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• European investors are shifting their focus toward defense companies with specialized technological expertise as valuations for leading industry players become overpriced. • France's 10-year government bond yields rose by 32 basis points to 4.21 per cent over the past month, surpassing the borrowing costs of Italy and Greece. • Rising borrowing costs are challenging the ability of European nations to meet their target of allocating 3.5 per cent of GDP to defense spending by 2035.

• Nvidia has secured $500 billion in funding from Wall Street to expand its AI infrastructure. • The investment is aimed at scaling the hardware and systems necessary to support the next generation of Large Language Models (LLMs). • This massive capital injection underscores the immense financial commitment from investors to maintain the rapid growth of AI capabilities.

• A new wave of AI startups is emerging to challenge industry giants by developing next-generation Large Language Models (LLMs). • These companies are focusing on overcoming fundamental flaws in current technology, specifically targeting reasoning capabilities and the ability to process massive amounts of input. • The shift is significant because many current AI advances are viewed as "workarounds" or patches rather than core technological evolutions.

• NASA is preparing to launch the Roman Space Telescope on August 30, marking the arrival of the agency's next major space observatory. • The telescope is designed for unprecedented efficiency, capable of completing Milky Way observations in one month that would take the Hubble Space Telescope approximately a century to finish. • This mission matters because it will enable astronomers to perform tasks and observations that are currently impossible with existing technology.

While RAF Lakenheath holds its secrets, neighbours contend with plane spotters, protesters and sonic boomsThe local people know there is something going on when the internet and phone signal drops dead, they say. If the heavy bombers are flying low, the teachers will pause their school assembly until the thunderous din has passed. The parish council has been briefed on the intricacies of sonic booms. Car insurance is more expensive here as the Americans “can’t drive” and sometimes find themselves on the wrong side of the road. The base became less open to its neighbours after 9/11. But everyone knows there are secrets held beyond the barbed wire, not least that this is where the nukes are stored.RAF Lakenheath is the largest US air force (USAF) base in Europe, part of what is known as the “tri-base area” of Suffolk, a stretch of 20 sq miles (52 sq km) of land leased to the US government around which a peculiar ecosystem has developed over the eight decades of the American presence. Continue reading...

A Pakistani official said he expected talks to restart soon, but it may take longer than Trump suggested. Plus: how to stop catastrophizing? Here’s what experts sayGood morning.Donald Trump has said that US-Iranian peace talks could resume in Islamabad over the next two days.Have Israel and Lebanon had talks yet? Yes. The two held negotiations about their conflict in Washington – their first direct talks in over three decades. The US state department praised the two sides for having “productive discussions” but Hezbollah has said it will not abide by any agreements made by Israeli and Lebanese government negotiators in Washington.For the latest updates, follow our liveblog. Continue reading...