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Jon Keegan

Trump’s tax bill gives Anduril a monopoly on “autonomous” border surveillance towers

Tucked into President Trump’s tax bill, which was singed into law last week, is $6 billion allocated for “border security, technology and screening,” a key piece of his administration’s plan to restrict immigration to the US.

The Intercept reports that one restriction on the application of these funds is likely to benefit only one company: weapons manufacturer Anduril.

(b) Restrictions.--None of the funds made available under
subsection (a) may be used for the procurement or deployment of
surveillance towers along the southwest border and northern border that have not been tested and accepted by U.S. Customs and Border Protection (CBP) to deliver autonomous capabilities.

Backed by Trump supporter, venture capitalist, and hardcore “The Lord of the Rings” fan Peter Thiel (via his Founders Fund), Anduril just so happens to be the only company selling “autonomous” surveillance towers that have been certified by CBP, such as the company’s “Sentry” towers.

This restriction gives Anduril a massive edge, and effectively grants a monopoly on this type of border tech.

The Intercept reports that one restriction on the application of these funds is likely to benefit only one company: weapons manufacturer Anduril.

(b) Restrictions.--None of the funds made available under
subsection (a) may be used for the procurement or deployment of
surveillance towers along the southwest border and northern border that have not been tested and accepted by U.S. Customs and Border Protection (CBP) to deliver autonomous capabilities.

Backed by Trump supporter, venture capitalist, and hardcore “The Lord of the Rings” fan Peter Thiel (via his Founders Fund), Anduril just so happens to be the only company selling “autonomous” surveillance towers that have been certified by CBP, such as the company’s “Sentry” towers.

This restriction gives Anduril a massive edge, and effectively grants a monopoly on this type of border tech.

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This earnings season, all eyes are on cloud revenue growth

AI computing demand is generating huge revenue streams for hyperscalers, but the market is closely watching the pace of growth, which is slowing.

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Nokia surges as Nvidia invests $1 billion in company, a 2.9% stake

Nvidia is taking a 2.9% stake in Nokia, as the Finnish mobile networking company has successfully pivoted to AI and data center technology.

In a press release announcing the deal, Nokia said:

“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture.”

Nokia’s stock shot up over 20% on news of the deal.

“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture.”

Nokia’s stock shot up over 20% on news of the deal.

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Apple market cap tops $4 trillion

The world’s most valuable companies keep getting more valuable. Today, Apple briefly surpassed a market cap of $4 trillion, joining the likes of Microsoft and Nvidia, though shares had turned slightly negative as of 10:13 a.m. ET. The iPhone maker, which reports quarterly earnings on Thursday, has been riding high off news of positive sales growth for its iPhone 17.

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