India is negotiating with the World Bank and ADB for approximately $2.5 billion in loans to fund urban infrastructure and job creation. This comes amid a wider budget gap due to increased subsidies for oil prices affected by Middle East conflict.
A Ukrainian drone attack targeted Moscow's oil refinery in the Kapotnya district on Thursday, causing flames and smoke. This follows earlier drone strikes on Russian energy infrastructure and comes amid ongoing hostilities, including Russian attacks on Kyiv.
Russia's new 'Volna Kupol Garant' EW system effectively jams Starlink satellites. Trump may extend Europe stay for Iran deal. Ukraine brigade begs to withdraw due to casualties. Pentagon invests $11M in Ukraine biolabs.
The FTC has sued Genesis Tech for defrauding consumers through app store scams, using shell companies in Cyprus and Ukraine to hide assets and revenue. The case highlights the difficulty regulators face in policing complex subscription scam networks.
Trace Finance, a company connecting Brazilian and US banks to stablecoin networks, secured $32 million in Series A funding led by CoinFund. The investment will fuel expansion into new Latin American markets, the US, and Asia-Pacific, as Brazil reclassifies crypto transfers.
Trace Finance, a financial infrastructure company connecting Brazil and the US to stablecoin networks, secured $32 million in Series A funding led by CoinFund. The investment aims to expand its services into new Latin American markets, the US, and Asia-Pacific.
Allbirds, formerly known for its sustainable footwear, has rebranded as Smartbird and sold its shoe business to focus entirely on artificial intelligence infrastructure. Nadia Carlsten, an AI industry veteran, is the new CEO. The company aims to provide enterprise-grade AI computing clusters, backed by expanded financing.
Morocco, co-hosting the 2030 World Cup, views the event as a catalyst for economic development and modernization, aiming to boost its international image and investment. However, significant infrastructure spending faces criticism from Gen Z over diverted funds from education and healthcare, highlighting the country's ongoing development challenges.
Allbirds, which recently rebranded to NewBird AI, is changing its name again to Smartbird and appointing Nadia Carlsten as its new CEO, replacing Joe Vernachio. Carlsten has a background in quantum computing and AI infrastructure.
The UK's National Cyber Security Centre reported over 200 cyber-incidents hitting critical national infrastructure in the past year, with state-linked actors, including Russia, China, and Iran, responsible for three-quarters of attacks. Advances in AI are expected to accelerate threats by 2028.
Trace Finance, a stablecoin settlement infrastructure company, has raised $32 million in a Series A funding round led by CoinFund. The funds will be used to expand its cross-border payment services across Latin America, the US, and Asia-Pacific markets.
Anduril CEO Brian Schimpf stated that modern warfare's focus has shifted to economic disruption, targeting infrastructure like data centers and refineries. He noted the rise of drone technology and supply chain vulnerabilities as key concerns, particularly for the US due to its ties with China. Schimpf also commented on the defense tech sector's high valuations, suggesting a potential bubble.
Alibaba Cloud has launched its first data centers in France, expanding its European presence to meet growing demand and support data sovereignty initiatives. This move positions the company to offer AI services across the region.
Wall Street is valuing AI-leased megawatts significantly higher than those used for Bitcoin mining, with companies holding AI contracts trading at over 10x gross energy output compared to 2-6x for miners with no contracted capacity. This premium is being assigned before the capacity is fully built, creating a substantial funding gap.
The US has directed Anthropic to disable its most capable AI models, Fable 5 and Mythos 5, for non-US citizens, treating advanced AI like physical exports. This move, citing national security, significantly alters export control frameworks and raises questions about the future of AI development and global access.
Thousands in Cabo Verde celebrated a World Cup draw against Spain, a moment President Jose Maria Neves called defining for the nation. China's role in building the country's sports infrastructure, including the Estadio Nacional, was also highlighted as crucial to these achievements.
BitGo Europe has launched a crypto-as-a-service platform designed to meet the EU's MiCA regulation, aiming to help crypto exchanges maintain operations ahead of the July 1 licensing deadline. The platform offers regulated custody, trading, and onboarding tools via APIs, allowing companies to stay compliant during licensing delays.
Russia's FSB has detained three individuals accused of plotting terrorist attacks in Tyumen, Krasnodar, and Adygea Regions on behalf of Ukrainian special services. The suspects allegedly planned sabotage and attacks on military personnel, a volunteer organization, and infrastructure, with evidence including seized explosives and correspondence with handlers.
As Ireland prepares to assume the EU Council presidency, concerns are mounting over its military capabilities to secure summits and critical infrastructure against drone and cyber threats. Despite low defense spending and limited military assets, Dublin insists it is prepared, citing increased budget allocations and security agreements.
CEOs of major AI companies, including OpenAI, Anthropic, and Google DeepMind, are attending the G7 summit in France to discuss frontier AI risks, infrastructure, and child protection online. Their presence signals a shift in geopolitical influence and an opportunity to shape global policy before binding rules are established.
Microsoft reportedly ended talks for a $3 billion cloud infrastructure deal with Oracle due to FedRAMP security concerns. Oracle disputes the claims, highlighting their partnership. The failed deal underscores the strain on computing resources amid the AI boom, with Microsoft seeking capacity elsewhere.
Noida International Airport (NIA) in Jewar will handle its first cargo flight on Wednesday, a domestic route, days after starting passenger operations. The airport aims to be a major cargo hub for northern India with advanced digital systems and significant handling capacity.
Hyosung Group, in partnership with ST Telemedia Global Data Centres, has opened a 30-megawatt hyperscale data center in Seoul. Named STT Seoul 1, it aims to support cloud computing and AI services, positioning AI infrastructure as a new growth driver for the group.
Pentagon's AI chief declared Elon Musk's Grok AI integral to US defense, comparing its data centers to munitions plants. The AI supports targeting and intelligence systems like Palantir's Maven Smart Systems, crucial for operations like 'Operation Epic Fury'. Concerns arise over environmental lawsuits impacting xAI's facilities.
