chips act

IBM is set to receive $1 billion from the US government as part of a $2 billion quantum computing funding package. This investment, aimed at bolstering domestic manufacturing and accelerating development in strategic technology sectors, includes minority equity stakes for the government.

Nvidia reported record revenue and unveiled its new "Vera" CPU, targeting a massive $200 billion market for AI agents. This strategic move aims to counter rising competition from rivals like Intel, AMD, and cloud giants developing their own AI silicon. Huang believes billions of AI agents will require dedicated CPUs, projecting significant growth.

Following the Vikramshila Setu's partial collapse, the Bhagalpur district administration has established vital boat and ferry services across the Ganga, acting as a crucial lifeline for commuters and small vendors. Large cargo vessels are also ferrying essential materials and vehicles, ensuring continued trade and movement. Strict monitoring of these waterway operations is in place to prevent violations.

A routine dog walk on Norfolk's Happisburgh beach in 2000 unearthed a remarkable handaxe, pushing back the timeline of early human habitation in Northern Europe to over 780,000 years ago. This discovery shattered previous assumptions about hominin survival in harsh climates, revealing a sophisticated toolmaker. The coast continues to be a vital, albeit fragile, archive of our distant past.

During their discussions, President Trump and Xi Jinping placed Taiwan at the forefront of their diplomatic agenda. Trump perceives arms sales to Taiwan as a way to gain leverage, whereas Taiwan insists on its importance for regional harmony. Given its strategic significance in the technology sector, especially in chip manufacturing, any tension involving Taiwan could disturb the global economy.

Taiwan's defense ministry reported Chinese military activity, with four aircraft and six naval vessels detected around the island. Three aircraft crossed the Taiwan Strait median line. This follows a day of heightened activity, with 16 aircraft and eight vessels observed, 13 of which crossed the median line. These incursions underscore rising regional tensions.

In a fascinating twist to our understanding of dinosaur behavior, new theropod tracks unearthed in China indicate that these formidable predators sometimes took it slow, strolling at a cautious 1 km/h. This revelation disrupts the typical fast-paced, thrilling portrayals often seen in movies, presenting a new perspective on how dinosaurs might have navigated their worlds.

A chance discovery in Egypt's Valley of the Kings unearthed the tomb of Tutankhamun. This untouched treasure trove revealed golden artefacts and offered a unique glimpse into ancient Egyptian life. The find redefined historical understanding and sparked global fascination. Even today, scientific analysis of the tomb's contents yields new insights into the past.

Anthropic's paper outlines two scenarios for US-China AI leadership by 2028. In one, the US maintains its compute advantage through tightened export controls, leading to democratic AI norms. The other sees China overtaking the US if policymakers fail to act, resulting in authoritarian AI dominance.

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Nvidia CEO Jensen Huang emphasizes operational rigor, learned from washing dishes, as crucial for hyper-growth, debunking the myth that only engineering brilliance and funding suffice. He advocates for first principles thinking and meticulous attention to mundane tasks, arguing that this foundational discipline builds resilient, scalable tech companies capable of sustainable excellence.

Karnataka's food safety watchdog found namkeens, dairy products, and spices to be the most unsafe in 2025-26. Excessive synthetic colours in snacks and low fat content in milk and butter were major concerns. Over 390 food businesses faced legal action, with penalties totaling Rs 77 lakh. Despite this, the state saw significant growth in new food businesses.

The EU is preparing a "Tech Sovereignty Package" to reduce reliance on foreign cloud providers for sensitive government data. New rules will mandate European cloud infrastructure for critical sectors, limiting US tech giants like Microsoft, Amazon, and Google. This move aims to bolster European digital control amid growing geopolitical tensions.

In his first encyclical, titled Magnifica Humanitas, or Magnificent Humanity, the Pope warns of the dangers of Artificial Intelligence, comparing it to the Tower of Babel and stating: “Humanity, created by God in all its grandeur, is today facing a pivotal choice: either to construct a new Tower of Babel or to build the city in which God and humanity dwell together.”

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.