The US Air Force has contracted Anduril Industries and General Atomics to build its initial fleet of semi-autonomous Collaborative Combat Aircraft. The FQ-42 will be manufactured by General Atomics, and the FQ-44 will be produced by Anduril. The program has been designed to connect crewed fighter jets with autonomous aircraft and is part of a broader Air Force strategy involving the fielding of about 1,000 combat-capable drones over its years-long timeline. The contracts were issued months in advance of schedule, along with other software awards.
Sources familiar with the matter said that the United States has postponed adding DeepSeek, CXMT and over 100 other Chinese companies to its trade blacklist. The companies received approval to be added to the Commerce Department's Entity List last year but have not been published. Sources told the Trump administration had delayed this move to avoid an escalation of tensions with China. Thus far, it has been suggested the delayed listings encompass companies associated with semiconductor, artificial intelligence and drone sectors, sectors U.S. officials regard as national security threats.
General Motors has formed a new partnership with Lockheed Martin to bolster U.S. industrial and defense production capacity. The partnership, born from the U.S. Department of Defense, will be centered on production and supply chains manufacturing efficiency. GM Defense will apply the capabilities of any number of its facilities and laboratories to help with it; Lockheed Martin is still pouring money into expanded production capability. This news is being made against the background of defense firms looking to expand their production capacity as demand surges and the industry needs to keep up with it.
On Tuesday, SpaceX extended its post-IPO rally, sending the aerospace company heading to becoming the fifth-largest company in the world (after Apple and Alphabet) and recently topping Amazon as well. The shares gained over 8% in premarket trading and were…
Microsoft is facing a proposed class-action lawsuit from shareholders who allege the company failed to disclose slowing growth in its Azure cloud business and the rising costs of its artificial intelligence investments. The lawsuit follows a 10% decline in Microsoft's share price on January 29, which wiped out approximately $357 billion in market value. Investors claim the company misled the market about Azure's growth outlook and the impact of heavy AI-related spending. Microsoft has rejected the allegations, calling the claims without merit and pledging to defend itself in court.
Nvidia is raising $25 billion through a US bond offering, its first corporate debt sale in five years. The AI chip giant received around $85 billion in investor demand and plans to use the proceeds for general corporate purposes, including refinancing existing debt, as spending on artificial intelligence continues to surge.
Orbio has raised $21 million in a Series A funding round led by Dawn Capital to grow its AI-powered workforce management platform. The startup uses AI agents to automate hiring, onboarding and employee management for frontline workers and already counts major brands, including YUM! Brands, among its customers.
Oil prices dropped more than 4% on Monday after the United States and Iran announced an initial peace agreement aimed at ending the conflict and reopening the Strait of Hormuz. Brent crude fell to $83.75 per barrel, while WTI dropped to $80.87. The proposed deal includes reopening the key energy shipping route within 30 days and ending the US naval blockade of Iranian ports. Markets are now watching how quickly oil supplies can recover.
The Trump administration has reportedly imposed export controls on Anthropic's most advanced AI models, according to Axios. The reported restrictions would apply to foreign governments, companies and individuals, including foreign nationals within the United States. Anthropic's Mythos 5 and Fable 5 models are said to be affected. Reuters said it could not independently verify the report.
The US Air Force has contracted Anduril Industries and General Atomics to build its initial fleet of semi-autonomous Collaborative Combat Aircraft. The FQ-42 will be manufactured by General Atomics, and the FQ-44 will be produced by Anduril. The program has been designed to connect crewed fighter jets with autonomous aircraft and is part of a broader Air Force strategy involving the fielding of about 1,000 combat-capable drones over its years-long timeline. The contracts were issued months in advance of schedule, along with other software awards.
Sources familiar with the matter said that the United States has postponed adding DeepSeek, CXMT and over 100 other Chinese companies to its trade blacklist. The companies received approval to be added to the Commerce Department's Entity List last year but have not been published. Sources told the Trump administration had delayed this move to avoid an escalation of tensions with China. Thus far, it has been suggested the delayed listings encompass companies associated with semiconductor, artificial intelligence and drone sectors, sectors U.S. officials regard as national security threats.
General Motors has formed a new partnership with Lockheed Martin to bolster U.S. industrial and defense production capacity. The partnership, born from the U.S. Department of Defense, will be centered on production and supply chains manufacturing efficiency. GM Defense will apply the capabilities of any number of its facilities and laboratories to help with it; Lockheed Martin is still pouring money into expanded production capability. This news is being made against the background of defense firms looking to expand their production capacity as demand surges and the industry needs to keep up with it.
