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Scale AI wins Pentagon AI contract
Mar 06,2025
Scale AI has secured a multimillion-dollar contract with the US Department of Defense to develop AI tools for military operations. The project, named Thunderforge, is the Pentagon's flagship AI initiative aimed at enhancing decision-making, simulatio...
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Nvidia shares drop after US tariffs announcement
Mar 06,2025
Nvidia's shares plummeted nearly 9% on 3 March following an announcement by US President Donald Trump confirming new tariffs on imports from Canada and Mexico, set to take effect on 4 March. The decline contributed to a broader market downturn, with ...
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China to expand AI investment and boost tech innovation
Mar 06,2025
China has announced plans to increase support for AI development and boost venture capital investment as part of its broader strategy to drive technological breakthroughs and self-reliance. The initiative was outlined in a government report presented...
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South Korea launches $34 billion fund for strategic industries
Mar 05,2025
South Korea has announced the creation of a$34 billion policy fund to support companies in key industries such as semiconductors, automotive, and advanced technologies, in response to growing global competition and protectionist policies. The state-r...
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Musk's bid to halt OpenAI's for-profit transition rejected
Mar 05,2025
A US court has denied Elon Musk's request for a preliminary injunction against OpenAI's transition into a for-profit organisation. US District Judge Yvonne Gonzalez Rogers ruled that Musk did not meet the high standards required to block the move. Ho...
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CoreWeave to buy Weights & Biases as it prepares for IPO
Mar 05,2025
CoreWeave, backed by Nvidia, announced on Tuesday that it is acquiring AI developer platform Weights & Biases as part of its efforts to expand its cloud platform ahead of its upcoming IPO. The deal will merge CoreWeave's infrastructure and manage...
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UK regulator approves Synopsys' $35 billion Ansys deal
Mar 05,2025
Britain's competition regulator has approved Synopsys'$35 billion acquisition of Ansys after the companies addressed concerns about the potential negative impact on innovation and pricing. In December, the regulator raised alarms that the deal could ...
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Taiwan's TSMC to strengthen US semiconductor supply chain
Mar 05,2025
Taiwanese chip manufacturer TSMC has announced a$100 billion investment in the United States, aiming to build five additional semiconductor facilities. The plan was revealed by TSMC CEO C.C. Wei alongside President Donald Trump at the White House, hi...
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Trump pushes for end to $52 billion semiconductor subsidy
Mar 05,2025
Donald Trump has called for the repeal of the CHIPS and Science Act, a key piece of legislation passed in 2022 to support semiconductor manufacturing in the US. Trump criticised the law during a speech to Congress, describing it as a waste of hundred...
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China moves to promote RISC-V chip use nationwide
Mar 05,2025
,China is set to release new guidance aimed at promoting the use of open-source RISC-V chips nationwide, a move that signals the country's growing efforts to reduce its reliance on Western technology. The policy, which could be unveiled as early as t...
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Mintoak's Digiledge acquisition boosts digital payment solutions
Mar 05,2025
Indian fintech startup Mintoak has acquired Digiledge in a deal valued at around$3.5 million, marking the first acquisition in India's central bank digital currency (CBDC) sector. The move comes as the Reserve Bank of India continues expanding its pi...
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Eutelsat shares surge on prospects of replacing Starlink
Mar 05,2025
Eutelsat shares surged by over 60% on Tuesday, continuing a remarkable rise that saw them increase by 68% the day before. This spike came after geopolitical tensions raised the possibility of OneWeb satellites, owned by the French satellite operator,...
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