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Artificial Intelligence (AI)
ChatGPT's meteoric rise continues as the AI-powered chatbot is projected to hit a staggering 700 million weekly active users this week, according to OpenAI. The milestone marks another major leap in the platform’s rapid growth, coming just months after it reached 500 million weekly users in March.
Transportation
Electric air taxi pioneer Joby Aviation has announced a landmark acquisition of Blade Air Mobility’s passenger helicopter ride-share business, in a deal valued at up to $125 million. The transaction marks a strategic leap for Joby, giving it immediate access to a highly developed network of urban air mobility
Funding
OpenAI, the powerhouse behind ChatGPT, has raised a staggering $8.3 billion in a funding round that pushes its valuation to an eye-popping $300 billion, according to The New York Times. This marks a significant milestone in the company’s broader goal to raise $40 billion this year and reflects
Military & Defense
The U.S. Army has awarded Palantir Technologies a monumental contract valued at up to $10 billion over the next decade, the largest in the company's history. The deal marks a turning point in the Army’s approach to software procurement and signals the growing centrality of artificial
Artificial Intelligence (AI)
OpenAI has announced plans to establish Stargate Norway, its first AI data center in Europe, as part of a joint venture with British AI cloud infrastructure provider Nscale and Norwegian energy firm Aker. The facility, to be built near Narvik in northern Norway, marks a significant step in OpenAI’s
Finance
Ramp, the fast-growing expense management startup, has raised an additional $500 million in funding just 45 days after its last financing round—bringing the company’s valuation to a staggering $22.5 billion post-money. The round was led by Iconiq Growth with support from Founders Fund and D1 Capital Partners,
Transportation
In a fast-changing world where geopolitical tensions are rising and defense budgets are expanding, eVTOL (electric vertical takeoff and landing) manufacturers are being pushed to adopt more flexible, multi-purpose strategies. One company at the forefront of this shift is Israeli startup AIR, which has opted for a dual-track approach: simultaneously
Funding
Artificial intelligence startup Anthropic is reportedly closing in on a major funding deal that could raise between $3 billion and $5 billion, potentially tripling the company’s valuation to a staggering $170 billion. The news, first reported by Bloomberg, signals an aggressive new phase of growth for one of the
Cloud Computing
Google Cloud has secured a major enterprise client in its intensifying competition with industry leaders Amazon Web Services (AWS) and Microsoft Azure. Alphabet Inc.’s cloud division has inked a deal valued at over $1 billion to provide cloud-computing services to enterprise software firm ServiceNow Inc., Bloomberg reported, further signaling
Transportation
Lyft is doubling down on autonomous transportation. The ride-sharing company has announced a partnership with Benteler Mobility to deploy self-driving, all-electric Holon Urban shuttles starting in late 2026. These compact, rectangular vehicles—developed by Benteler’s subsidiary, Holon—will initially launch in select airports and cities across the U.S.
Artificial Intelligence (AI)
In a bold move to cement the United States' position as a global leader in artificial intelligence infrastructure, OpenAI and Oracle announced plans on Tuesday to add 4.5 gigawatts (GW) of data center capacity as part of their joint Stargate initiative. The expansion, which will take place across
Energy
GE Vernova, a leading provider of power generation equipment, announced plans to acquire French software company Alteia in a move aimed at leveraging artificial intelligence to modernize and fortify the electric grid. The deal is part of a broader strategy to help utilities optimize infrastructure, reduce costs, and improve resilience