Technology

• Oracle shares plummet 11% in premarket, dragging down AI stocks - Shares in Nvidia, Micron and Microsoft were also lower in premarket trade on Thursday.
• AI defense booms in UK and Germany as new wave of billion-dollar startups emerge - The UK and Germany have become key hubs for defense startups in Europe and the U.S.
• Why Big Tech is doubling down on India with billions in investment - Despite being a laggard in some key areas of artificial intelligence, India is becoming a major investment destination for Big Tech companies.
• Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom - South Korea's SK Hynix is considering a U.S. listing as it grows in market cap and production capacity.
• Oracle's stock slides 7% on revenue miss even as AI backlog soars - Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
• ‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up - The company's Starcloud-1 satellite is running Gemma, an open model from Google, marking the first time in history that an LLM has been trained in outer space.
• Australia just pulled the trigger on a teen social media ban. Governments worldwide are watching - Australia has enacted the world's first ban on social media usage for users under the age of 16, in a move expected to be monitored by global lawmakers.  
• Amazon pledges a massive $35 billion worth of investments in India’s AI space through 2030 - Amazon has committed to investing $$35 billion in India’s cloud and AI space by 2030, as hyperscalers race to get a foothold in the market.
• Microsoft to invest $17.5 billion in India's AI infra as Big Tech queues up for the Asian market - Microsoft has pledged $17.5 billion of investment in India's cloud and AI infrastructure, as more major tech players commit to the growing market.
• Trump's blessing of Nvidia AI chip sales to China gets a chilly reception from GOP - Trump said Chinese President Xi Jinping "responded positively" to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.