories with €10 billion in public funding, aiming to attract €20 billion in private investment. This infrastructure push seeks to close the AI gap with the US and China by providing compute capacity to train frontier models, though only €1 billion is currently committed.

Policy11 sources

EU Opens Bidding for Seven AI Gigafactories in €30 Billion Push to Challenge US and China Dominance

Policy11 sources

Capgemini raises 2026 revenue growth target to 9% as AI transformation demand accelerates

Capgemini has upgraded its 2026 revenue growth target to 8.5-9% at constant currency, up from its previous 6.5-8.5% forecast. The Paris-based IT services firm reported first-half revenue of €12.08 billion, driven by surging demand for large AI transformation projects and the successful integration of WNS, which expanded its pipeline for AI-powered operations work.

Business3 sources

Capgemini raises 2026 revenue growth target to 9% as AI transformation demand accelerates

Business3 sources

China's Open-Source AI Push Creates 'Death Zone' for US Models as Competition Shifts to Ecosystems

China has cultivated a frontier AI ecosystem producing world-class capabilities across multiple firms like DeepSeek, Alibaba Qwen, and Moonshot AI. This open-source AI model strategy is creating a competitive 'death zone' for US companies caught between free Chinese alternatives and premium frontier models, while approximately 80% of US AI startups now rely on Chinese models.

Business11 sources

China's Open-Source AI Push Creates 'Death Zone' for US Models as Competition Shifts to Ecosystems

Business11 sources

Tokyo's AI matchmaking app has led to 265 marriages as Japan tackles declining birth rate

Tokyo Enmusubi, a government-run AI-powered matchmaking app, has facilitated 265 marriages since its September 2024 launch. With 16,000 registered members and 760 couples in serious relationships, the app represents Japan's innovative response to a demographic crisis that saw births drop to 671,236 in 2025.

Entertainment2 sources

Tokyo's AI matchmaking app has led to 265 marriages as Japan tackles declining birth rate

Entertainment2 sources

Jensen Huang defends open AI models in first-ever post, takes fight to Capitol Hill

Nvidia CEO Jensen Huang broke his social media silence with a defense of open-weight AI models, arguing they strengthen cybersecurity and innovation. His first-ever X post came as Washington debates restricting Chinese AI models, with 25 major tech companies signing a letter warning against premature regulations that could stifle competition and drive innovation overseas.

Policy5 sources

Jensen Huang defends open AI models in first-ever post, takes fight to Capitol Hill

Policy5 sources

Multiverse Computing targets $570M Series C to shrink AI models and slash inference costs

Spanish AI startup Multiverse Computing has opened a $570M Series C funding round at a $1.7B valuation, betting that AI model compression will outpace the race for scale. The company's CompactifAI technology uses tensor networks from quantum physics to shrink large language models by up to 95% with minimal accuracy loss, targeting the growing inference cost burden facing enterprises.

Startups2 sources

Multiverse Computing targets $570M Series C to shrink AI models and slash inference costs

Startups2 sources

NAVER, NVIDIA and Brookfield forge $10 billion partnership to build Korea's sovereign AI future

NVIDIA is investing $1 billion to acquire a 4.5% stake in NAVER Corp, while Brookfield commits up to $9 billion to expand South Korea's AI infrastructure. The partnership will scale NAVER's GAK Sejong data center from 55 megawatts to 200 megawatts by 2028, with ambitions to reach gigawatt-scale capacity. This marks a strategic push to build sovereign AI infrastructure that can fuel Korea's AI ecosystem and compete globally.

Technology10 sources

NAVER, NVIDIA and Brookfield forge $10 billion partnership to build Korea's sovereign AI future

Technology10 sources

HCLTech invests $1.48 billion in AI data center with Sarvam AI, plans 5,000-seat tech hub

HCLTech announced a $1.48 billion investment to build its first AI data center at the Odisha Sovereign AI Park in partnership with Sarvam AI and the Odisha government. The facility will combine full-stack AI capabilities with foundation models to deliver sector-specific AI applications. Additionally, HCLTech will open a 5,000-employee technology center in Bhubaneswar by 2028, marking a significant expansion into India's AI infrastructure space.

Business6 sources

HCLTech invests $1.48 billion in AI data center with Sarvam AI, plans 5,000-seat tech hub

Business6 sources

ServiceNow invests $40 million in BusinessNext to accelerate autonomous banking with AI

ServiceNow has invested $40 million in Indian banking software specialist BusinessNext at a $700 million valuation, acquiring roughly 5% stake. The strategic partnership combines ServiceNow's workflow automation platform with BusinessNext's autonomous banking capabilities to deliver private AI solutions across global financial services. The deal positions both companies to capitalize on banks transitioning from digital experimentation to full-scale AI-led operations.

Business4 sources

ServiceNow invests $40 million in BusinessNext to accelerate autonomous banking with AI

Business4 sources

India backs 20 sovereign AI models to strengthen domestic AI ecosystem and counter US hegemony

India's government identified 20 indigenous AI foundation model proposals under the IndiaAI Mission, including 12 large language models and 8 small language models. The initiative supports startups like Sarvam AI, Gnani.AI, and BharatGen to build homegrown AI capabilities. This push for AI self-reliance comes amid concerns over US export restrictions on advanced AI models.

Policy3 sources

India backs 20 sovereign AI models to strengthen domestic AI ecosystem and counter US hegemony

Policy3 sources

Marco Rubio tells US diplomats to downplay tech kill switch fears after Anthropic AI ban fallout

US Secretary of State Marco Rubio has instructed American diplomats worldwide to push back against the narrative that the US holds a tech kill switch over advanced AI models. The directive follows international backlash from the Trump administration's brief June ban on foreign access to Anthropic's most advanced AI systems, which sparked renewed calls for digital sovereignty across Europe and Asia.

Policy6 sources

Marco Rubio tells US diplomats to downplay tech kill switch fears after Anthropic AI ban fallout

Policy6 sources

Samsung in talks to invest €1 billion in Mistral at €20 billion valuation

Samsung is in advanced discussions to invest up to €1 billion in French AI startup Mistral as part of a multibillion-euro fundraising round that could value the company at €20 billion. The move reflects growing demand for European AI alternatives and strengthens partnerships between AI developers and semiconductor suppliers amid an unprecedented chip crunch.

Startups8 sources

Samsung in talks to invest €1 billion in Mistral at €20 billion valuation

Startups8 sources

Noetra CEO calls $2.33B robot AI venture Japan's last chance in global AI race

Japan launches Noetra, a government-backed AI venture with $2.33 billion in first-year funding to develop a foundational model for robots. CEO Hironobu Tamba frames it as the country's final opportunity to achieve technological self-sufficiency as China and the US dominate AI development. Backed by 44 companies including SoftBank, Honda, and Sony, the project targets 10 million AI-enabled robots by 2040.

Technology3 sources

Noetra CEO calls $2.33B robot AI venture Japan's last chance in global AI race

Technology3 sources

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