General Atomics Aeronautical Systems, Inc., a US-based manufacturer of drones like the Predator and YFQ-42A Collaborative Combat Aircraft, has introduced the Precision Exportable Launched Effect (PLEX), a small, propeller-driven unmanned aircraft designed for the global aerospace and defense market.
https://interestingengineering.com/military/drone-to-advance-mq-9b-strike-powerAnalyst Scott Schappel has increased his price target for Palantir (PLTR) from $130 to $155, citing the company's platform AIP as a key differentiator in the market. Unlike data-centric firms like Snowflake and Databricks, Palantir aims to be an enterprise operating system that powers decision-making across dynamic environments. Schappel believes Palantir is an "early software leader in enterprise AI" at a tipping point as small-scale pilots move into production and AI use cases grow exponentially across all industries.
https://markets.businessinsider.com/news/stocks/palantir-stock-lands-a-new-street-high-price-target-1034823974A biotech company, Regencell Bioscience Holdings Limited, has seen its market value surge by over 46,000% this year despite making no revenue or turning a profit. The company's stock was a penny stock in April but is now worth nearly $30 billion.
https://news.bloomberglaw.com/capital-markets/herbal-medicine-stock-with-no-sales-sees-wild-rally-top-64-000BT boss Kirkby expects AI to deepen job cuts, according to a report by the Financial Times. The company is likely to continue its trend of automating processes and reducing staff as it adopts artificial intelligence technology. This move is part of the company's efforts to increase efficiency and remain competitive in the industry.
https://www.livemint.com/companies/news/bt-boss-kirkby-expect-ai-to-deepen-job-cuts-ft-reports-11749975270655.htmlThe Dubai Electricity and Water Authority (DEWA), the Dubai Supreme Council of Energy, and the World Green Economy Organisation (WGEO) are organizing the 11th World Green Economy Summit (WGES) on October 1-2 at the Dubai World Trade Centre. The event aims to combat climate change through innovative approaches, focusing on seven thematic pillars: Technology and Innovation, which will explore how cutting-edge technology is driving climate resilience and sustainability with a focus on artificial intelligence (AI) and smart innovations.
https://www.lokmattimes.com/international/wges-2025-supports-sustainability-transition-with-7-thematic-pillars/Taiwan's Commerce Ministry has added Huawei Technologies and Semiconductor Manufacturing International Corp to its list of entities subject to export controls, citing strategic high-tech commodities. The move comes as tensions between Taiwan, China, and the US escalate. Both Huawei and SMIC have been sanctioned by the US, and are producing advanced AI chips in response to export curbs. Taiwanese chipmaker TSMC supplies Nvidia, a US-based company, highlighting the complex web of global technology trade relationships.
https://apnews.com/article/china-taiwan-huawei-smic-export-restrictions-semiconductor-6f43d0b9f34d39258ca3e3c1406d9055The United Nations has issued a warning about the rapid development of Artificial General Intelligence (AGI), citing concerns over its potential risks. A report emphasizes the need for global coordination to address these risks, which could lead to harmful outcomes if not addressed promptly. The UN is urging immediate international action to mitigate AGI's risks and prevent negative consequences.
https://www.ndtv.com/feature/un-sounds-alarm-on-ai-nearing-human-like-intelligence-agi-urges-action-8672009?pfrom=home-ndtv_lateststories_topstoriesImgLabelbox expects a significant surge in revenue as demand for its service triples overnight, driven by growing needs for high-quality data to train machine learning models. Scale AI, founded in 2016, is well-positioned to capitalize on this trend with its labeled training data essential for applications like generative AI, autonomous driving, and government defense.
https://www.ibtimes.sg/google-breaks-ties-scale-ai-following-metas-power-move-ai-data-war-escalates-80360Several US media outlets report that Meta and OpenAI are making significant investments in AI-infused hardware, following the failure of the AI Pin, a gadget worn like a badge that was marketed by startup Humane but discontinued due to lack of buyers. OpenAI has partnered with Apple's Ive's startup, while Google is working on mixed-reality glasses with AI smarts and Amazon is enhancing Alexa capabilities in its Echo speakers and displays. Futurum research director Olivier Blanchard envisions an AI interface that allows users to interact with AI without being connected to the internet, citing concerns about reliability, security, cost, and environmental impact. OpenAI has recently hired former Facebook executive Fidji Simo as head of applications to address the hardware question, while Google chief Sundar Pichai advocates for "ambient computing" where technology blends into the world, waiting to be called upon through spoken dialogues.
https://www.victoriaadvocate.com/news/nation/big-tech-on-a-quest-for-ideal-ai-device/article_d803c03e-0968-5e08-b7f8-6b86ad43ca26.html