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Trump Announces $21 Billion Investment for GlobalFoundries
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.GLOBALFOUNDRIES INVESTMENT:President Donald Trump wrote on Truth Social, "ANOTHER MASSIVE 21 BILLION DOLLAR INVESTMENT FOR AMERICA! Today, under my leadership, GlobalFoundries and my Department of Commerce led by Secretary Howard Lutnick announced a MASSIVE 21 BILLION INVESTMENT to build 2 giant new Semiconductor Manufacturing Facilities in Malta, New York... Under my direction, JAPAN WILL PROVIDE THE CAPITAL for the 21 Billion Dollar Investment. This DEAL is a result of my HISTORIC TRADE DEALS to REVITALIZE the American Industrial Base, create HUNDREDS OF THOUSANDS OF GREAT AMERICAN JOBS, and strengthen our National and Economic Security."We are turning the Investment commitments from Japan, Korea and Taiwan into HUGE Construction Projects. These are TRANSFORMATIONAL AND GENERATIONAL DEALS FOR AMERICA - More Semiconductors, more Power, more Energy Security, and more Jobs for the U.S.A. As I showed with our massive WIN with INTEL, my Administration's Commerce Department is the first to ever earn money for America. I am announcing an additional agreement with GlobalFoundries where the U.S. Taxpayer will receive shares in GlobalFoundries. My Commerce Department will invest 955 Million Dollars in Silicon Photonics, Silicon Germanium, and Advanced Packaging. This brings our total Investments to 1.63 Billion Dollars, and now, the U.S. Government's stake is worth over 2 Billion Dollars. We are the first Administration ever to turn Grants into money for America. Your great Businessman President running the Greatest Economy in the World - AN ALL-AROUND HUGE WIN FOR AMERICA!"ACCESS TO STARSHIELD:U.S. President Donald Trump did not order limits on Ukraine's access to SpaceX's Starshield, Kate Sullivan, Ellen Milligan, and Sana Pashankar of Bloomberg, citing comments made by a senior U.S. official. Earlier this week, Ukrainian President Volodymyr Zelenskyy accused Trump and SpaceX CEO Musk of restraining their access to the technology, arguing it led to civilian deaths because their interceptors using Starshield could no longer effectively knock down Russian drones. The official's comment does not remove the possibility a different official or agency curbed Kyiv's access to the technology.BALLROOM:Nvidiaand Appleeach committed $25M, the top amount, to President Trump's White House ballroom, while Microsoftand Palantireach committed $10M, and Metaand Amazon$5M, The Washington Post.
Meta Launches Muse Spark Open, First Desktop AI Model
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.MUSE SPARK OPEN:Meta Platformsannounced that Muse Spark Open is available today and brings leading agentic capabilities to users desktop for the first time on Apple M5 Ultra Mac Studios. The company is releasing the weights for Muse Spark Open, what Meta calls "the most capable US open-weight model to date." Muse Spark Open is a natively multimodal model with 816B total parameters and a 1M-token context window. Muse Spark Open is the first model in its class to run on your desktop using two Apple M5 Ultra Mac Studios with the latest MLX framework. Muse Spark Open is available today through API platforms at Baseten, Fireworks AI, Groq, Modal, Nebius, OpenRouter and Together AI. Model weights are available for download on Amazon SageMaker AI, Google Cloud Model Garden, Hugging Face, and Microsoft Foundry Models. It runs on leading inference engines like SGLang, vLLM, TensorRT-LLM, Hugging Face Transformers, Apple MLX, llama.cpp, and Unsloth with optimizations for AMD, Apple, Intel, and Nvidiasilicon. Developers can easily further customize the model using the PyTorch framework.SAFETY:NvidiaCEO Jensen Huang said the chipmaker "absolutely must" work with Chinese AI companies on monitoring risks, telling CNBC that AI is "potentially dangerous," and that he has ongoing "dialogues" with researchers in China, Kai Nicol-Schwarz. "We absolutely should work with each other so that we advance the technology safely," he told CNBC.BEE FRONTIER, ECLIPSE:Amazonis introducing two new AI products from Bee: Bee Frontier, the next generation of its AI wearable, and Bee Eclipse, an all-new design that attaches magnetically to your phone. Bee Frontier is personal AI users can wear on their wrist or clip on to clothes. Bee Eclipse is a new addition to the Bee lineup, giving customers more options beyond a wearable. It's a slim, lightweight device about the size of a credit card that attaches to the back of your phone magnetically. "Bee Eclipse works like Bee Frontier, helping you turn conversations into useful summaries, insights, and to-dos," the company explained. In addition to a new generation of hardware, Bee is introducing the ability to connect to Alexa+ and Amazon.com. By connecting Bee to Alexa+, users can get hands-free access to their summaries, insights, and to-dos, so instead of pulling out their phone, users ask Alexa for a meeting summary, check their to-dos, or pull up the name of the book their friend suggested. Bee Frontier is available now for $74.99 in Onyx, Lavender, and Sage at Amazon.com. Bee Eclipse will be available soon, starting at $99.99 in Silver, Midnight, Honey, and Blush.QUANTUM AI:Google Quantum AIsaid in a blog post that it has "demonstratively opened up a key bottleneck in quantum computing." The company explained, "We've shown that 'magic state cultivation' works in practice on our Willow processor, reducing errors about 40x compared to without it. This breakthrough, published today in Science, is a crucial step towards scaling up quantum computing to practical use." Stocks in the quantum computing space include IonQ, D-Wave Quantum, Rigetti Computing, Quantum Computingand Xanadu Quantum.SPACE AI SANDBOX:Perplexity has open-sourced its SPACE AI sandbox to contain rogue agents, securing distribution partnerships with CoreWeave, Akamai, and Crusoe as the industry increasingly emphasizes security guardrails alongside model alignment, Semafor's Reed Albergotti. "A lot of companies are thinking about how to build secure AI agents, and in many cases they hit a wall," said Zibi Braniecki, a member of the technical staff at Perplexity, in an interview with Semafor. "We have a solution." Publicly traded companies in the cybersecurity space include Check Point (CHKP), CrowdStrike, CyberArk, F5, Fortinet, Gen Digital, Okta, Palo Alto Networksand Qualys.
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