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Wednesday, August 5, 2026
  • GM, Chinese automaker extend tie-up amid geopolitical tensions with US
  • SpaceX AI spending unnerves Wall Street despite promising quick payoff
  • Wealthy Chinese race for tax advice as Beijing targets offshore trusts
  • Europe’s heat isn’t cooling Asian travel demand
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  • GM, Chinese automaker extend tie-up amid geopolitical tensions with US
  • SpaceX AI spending unnerves Wall Street despite promising quick payoff
  • Wealthy Chinese race for tax advice as Beijing targets offshore trusts
  • Europe’s heat isn’t cooling Asian travel demand
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U.S. Department of Defense

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a billion monthly app users despite souring public AI sentiment

Sagar2 months ago05 mins

Protesters gather with banners and placards outside the offices of Google Deepmind at a protest organized by PauseAI UK and other groups concerned in controlling the development of advanced Artificial Intelligence systems, in London on February 28, 2026. (Photo by JUSTIN TALLIS / AFP via Getty Images) Justin Tallis | Afp | Getty Images With…

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  • Business

Anthropic, Defense Department face off in DC court over blacklisting

Sagar3 months ago06 mins

Dario Amodei, chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Ruhani Kaur | Bloomberg | Getty Images A federal appeals court in Washington, D.C., heard arguments on Tuesday in Anthropic’s lawsuit over its blacklisting by the Department of Defense, the latest faceoff in the…

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  • Business

OpenAI’s Altman says defense deal was ‘opportunistic and sloppy

Sagar5 months ago03 mins

OpenAI CEO Sam Altman addresses the gathering at the AI Impact Summit, in New Delhi, India, February 19, 2026. Bhawika Chhabra | Reuters OpenAI CEO Sam Altman said Monday that the company “shouldn’t have rushed” its recent deal with the U.S. Department of Defense and would make some revisions to the agreement. It comes after…

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  • Business

Pentagon gets investment stake in Korea Zinc refinery in Tennessee

Sagar8 months ago02 mins

The Defense Department is getting a 40% stake in a $7.4 billion mineral smelter to be built in Tennessee in partnership with Korea Zinc, Reuters reported Monday. The critical minerals smelting and processing facility could produce 540,000 tons of materials in the U.S. per year, according to the U.S. Commerce Department. The deal comes as…

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  • Business

Exclusive first look at Shield AI’s X-Bat AI-piloted fighter drone

Sagar10 months ago05 mins

Shield AI is trying to shake up the defense industry.  The company, which is valued at $5.3 billion after securing $240 million in its latest round of funding, is set to unveil its next generation, autonomous fighter jet known as the X-Bat on Wednesday.  CNBC got exclusive access to the company’s headquarters ahead of the…

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  • Business

How the U.S. space industry became dependent on SpaceX

Sagar12 months ago03 mins

SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing…

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  • GM, Chinese automaker extend tie-up amid geopolitical tensions with US
  • SpaceX AI spending unnerves Wall Street despite promising quick payoff
  • Wealthy Chinese race for tax advice as Beijing targets offshore trusts
  • Europe’s heat isn’t cooling Asian travel demand
  • Lucid Group (LCID) earnings Q2 2026

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