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Hard Numbers: Search wars, Lumen lights up, Anduril gets a raise, Public-private partnership
An image of a woman holding a cell phone in front of a Perplexity AI logo displayed on a computer screen.
Artur Widak/NurPhoto via Reuters
500: Lumen Technologies is watching its stock surge thanks to AI. The US telecom company revealed its fiber optics infrastructure is in demand by data centers needed for the AI boom. The company’s stock jumped 500% in the past month, when it was hovering around $1 per share.
14 billion: Palmer Luckey’s defense tech company, Anduril, just raised $1.5 billion in a new funding round, valuing the company at $14 billion. Luckey, best known as the founder of Oculus VR, which he sold to Meta in 2014, started Anduril in 2017 to make drones and other autonomous aircraft, and it is seen as one of the major AI companies challenging the legacy defense contractors.
100,000: The state of California has struck a partnership with Nvidia to train 100,000 students in AI-related skills. The initiative focuses on community colleges and will feature new curriculums, certifications, workshops, and labs to get students ready for careers in AI — including those with the state government.Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
Think you know what's going on around the world? Here's your chance to prove it.
A Democrat won Miami’s mayoral race for the first time in nearly 30 years. The Republican defeat will ring some alarms for the party – and their support among Latino voters.
50: Mexico’s President Claudia Sheinbaum is taking a page out of US President Donald Trump’s book, implementing up to a 50% tariff on more than 1,400 products in a bid to boost domestic production.