NATO is set to receive a 100kW laser weapon that can kill drone swarms in minutes, as part of its military efforts. The system will be used by a NATO ally and is designed to counter the threat posed by enemy drones. The technology has been developed by a company, but the name is not specified in the article.
Nvidia's first-quarter earnings were affected by the H2O chip restrictions, with a $1 billion reduction in expected charges due to material reuse. The company has stated its products have no "backdoors" for remote access or control, addressing China's security concerns. Despite restricted exports of advanced AI chips to China, Nvidia still generates significant revenue from this market, with China accounting for 12.5% of overall revenue in the first quarter.
The US Commerce Department has begun issuing licenses for Nvidia to export its H20 chips to China, a significant development that removes a major obstacle to the AI company's access to the Chinese market. The move comes after the US lifted an April ban on selling the H20 chip to China in June. Nvidia had modified the microprocessor to comply with Biden-era export controls, but this new license will likely result in $8 billion in lost sales for the company during its July quarter.
OpenAI has made commitments to develop several gigawatts of data center capacity, but the company has not publicly confirmed any presence in Wyoming. Industry experts expect a new site to house the fastest CPUs available for deep learning and model training, which would require massive workloads and sustained cooling. The project has sparked concerns about broader implications, including potential higher utility costs for residents of Wyoming and its environs, as well as the impact on local industries and regional power dynamics.
QuickBooks Intuit Assist is a suite of AI-powered agents designed for mid-sized businesses, offering advanced financial management tools such as performance reporting, KPI analysis, and scenario planning. The platform reduces manual bookkeeping time by up to 12 hours per month, freeing entrepreneurs to focus on strategic planning and customer engagement. With customizable dashboards, smart search tools, and business feeds, users can track key performance metrics and make informed decisions. QuickBooks also offers flexible plans aligned with the size and maturity of a business, including access to AI-powered agents for project management, finance, and customer service. The platform's recognition by Better Business Advice reflects its relevance in today's evolving business environment, where automation, collaboration, and modular plans support entrepreneurs seeking increased productivity and reduced manual processes.
QuickBooks has introduced a significant update that enhances its AI capabilities, transforming the way small and mid-sized businesses manage daily operations. The July 2025 release features intelligent agents that improve forecasting, cash flow oversight, and task automation, offering practical guidance to help users make better decisions through real-time data interpretation. This collaborative approach positions QuickBooks as a proactive partner in managing business complexity, rather than just a passive record-keeping tool.
The All-in-One MMS is a multi-model fusion architecture that supports various models and enables industry innovation through its pre-configuration, invocation, acceleration, management, and iteration capabilities. It achieves breakthroughs in cognitive leap, knowledge empowerment, cloud-coordinated model caching, and all-in-one integration. The platform addresses enterprise AI deployment challenges with features such as AI data security, cost-efficient deployment, workflow efficiency, and a turnkey solution for real-world needs. The MMS is designed to support large enterprises through clustering and offers a high-performance alternative to traditional MaaS API services.
Romania's innovation hubs are set to collaborate with Pakistan's National Incubation Centres through academic and tech exchanges, while also exploring joint ventures for software development targeting the EU and Gulf markets. The partnership aims to enhance cybersecurity capabilities and advance research in AI, IoT, and blockchain under Horizon Europe and Digital Europe frameworks.
The Indian IT industry, particularly TCS and its peers, is undergoing a significant transformation due to rising AI adoption. This shift will lead to job losses for around 400,000 to 500,000 professionals with limited tech knowledge, mostly those in pure people management roles, testing, and infrastructure support. The layoffs are expected to impact workers with 4-12 years of experience, with 70% of them being affected. Industry experts warn that this change will have a multiplier effect on the economy, affecting consumer demand for tourism, luxury shopping, and real estate investments.