Mayor's office says force only engaged with one supplier before deputy refused to approve deal worth up to £50M The Metropolitan Police Service (MPS) has published 30 tender notices covering more than £300 million of future technology requirements after London's deputy mayor for policing and crime blocked its purchase of software from Palantir. On May 20, Kaya Comer-Schwartz refused to approve the...
Mayor's office says force only engaged with one supplier before deputy refused to approve deal worth up to £50M The Metropolitan Police Service (MPS) has published 30 tender notices covering more than £300 million of future technology requirements after London's deputy mayor for policing and crime blocked its purchase of software from Palantir. On May 20, Kaya Comer-Schwartz refused to approve the MPS's proposed contract with Palantir UK, which was worth £25.3 million in 2026-27 with a one-year optional extension of £24.8 million in 2027-28, according to a Mayor of London spokesperson. The spokesperson told The Register: "Given the tight budgetary constraints the police and all public services are operating under, it is even more important that robust processes are followed when awarding contracts as large as £25M a year. The public would expect full and proper scrutiny of whether contracts like this provide value for money. REG AD "In this case, the Met only engaged with one potential supplier, Palantir. It also did not present their procurement strategy to the Deputy Mayor for approval as required. The process followed by the MPS for the award of the contract has not adequately ensured, or demonstrated, value for money. REG AD "MOPAC [Mayor's Office for Policing and Crime] fully support the Met using the very latest technology to drive efficiencies, but the correct processes must be followed, demonstrating value for money for the London taxpayer. Otherwise, the Met risks having to make further changes to compensate for their investment not working." The Mayor's office also raised wider concerns about public sector buyers becoming locked into contracts or systems where costs increase but moving to another provider becomes difficult. The MPS disputed the decision. "The decision by MOPAC is disappointing," said a spokesperson. "We need to modernize and use the very best technology available. We must be able to innovate at a faster rate than hostile states and organiz...
A structural shift is underway in the biodefense landscape. The declaration of a Public Health Emergency of International Concern (PHEIC) by the World Health Organization on May 17, 2026, for the Bundibugyo virus Ebola outbreak should be seen by investors as more than a headline, because it is a fundamental catalyst. This declaration compels sovereign nations and non-governmental organizations to ...
A structural shift is underway in the biodefense landscape. The declaration of a Public Health Emergency of International Concern (PHEIC) by the World Health Organization on May 17, 2026, for the Bundibugyo virus Ebola outbreak should be seen by investors as more than a headline, because it is a fundamental catalyst. This declaration compels sovereign nations and non-governmental organizations to reassess their strategic national stockpiles. The focus has pivoted from reactive containment to proactive readiness, prioritizing rapid, decentralized diagnostic capabilities that can be deployed at scale. This creates a powerful macro tailwind for companies positioned to meet this demand. The market response was immediate and sector-wide. Following the WHO's announcement, established players with cleared products saw their stock prices rise, such as OraSure Technologies NASDAQ: OSUR, which holds an FDA-cleared OraQuick Ebola Rapid Antigen Test, whose shares climbed 9.7%. Similarly, vaccine developer GeoVax Labs NASDAQ: GOVX saw a surge of over 32% following validation of its Ebola and Marburg virus programs. Get Co-Diagnostics alerts: Sign Up For investors, this pattern confirms that capital flows aggressively into equities offering tangible solutions to emerging biothreats. The key differentiator is not just the technology, but the ability to deliver it globally, bypassing logistical chokepoints during a crisis. Why Local Manufacturing Is a National Security Play This is where Co-Diagnostics' NASDAQ: CODX strategic positioning merits close examination. Co-Diagnostics announced it is advancing a PCR assay development strategy for a BDBV-specific test and a pan-Ebola test capable of detecting multiple virus species. While its core CoPrimer technology offers enhanced specificity, the operational strategy is what sets it apart. Instead of relying on a centralized manufacturing model, Co-Diagnostics operates through a network of international joint ventures. This decentralize...
Micron’s (MU) rally has blown past every major memory stock boom of the past three decades. The memory chipmaker blasted past $1 trillion in market value Tuesday, notching its best day since November 2011 and turning one of the market’s most cyclical businesses into one of the AI trade’s wildest winners. Memory chips have historically acted like a commodity business. When supply is tight and price...
Micron’s (MU) rally has blown past every major memory stock boom of the past three decades. The memory chipmaker blasted past $1 trillion in market value Tuesday, notching its best day since November 2011 and turning one of the market’s most cyclical businesses into one of the AI trade’s wildest winners. Memory chips have historically acted like a commodity business. When supply is tight and prices rise, profits jump. When supply catches up, prices fall, margins get hit, and the stocks usually follow. This move is starting to look different. Micron stock is up more than 860% over the past 12 months, according to weekly Yahoo Finance data. That beats the PHLX Semiconductor Index (^SOX) by nearly 700 percentage points — the largest gap in data back to 1995. Nvidia (NVDA), also shown in the chart, is still up over the same period. But its 12-month return now trails the SOX, underscoring how extreme Micron’s move has become even inside a booming chip tape. The prior pre-2026 peak was about 260 percentage points during the 2009 memory rebound. In other words, Micron is not just breaking out — it’s making past memory cycles look small. The reason is AI. Investors are treating high-bandwidth memory less like another commodity input and more like a bottleneck in the AI build-out. Nvidia still dominates the GPU story, but the market is now chasing the parts of the supply chain where capacity is tight, demand is surging, and pricing power is suddenly visible. That leadership handoff shows up clearly in the data. Nvidia is still up about 55% over the past 12 months but now trails the SOX by roughly 110 percentage points. Micron, meanwhile, is beating Nvidia by more than 800 percentage points. That does not mean Micron has replaced Nvidia as the defining AI stock. It means the AI trade has moved deeper into the machinery behind the boom. If the old memory cycle was about pricing rebounds, this one is about AI capacity — and Micron is trading like memory has become the next chok...
In the growing list of Indian-origin executives leading major global technology firms, Micron Technology chief executive officer Sanjay Mehrotra is emerging as a key figure in the artificial intelligence-driven semiconductor race. Mehrotra, who serves as chairman, president and chief executive officer of Micron Technology, has entered the billionaire club as investor interest in advanced memory ch...
In the growing list of Indian-origin executives leading major global technology firms, Micron Technology chief executive officer Sanjay Mehrotra is emerging as a key figure in the artificial intelligence-driven semiconductor race. Mehrotra, who serves as chairman, president and chief executive officer of Micron Technology, has entered the billionaire club as investor interest in advanced memory chips continues to surge. According to Quiver Quantitative, his estimated net worth now stands at $1.2 billion. Micron Technology, which develops memory and data storage products including DRAM, NAND and High Bandwidth Memory (HBM), has seen strong momentum amid rising demand linked to artificial intelligence infrastructure and data centres. The company’s stock rally has significantly boosted its market valuation, with reports noting that Micron crossed the $1 trillion mark during the ongoing AI-driven market boom. The company has also become a major investor favourite in the semiconductor space as global demand for memory chips accelerates. Mehrotra joined Micron in 2017 after spending nearly three decades at SanDisk Corp. He was among the co-founders of SanDisk in 1988 and later served as its president and chief executive officer from 2011 to 2016, overseeing its expansion into a Fortune 500 company before its sale in 2016. SanDisk has also witnessed a sharp rise in its stock performance amid increased focus on AI-linked semiconductor and storage companies. Originally from India, Mehrotra completed his engineering studies at BITS Pilani before moving to the United States for higher education. He earned bachelor’s and master’s degrees in electrical engineering and computer science from the University of California, Berkeley. He also attended the Stanford Graduate School of Business Executive Program. As Micron expands alongside the broader artificial intelligence boom, Mehrotra’s rise has placed him among prominent Indian-origin technology leaders heading major American comp...
The release of Pope Leo XIV’s first encyclical on AI, “Magnifica Humanitas”, has lit a fire under global thought leadership in the realm of technology. Unapologetically long-form in a pagan world of YouTube shorts, the Pope’s 43,000-word document frames AI as a civilisational turning point comparable to the Industrial Revolution. While themes such as the concentration of power, autonomous warfare,...
The release of Pope Leo XIV’s first encyclical on AI, “Magnifica Humanitas”, has lit a fire under global thought leadership in the realm of technology. Unapologetically long-form in a pagan world of YouTube shorts, the Pope’s 43,000-word document frames AI as a civilisational turning point comparable to the Industrial Revolution. While themes such as the concentration of power, autonomous warfare, labour displacement, and the manipulation of democratic institutions may be familiar enough to readers, the Pontiff has framed these as issues calling us to choose between two fundamentally different metaphorical projects – a hubristic tower of Babel, which idolises profit at the expense of the weak, or a collaborative rebuilding of Jerusalem, which cultivates “justice and fraternity”. The document comes not long after Palantir circulated a combative 22-point manifesto derived from Alex Karp’s “The Technological Republic”, calling, among other things, for national service, American power, and a new era of deterrence built on AI. While the Pope does not name individuals or companies, the contrast between the two worldviews could not be clearer. Whilst Palantir claimed that “the limits of soft power, of soaring rhetoric alone, have been exposed”, the Pope has effectively said, “hold my beer” and made one of the most striking soft-power plays since the UK King’s visit to the US. Most fundamentally, where Palantir asserted “The question is not whether AI weapons will be built; it is who will build them and for what purpose”, the Pontiff has responded by saying “AI must be disarmed”. At the same time as delivering a spiritual broadside against the Palantir worldview, it was striking that the Pope was accompanied by, among others, Anthropic co-founder Christopher Olah. Invited to speak, Olah highlighted the importance of a “duty to the global poor” and the need for “moral imagination”. On the face of it, this positioned Anthropic very differently from Palantir (and their more di...
(Bloomberg) -- Taiwan prosecutors suspect that three individuals successfully smuggled at least one shipment of Nvidia Corp. AI chips to China after first exporting them to Japan, people familiar with the matter said. Most Read from Bloomberg The trio was detained last week by Taiwan’s Keelung District Prosecutors Office for allegedly falsifying documents related to exports of Super Micro Computer...
(Bloomberg) -- Taiwan prosecutors suspect that three individuals successfully smuggled at least one shipment of Nvidia Corp. AI chips to China after first exporting them to Japan, people familiar with the matter said. Most Read from Bloomberg The trio was detained last week by Taiwan’s Keelung District Prosecutors Office for allegedly falsifying documents related to exports of Super Micro Computer Inc. servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked the island democracy’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing China’s tech access. When Taiwan authorities apprehended the three defendants — who’ve now been officially detained — they also seized about 50 servers for which they accuse the trio of preparing fraudulent export documents. But at least one shipment had already gone through Taiwan customs, according to the people familiar with the matter, who requested anonymity to speak about an ongoing criminal investigation. That earlier shipment went to Japan before eventually making it to Hong Kong, a known waypoint for hardware that’s ultimately shipped to mainland China, the people said. The people declined to specify the amount of hardware that Taiwan authorities believe was successfully smuggled. The defendants also allegedly planned to use Japan as an intermediary location for the batch of servers that Taiwan officials seized last week, according to the people. The probe may be the first known instance of prosecutors targeting an AI-chip smuggling route through Japan, a close ally of the US and cornerstone of American defense strategy in the Asia-Pacific. Other cases have focused on diversion via Southeast Asia, including the biggest such indictment in the US. An official with the Japanese Ministry of Finance’s Customs Bureau declined to comment, referring Bloomberg to an existing agreement on mutua...
In this article NBIS NVDA META Follow your favorite stocks CREATE FREE ACCOUNT Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Sopa Images | Lightrocket | Getty Images Dutch cloud provider Nebius popped in premarket trading Thursday after an ex-OpenAI employee's fund disclosed a sizeable stake in...
In this article NBIS NVDA META Follow your favorite stocks CREATE FREE ACCOUNT Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Sopa Images | Lightrocket | Getty Images Dutch cloud provider Nebius popped in premarket trading Thursday after an ex-OpenAI employee's fund disclosed a sizeable stake in the firm . Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, now owns 12.4 million Class A shares of the AI firm, according to a filing published on Wednesday. That represents a 5.6% stake. Situational Awareness manages billions in funds and invests in the physical infrastructure necessary for the future of AI. Nebius, which is listed in the U.S., was last seen up 11% in premarket trading. The stock is up 149% year-to-date. Stock Chart Icon Stock chart icon Nebius shares year-to-date. Nebius has emerged as a key AI compute provider in Europe and has secured several partnerships in recent months, including a $27 billion deal with Meta in March. Nebius will provide $12 billion of dedicated capacity and up to $15 billion of additional compute capacity over five years as part of the deal. It also secured a $2 billion investment from Nvidia in the same month. The deal will see the two firms collaborate on AI infrastructure deployment, fleet management, inference and AI factory design and support. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Key Points Delaying Social Security past full retirement age gives you boosted benefits for life. A delayed claim could lead to more near-term income and larger survivor benefits. It could also stop you from having the retirement experience together you've always wanted. The $23,760 Social Security bonus most retirees completely overlook › There are a number of retirement decisions you and your sp...
Key Points Delaying Social Security past full retirement age gives you boosted benefits for life. A delayed claim could lead to more near-term income and larger survivor benefits. It could also stop you from having the retirement experience together you've always wanted. The $23,760 Social Security bonus most retirees completely overlook › There are a number of retirement decisions you and your spouse might have to make jointly -- downsize versus stay put, tap IRAs versus taxable accounts, and figure out when to claim Social Security. But the latter decision could end up being the toughest one yet. Delaying Social Security past full retirement age allows you to grow your benefits. Those monthly checks will get an 8% boost for each year you hold off, until you reach age 70. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But that doesn't make delaying a no-brainer. Here are some pros and cons of waiting on Social Security as a couple. The advantages of delaying benefits The biggest reason couples opt to delay Social Security is simple -- larger monthly checks for life. Those larger benefits could take a lot of financial pressure off, help you preserve your nest egg, and give you an opportunity to pay for experiences you've always wanted to have together. Delaying Social Security could also be a smart move in the context of survivor benefits. Not only will you both have larger checks to begin with, but if the higher earner in your household passes away before the lower earner, the lower earner will be entitled to more generous survivor benefit payments. The drawbacks of delaying benefits Despite the benefits, delaying Social Security is not automatically the best choice for every couple. The most obvious downside is that delaying means giving up years of payments up front. That could mean missing ou...
King Luther Capital Management Corp raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,159 shares of the semiconductor manufacturer's stock after buying an additional 12,843 shares during the period. King Luther Capital...
King Luther Capital Management Corp raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,159 shares of the semiconductor manufacturer's stock after buying an additional 12,843 shares during the period. King Luther Capital Management Corp's holdings in Advanced Micro Devices were worth $15,454,000 as of its most recent SEC filing. A number of other hedge funds have also added to or reduced their stakes in the stock. Impax Asset Management Group plc grew its position in shares of Advanced Micro Devices by 326.5% during the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock valued at $8,424,000 after acquiring an additional 39,861 shares during the period. Jefferies Financial Group Inc. grew its position in shares of Advanced Micro Devices by 6,228.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after acquiring an additional 303,154 shares during the period. Williamson Legacy Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $1,118,000. Zweig DiMenna Associates LLC grew its position in shares of Advanced Micro Devices by 127.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after acquiring an additional 40,708 shares during the period. Finally, Valtinson Bruner Financial Planning LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $1,523,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors. Get Advanced Micro Devices alerts: Sign Up Advanced Micro Devices Stock Down 1.7% AMD opened at $495.54 on Thursday. The firm has a 5...
(RTTNews) - German stocks fell on Thursday following U.S. conducting fresh strikes in Southern Iran and Tehran retaliating by targeting a U.S. air base. Inflation concerns rose as oil prices climbed higher. According to Reuters, the U.S. launched fresh strikes in Iran near the Strait of Hormuz in the wee hours of Thursday, striking for the second time in 48 hours. Iran said a return to war was unl...
(RTTNews) - German stocks fell on Thursday following U.S. conducting fresh strikes in Southern Iran and Tehran retaliating by targeting a U.S. air base. Inflation concerns rose as oil prices climbed higher. According to Reuters, the U.S. launched fresh strikes in Iran near the Strait of Hormuz in the wee hours of Thursday, striking for the second time in 48 hours. Iran said a return to war was unlikely, while Trump told a televised White House cabinet meeting that Tehran wanted a deal but had not yet offered enough. "Iran is very much intent, they want very much to make a deal. So far they haven't gotten there. We're not satisfied with it, but we will be," he said. "Either that or we'll have to just finish the job." The benchmark DAX, which dropped to 25,079.50, was down 81.55 points or 0.33% at 25,136.41 a little while ago. Bayer drifted down 2.5%. Siemens Energy, BMW, Fresenius, Hannover RE, Munich RE, Scout24, Fresenius Medical Care, Merck, Daimler Truck Holding and Mercedes-Benz shed 1%-1.7%. Rheinmetall climbed nearly 4.5%. Infineon Technologies moved up nearly 2% and Adidas gained 1.85%, while SAP added about 1%. Deutsche Boerse and MTU Aero Engines posted modest gains. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.