Russia just announced successful testing of its Poseidon nuclear-powered underwater vehicle. The timing is no accident – it comes as Russia’s reputation for advanced military technology has been severely damaged by battlefield failures in Ukraine.
France’s competition watchdog has fined healthtech giant Doctolib €4.6m for anti-competitive practices. The company allegedly forced practitioners to use its booking and teleconsultation services together while acquiring and killing its main competitor. Doctolib is appealing the decision.
The US is crushing the global AI competition, with American companies releasing 40 major AI models last year compared to China’s 15 and Europe’s mere 3. This isn’t accidental – innovation thrives where free markets, not government ministries, decide which technologies succeed.
Major companies have announced over 30,000 white-collar job cuts recently, but evidence suggests this reflects economic reality rather than AI displacement. Young graduates are feeling the squeeze most, with unemployment among 22-27 year olds with bachelor’s degrees rising by more than 2 percentage
iRobot, the company that created the robotic vacuum market with Roomba, is teetering on the edge of bankruptcy. After Amazon’s $1.4 billion acquisition collapsed and a potential buyer pulled out, the company warns it may need to cease operations entirely.
Robinhood’s prediction markets business has become its fastest-growing revenue stream in company history. The feature reached $100 million in annualized revenue in less than a year and is already tracking toward a $300 million run rate based on October volumes alone.
Snap and Perplexity AI have announced a $400 million partnership that will integrate AI search directly into Snapchat. The deal positions Snap as a distribution channel for AI companies while giving Perplexity massive reach. Revenue from the arrangement is expected to start flowing in 2026.
Michael Burry’s Scion Asset Management disclosed $912 million in put options against Palantir and $187.6 million against Nvidia. The move comes amid growing concerns about an AI bubble and follows Burry’s cryptic social media posts about market bubbles. Both stocks saw significant drops following th
Cisco is completely revamping its nearly three-decades-old partner program with Cisco 360, set to launch early next year. The tech giant’s leadership says AI represents the biggest technology transition they’ve ever seen, demanding a new approach to partner incentives and training. Partners will nee
The European Space Agency is proposing a major shift toward defense and security applications with its €1 billion ERS program. The initiative integrates Earth observation, telecom, and navigation capabilities for dual-use purposes. This represents a significant departure from ESA’s traditional focus
