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Palantir Technologies has emerged as a top performer in the S&P 500, with shares surging over 70% this year despite a tech sector slowdown. The company, heavily reliant on US government contracts, recently secured a $30 million deal with ICE, marking its largest award from the agency. While Palantir's transformation into a broader AI platform has driven commercial growth, concerns about its political ties and reliance on government contracts may pose risks to long-term expansion. The company's valuation, with a forward price-to-earnings ratio of 200.47, reflects significant investor optimism but also raises questions about sustainability amid mixed analyst sentiment.
TSMC has delayed the construction of its second wafer fabrication plant in Kumamoto, Japan, due to local traffic congestion complaints linked to its first facility. The company is in discussions with the Japanese government to address these issues before proceeding, with no revised timeline provided. This delay reflects broader challenges in semiconductor manufacturing, including labor shortages and regulatory hurdles affecting global expansion efforts.
Microsoft is proposing an "open agentic web" that shifts online interactions from user-led to AI agent-based systems, capable of tasks like booking holidays and managing expenses. CEO Satya Nadella highlighted the potential of these agents, while experts caution about the risks of trusting AI with critical decisions due to their lack of awareness of consequences. The vision faces significant technical, ethical, and adoption challenges as major tech companies invest heavily in this transformative approach.
Microsoft has launched Bing Video Creator, an AI tool that generates short videos from text prompts using OpenAI’s Sora model, now available on the Bing mobile app. This move intensifies competition with Google’s Veo 3 and highlights ongoing concerns over data sourcing and copyright issues in AI development. As the market evolves, legal and ethical challenges may reshape the landscape of AI video tools, prompting calls for more transparent data practices.
Malaysia's government has partnered with UAE-based Presight to enhance digital transformation through AI technologies and sovereign cloud infrastructure, focusing on national security and government efficiency. This collaboration, formalized at the ASEAN-GCC Economic Forum 2025, aims to position Malaysia competitively in the regional AI landscape, addressing challenges in talent and infrastructure while fostering economic growth.
Atif Rahman, founder and chairman of ORO24, discusses the intersection of AI, data centres, and proptech, emphasizing that AI is fundamentally about data and algorithms. He warns of the risks associated with unregulated technology and highlights the potential of data centres as a significant opportunity in real estate. Rahman also reflects on the challenges facing proptech and the transformative power of integrating technology with real estate.
GoTo and Indosat Ooredoo Hutchison have launched an updated Sahabat-AI model featuring 70 billion parameters and a multilingual chat service, accessible via sahabat-ai.com and the GoPay app. This initiative supports five local languages and aims to enhance cultural relevance while ensuring data residency and regulatory compliance. Collaborating with local universities and media, the project aligns with Indonesia's digital sovereignty goals and addresses the urgent need for AI talent development in the country.
Dutch Defence Minister Ruben Brekelmans has raised alarms over increasing Chinese espionage targeting the Netherlands' semiconductor industry, emphasizing that China seeks to acquire valuable intellectual property. The Dutch military intelligence agency identifies China as the primary cyber threat, with a notable rise in cyber activities linked to Chinese hackers infiltrating companies like NXP and ASML. In response, the Netherlands has shifted its policy towards a security-first approach, implementing export controls and investment screenings to protect its technological assets, which has led to a significant decline in semiconductor exports to China.
States are competing to attract data centres, driven by the surging demand for artificial intelligence and cloud computing. While lawmakers are offering incentives to secure these facilities, there is growing pushback from communities concerned about the environmental and energy impacts of these energy-intensive operations.
Microsoft Rus LLC, the company's Russian subsidiary, is set to file for bankruptcy, following a significant reduction in operations due to economic shifts and the ongoing conflict in Ukraine. This move aligns with Russia's strategy to diminish foreign tech influence, as seen with previous bankruptcies of other Western firms like Google. Meanwhile, Chinese tech companies are increasingly filling the void left by these exits, establishing deeper ties within the Russian market.
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Palantir shares surge amid tech sector slowdown and government contract growth
06:10 04.06.2025
TSMC delays second Japan fab construction due to traffic concerns
03:30 04.06.2025
microsoft proposes ai agents to transform the future of the internet
09:10 03.06.2025
Microsoft launches AI video creator in Bing amid rising competition and concerns
06:30 03.06.2025
Malaysia and UAE partner to enhance digital transformation through AI collaboration
11:50 02.06.2025
the future of proptech exploring ai and data centres with atif rahman
11:16 02.06.2025
GoTo and Indosat launch multilingual Sahabat-AI model for Indonesia's digital future
10:53 02.06.2025
Dutch minister highlights increasing Chinese espionage threats to semiconductor industry
01:00 02.06.2025
states compete for data centres amid rising demand and legislative pushback
09:16 31.05.2025
Microsoft Russia plans bankruptcy amid tightening digital sovereignty policies
03:00 31.05.2025
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