Inside

• India's strategy to become a global AI powerhouse by building applications on top of foreign foundational models is facing significant challenges. • The country currently struggles with a lack of sovereign computing power and insufficient available capital to scale its AI infrastructure. • Critics argue that current efforts to curb dependence on foreign models, such as those from Anthropic, are "too slow" and "way too small" to be effective.

• Chinese AI lab DeepSeek has closed its first external funding round, raising over CNY 50 billion (approximately US$7.4 billion). • The deal values the large-language model developer at more than US$50 billion, establishing it as China's most valuable AI startup. • This massive capital injection underscores the intense competition in the AI sector and DeepSeek's strategic position as a national champion.

Shooting reported at Wilmington hospital as officials decline to give details about status of victimsA suspect was still at large on Tuesday after two people were shot inside a hospital in Delaware, police said in a press conference.The hospital was locked down as police searched for the suspect. Continue reading...

• Kesko has agreed to acquire Dahl’s technical trade operations in Sweden, Norway, and Denmark from the Paris-listed company Saint-Gobain. • The acquisition represents the largest transaction in Kesko's history, with the acquired businesses generating nearly €2.1 billion in combined net sales for 2025. • This strategic move strengthens Kesko's technical trade presence across Scandinavia, complementing its existing HPAC and electrical product operations in Finland, Poland, and the Baltics.

• BofA analyst Wamsi Mohan raised the price target for International Business Machines Corporation (NYSE:IBM) from $300 to $315 on June 8. • The analyst maintained a "Buy" rating for the company's shares despite the target increase. • This optimistic outlook is driven by a massive projected wave of investment in an ecosystem of AI innovators expected to reshape the global economy.

• A new report highlights AI industry trends for 2026, indicating widespread adoption of AI content. • Despite its ubiquity, trust in AI-generated content remains a significant issue, with accuracy and review habits under scrutiny. • The report aims to provide insights for teams currently working with AI, helping them navigate the challenges of AI content creation.

Protests across the city turned violent on Tuesday night – with some police officers appearing to conclude it wasn’t safe to interveneOn a residential street draped in loyalist flags near Belfast’s Shankill Road, the masked men approached a house with a boarded-up window and a security camera stationed outside.As a woman from an ethnic minority background looked down from an upstairs window, some of the men rushed the front door and broke it down. With the air thick with smoke from fireworks, they attacked the downstairs windows with bricks. Continue reading...