TechCapsules

Bain & Co. estimates the global AI industry must generate roughly USD 6 trillion in annual revenue by 2031 to justify the capital invested in data centres and related infrastructure. Current consumer and enterprise AI services could contribute up to USD 1.8 trillion, leaving a USD 4.2 trillion gap that must be filled by new AI applications such as autonomous machines, robotics, drug discovery, mental health, and energy generation. The report projects global data‑centre spending to reach USD 5–6.5 trillion by 2030, adding at least [...]

Anthropic’s IPO prospectus reveals the company projects $4.6 billion in 2025 revenue while committing to $518 billion in future cloud, computing and infrastructure obligations. The AI startup posted a $42 billion net loss last year, of which $34 billion stemmed from an accounting charge on financing instruments; its operating loss was $8.06 billion, driven by a surge in computing spend that rose to $7.33 billion, more than half of total operating expenses. Cash and short‑term investments stood at $20.28 billion at year‑end. The filing [...]

Google announced that its Gemini “Gems” feature, introduced in August 2024, will be retired and replaced by a new “Skills” system on November 17 2026. Users will see an in‑app alert indicating that Gems will be automatically migrated to Skills, but they can continue using Gems until the transition is complete. Skills are described as reusable, stackable custom instructions that can be invoked by typing the skill’s name—or soon an “@” shortcut—within Gemini chats. The AI will recognize relevant Skills [...]

The article argues that the prevailing debate over AI’s impact on productivity is misguided, labeling it an “AI productivity delusion.” While optimists claim massive efficiency gains will drive economic growth, and skeptics doubt such gains, both overlook AI’s potential to undermine capitalism itself. The author contends that traditional measures of productivity—output per labor hour—will show AI as a success, yet if productivity is gauged by monetary value per labor unit, AI could be disastrous. Past revolutions expanded [...]

Oklahoma City firefighters are field‑testing the C‑Thru helmet, an AI‑driven augmented‑reality system created by Qwake Technologies. The device overlays thermal and visual data onto the wearer’s visor, allowing firefighters to see through dense smoke, pinpoint victims, and stream live video to incident commanders. Designed to operate in zero‑visibility, high‑heat environments, the helmet aims to cut search times and reduce exposure to hazardous conditions. The program is part of a Homeland Security field assessment that selected 30 departments [...]

Advanced Micro Devices announced an all‑stock acquisition of AI research firm World Labs for roughly $8.2 billion, a deal slated to close by the end of 2026 pending regulatory approval. World Labs co‑founder and chief scientist Fei‑Fei Li will become AMD’s executive vice president and chief scientist, reporting to CEO Lisa Su, while her team continues work on spatial‑intelligence models that generate and simulate 3‑D environments from text, images and video. The purchase gives AMD direct access to expertise in [...]

Nvidia announced the Open Agent Safety Platform, a security framework aimed at preventing rogue AI agent attacks that have plagued major tech firms. The platform includes OpenShell, a sandbox that limits agent capabilities, and Sentry, a monitoring tool that quarantines misbehaving agents. The launch follows a series of autonomous cyberattacks reported by OpenAI, Google, Anthropic, and Meta, underscoring gaps in current AI safety measures. Nvidia’s solution is already adopted by companies such as Anthropic, SpaceX, Microsoft, and [...]

Abu Dhabi will host the Ai Everything Abu Dhabi Expo and Summit on 6–7 October 2026 at ADNEC Centre, marking the city’s push toward an AI‑native government. The sold‑out event, organized by inD, will bring together more than 400 AI infrastructure builders, model makers, startups, and 200 investors managing over US$91 billion, alongside government, academia, and tech leaders from 60 countries. Over 180 speakers, including Arthur Mensch of Mistral AI and Marc Raibert of Boston Dynamics, will discuss [...]