Top News
- Alphabet's future spending commitments reach $811B as of June, up $500B in three months amid AI infrastructure buildout
Google's contracted commitments surged from ~$311B in March; signals massive ongoing capex for AI/compute infrastructure.
Lockheed Martin Ventures commits $100M to European defense startups focused on quantum, autonomy, advanced manufacturingMove signals U.S. defense giant's strategy to build supplier relationships and gain early access to emerging European dual-use technology.
- Etched, AI chip startup, reaches $10.3B valuation with custom inference accelerators bypassing GPU dependency
Founded by three Harvard dropouts; claims chips and memory components speed up inference on any model without GPUs.
ST Engineering launches second Multi-Role Combat Vessel for Singapore Navy at Benoi ShipyardSingapore MoD ceremony marks progression of indigenous MRCV program; vessel joins first unit in operational pipeline.
Greece approves €3.5 billion ($4 billion) multi-layer air defense system purchase from IsraelDeal represents major NATO-allied procurement of Israeli air defense technology amid regional security concerns.
- Fincantieri amends U212 NFS submarine contract with OCCAR, adding advanced technologies and accelerating delivery for Italian Navy
Contract covers four next-generation submarines with enhanced capabilities and faster construction timeline under OCCAR framework.
BETA partners with GE Aerospace and Sikorsky for MV250 militarized unmanned aircraft with hybrid-electric propulsionGE supplies hybrid-electric engine; Sikorsky provides autonomy stack for multi-mission military operations.
- Mitsui pursues Penske buyout, positioning Japanese conglomerate against private equity in automotive services consolidation
Deal terms and valuation not yet disclosed; move signals major shift in competitive dynamics for fleet management and automotive services.
Intel Authorization Act would restrict commercial Earth observation satellite operators' ability to share imagery publiclyProposal treats EO data access as government-controlled privilege rather than unrestricted commercial right, raising implications for space industry transparency.
- Thermo Fisher raises FY outlook after Q2 beats on instrument demand recovery from biotech, pharma customers
Biotech and pharma spending rebound signals end to lab equipment downcycle; shares jumped on raised guidance.
- Fincantieri begins construction on second Italian Navy FREMM EVO frigate at Riva Trigoso shipyard
Steel cutting marks production milestone for Italy's next-gen frigate variant under OCCAR program management.
Intel and AMD secure long-term server CPU deals with Chinese customers as prices surge over 40% without fixed pricingSome agreements run two years or longer, sources tell Reuters, amid semiconductor supply constraints.
White House to announce next phase of trade policy as 10% global tariffs expire FridayTrump administration expected to unveil new tariff regime Thursday; expires Friday unless extended or replaced.
- New York's 339-mile Quebec-to-Queens transmission line faces delays as grid operator navigates permitting and infrastructure challenges
During July heat wave, Canadian imports via the line met 9% of NY's daily electricity demand, underscoring infrastructure's strategic importance.
- Google holds $94.1 billion in SpaceX shares post-IPO; Starship test reattempted amid investor scrutiny
SpaceX's blockbuster IPO values the company at $1T+; Starship development remains high-risk, high-visibility for shareholders.
More: Bloomberg — Technology
- Hyundai profit falls 21% as US tariffs and supply chain disruptions weigh on automotive production
South Korean automaker faces headwinds from Trump-era trade policy and manufacturing bottlenecks affecting margins.
- Israel's AI czar courts US and Asian chipmakers for domestic fab; plans major data center expansion to sustain tech edge
Move addresses Israel's dependence on imported semiconductors amid regional tensions and competition for AI leadership in Middle East.
- AMD unveils new data center products claiming performance advantage over Nvidia in AI computing market
AMD targets slice of booming $2 trillion AI infrastructure market dominated by Nvidia's GPUs.
Chile targets $100B mining investment over next decade while seeking to diversify copper buyers beyond China dependencyNew Santiago government explicitly pivoting away from China exposure, attempting to restructure supply chain relationships for critical mineral exports.
US Congress explores tariffs and sanctions targeting China's shipbuilding dominance to rebuild domestic commercial fleet capacityLawmakers weighing port fees and trade barriers to counter China's shipbuilding advantage while balancing cost pressures on US importers.
- Thailand receives $40.6B in FDI applications in H1 2026, up 80% YoY, driven by AI data center investments
Foreign investors filed 1.37 trillion baht in applications amid regional competition for semiconductor and AI infrastructure, signaling accelerated compute capacity build-out.
- Babcock International and LIG Defence & Aerospace sign strategic cooperation agreement to expand global defence capabilities
Agreement aims to leverage combined expertise across naval, aerospace, and defence industrial sectors internationally.
- Geely and Ford partner to restart Spanish automotive manufacturing plant
Joint venture aims to restore production capacity at European facility; terms and timeline not yet disclosed.
Philippines establishes cross-border power grid connection with Indonesia to bolster regional energy securityThe link marks progress toward long-delayed Southeast Asian regional power network as nations face soaring electricity costs amid industrial demand surge.
- Dassault Systèmes to acquire drug trial software firm ArisGlobal for up to $2 billion
French industrial software giant expands into pharma and life sciences software amid consolidation in sector.