
Stock Movers: Babcock, WIG20 Index, LVMH
On this episode of Stock Movers: - European defense stocks are outperforming this morning as the UK plans to spend £1.5 billion to build six munitions factories, expand its fleet of attack submarines and invest in its nuclear deterrent. - Global stocks started the new month under pressure as a flare-up in global trade tensions and geopolitical uncertainty dampened investors' appetite for risk. - Warsaw WIG20 index drops as much as 3.4% in early trading after the nationalist opposition candidate wins Poland's presidential election; results are seen as a blow for pro-EU cabinet and its delayed reforms agenda as well as a test for this year's rally on local assets.
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Forbes
37 minutes ago
- Forbes
The AI Era Enters Its Sovereign Phase
Generative AI adoption started in late 2022 with public adoption of models like ChatGPT and Llama. As it drives towards its next phase of value creation with reasoning, also referred to as agentic AI, it has recently crossed the boundary from a consumer-centric application into an enterprise application. Right on the heels of this adoption is also another phase of value creation – Sovereign AI. What Is Sovereign AI? Sovereign AI refers to artificial intelligence that is developed, maintained, and controlled within a specific nation's or organization's jurisdiction, ensuring independence from external influences. This artificial intelligence is designed to align with local regulations, ethical standards, and strategic priorities, allowing governments and enterprises to maintain autonomy over their AI-driven operations. The Opportunity To Reign Supreme (Or At Least Be At The Front Of The Pack) Nvidia CEO Jensen Huang recently stated that 'AI is now an essential form of national infrastructure – just like energy, telecommunications and the internet.' Indeed, many leading countries such as the United States, United Kingdom, China, France, Denmark and the United Arab Emirates have launched sovereign AI initiatives. Stargate is an example of such an initiative from the United States. Additionally, leading AI enablers like Nvidia and OpenAI, have initiatives targeted specifically at helping entities establish their own sovereign AI capabilities. Sovereign AI is particularly crucial in areas like national security, defense, and critical infrastructure, where reliance on foreign AI models could pose risks related to data privacy, cybersecurity, or geopolitical dependencies. By building and maintaining custom AI capabilities, nations and organizations can safeguard their technological sovereignty while fostering innovation tailored to their unique needs. Moving Forward With Sovereign AI While this is a gross oversimplification of how complicated this task is for national leaders to undertake, the following are some critical areas that must be addressed in embarking on the sovereign AI journey: To this end, AI enablers like Nvidia and leading countries such as France have started to organize events. For example, at the upcoming Viva Technology event in Paris this coming June, Jensen Huang and Nvidia have organized a dedicated GTC event where interested parties can learn more. As mentioned earlier, it is important to keep in mind that sovereign AI isn't necessarily limited to national entities. Any sufficiently capable entity, whether they be nations, companies, organizations or universities interested in securing their own AI systems and capabilities from data curation and model creation to specified and focused outcomes can take advantage of sovereign AI.


The Hill
38 minutes ago
- The Hill
Army hits recruiting goal four months ahead of schedule
The Army has hit its annual recruiting goal of 61,000 new active duty soldiers, four months ahead of the end of fiscal 2025 in September, the service announced Tuesday. The Army said the goal – 10 percent higher than the 55,000 recruits it sought last year – 'represents a significant turning point for the Army and indicates a renewed sense of patriotism and purpose among America's youth,' according to a statement. The surge in new potential troops comes as the Army has significantly ramped up its recruiting efforts over the past several years in response to its struggle with number shortfalls over the past decade. That outreach included loosening certain rules and restrictions to target young Americans who historically have been unqualified to serve due to tattoos, prior medical conditions or drug use. In 2023, the Army fell about 11,000 people short of its 65,000-person goal but rebounded in 2024 to meet its goal of 55,000, though just barely. The U.S. military as a whole struggled to entice young people to serve in the midst of and in the aftermath of the COVID-19 pandemic, as well as during periods of low unemployment across the country and the emergence of more attractive job opportunities within the private sector. It is unclear exactly why the uptick in enlistments occurred after the service struggled to meet its goals across the finish line last year, but the Trump administration has insisted that the recruiting momentum is a sign of renewed excitement to serve following the presidential election. 'I want to thank the commander in chief, President Trump, and Secretary of Defense Hegseth for their decisive leadership and support in equipping, training and supporting these future Soldiers as they face a world of global uncertainty and complex threats,' Army Secretary Dan Driscoll said in the statement. 'Putting Soldiers first is having a tangible impact and shows that young people across our country want to be part of the most lethal land fighting force the world has ever seen.'
Yahoo
an hour ago
- Yahoo
Israel launches strikes on weapons in Syria
Israel said it had launched strikes on weapons belonging to Syria, hours after reports that two projectiles had been fired from Syria into Israel on Tuesday. The Israeli strikes on southern Syria caused "significant human and material losses", Syria's foreign ministry said, adding that Israel was "trying to destabilise the region". Israeli Defence Minister Israel Katz said he held Syrian interim President Ahmed al-Sharaa responsible for the projectiles launched into Israel. Despite recent indirect talks to ease tensions between the two countries, Israel has stepped up attacks on targets in Syria since Sharaa led a rebel offensive that overthrew Bashar al-Assad's regime in December 2024. "Violent explosions shook southern Syria, notably the town of Quneitra and the Daraa region, following Israeli aerial strikes," said the Syrian Observatory of Human Rights, a UK-based monitoring group. In a statement, Syria's foreign ministry said: "This escalation constitutes a blatant violation of Syrian sovereignty and aggravates tensions in the region. "Syria has never been and will never be a threat to anyone in the region." It was unclear how many people were killed or injured in Israel's strikes. Israel said the strikes came after two projectiles launched from Syria landed in open areas of the country, causing no injuries. Israeli media reported that the strikes were the first launched from Syria since the fall of the Bashar al-Assad regime. It was not immediately clear who fired the projectiles. "We consider the president of Syria directly responsible for any threat and fire toward the State of Israel," Katz said. Syria's foreign ministry said reports of the launches from inside Syria "have not been verified yet". When the Assad regime was deposed, Israel launched a wave of attacks to degrade Syrian military infrastructure. It has also encouraged the expansion of settlements in the occupied Golan Heights, territory which Israel seized from Syria in 1976 and is considered illegally occupied under international law. Last month, US President Donald Trump announced plans to lift decade-old sanctions on Syria, imposed in response to atrocities committed by forces loyal to Assad during a 13-year civil war. During that conflict, more than 600,000 people were killed and 12 million others were forced from their homes. Last month, Israel bombed an area near Syria's presidential palace in Damascus, a strike which Israeli Prime Minister Benjamin Netanyahu said was a "clear message" that it would "not allow the deployment of forces south of Damascus". UN Secretary-General Antonio Guterres said the bombing was a "violation of Syria's sovereignty".