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Britain is writing a serious check for its next generation of air power. The UK government has committed seven hundred and eight million pounds to advance technologies for the Royal Air Force's Tempest fighter jet program. The announcement, timed to coincide with the Farnborough Airshow, also includes funding for a hypersonic target drone and a loyal wingman prototype, signaling that the race for next-generation aerial dominance is very much underway.
Shifting to something considerably more personal, Alphabet beat revenue expectations this quarter but raised its artificial intelligence spending forecast once again, and the market punished it for the ambition. The nuance here is telling: investors are growing impatient with the gap between AI investment and AI returns, even as the chip sector reads more spending as a bullish signal. Bitcoin, which has been tracking that chip complex, climbed back above sixty-five thousand dollars on the news.
And finally, remember Jibo, the little social robot that charmed and then quietly disappeared? A spiritual successor called iKairos has arrived, and it wants to turn your family moments into AI-generated images and video. Billed as a wearable AI journal, it raises a genuine question about whether nostalgia and novelty are enough to make us comfortable handing our most intimate memories to an algorithm.
Keep surfing. Tech Beat out.
