U.S. defense giant Lockheed Martin has announced plans to acquire naval defense specialist Ultra Maritime from private equity firm Advent in a deal valued at $3.45 billion. The acquisition comes as defense companies worldwide race to strengthen their military technology portfolios amid rising geopolitical tensions and increased government defense spending across major markets. Once the…
European defence giant Thales has announced plans to acquire drone technology company Exail in a major move aimed at strengthening its position in the rapidly expanding underwater warfare and maritime robotics market. The proposed acquisition, announced on Monday, values Exail at approximately €3.9 billion ($4.45 billion) and comes just days after Safran ended its own…
Global e-commerce giant Amazon has announced that it will take action against one of its third-party delivery partners in India after authorities complete an investigation into a deadly warehouse fire that claimed the lives of two workers. The incident, which occurred on June 5 at a facility operated by M&M Logistics Solutions in the northern…
Microsoft has announced the launch of a new business unit called Microsoft Frontier Company, backed by an initial investment of $2.5 billion, as the tech giant moves to help large organizations adopt artificial intelligence more effectively and profitably. The newly created company will focus on helping enterprises select, customize, and deploy the best AI technologies…
China’s artificial intelligence industry continues to attract huge investments, with Kuaishou Technology securing one of the largest AI funding rounds of the year for its fast-growing video generation platform, Kling AI. The Chinese technology company announced that a consortium of major investors, including Alibaba, Tencent, and Baidu, will inject more than 19 billion yuan (approximately…
The Dutch government is making a major investment in military drone technology, announcing a multi-million euro partnership with Dutch defense technology company Intelic to develop an advanced software platform for unmanned systems. The three-year agreement aims to strengthen the Netherlands’ military capabilities by creating a unified drone software ecosystem that allows unmanned vehicles from different…
India’s technology sector is witnessing a major shift in hiring patterns, with demand for artificial intelligence (AI) professionals rising sharply even as overall IT recruitment continues to decline. Fresh industry data released in July 2026 shows that companies across India’s technology ecosystem are increasingly prioritizing AI talent, signaling a broader transformation in how the country’s…
The British government’s threat to intervene in the proposed $110 billion merger between Paramount and Warner Bros Discovery may be less about stopping the historic media deal and more about forcing the companies to make major commitments to British media, industry experts and legal analysts suggest. Britain’s Culture Secretary, Lisa Nandy, recently indicated that she…
Tesla has officially expanded its Robotaxi service to Miami, marking another major step in the company’s aggressive push into autonomous transportation and artificial intelligence-driven mobility services. The announcement, made on Friday through Tesla’s official Robotaxi social media account, confirms that the company’s self-driving ride-hailing service is now available in one of Florida’s largest and busiest…
Australian authorities have confirmed that online betting giant Sportsbet has successfully completed a series of anti-money laundering and counter-terrorism financing reforms that were ordered following significant compliance concerns raised in previous years. The announcement marks the end of a lengthy remediation process that began after Australia’s financial intelligence agency identified serious weaknesses in the company’s…