Blue Owl (OWL.N) has confirmed that it has sold around half of its investment in SpaceX at an estimated valuation of $1.25 trillion, according to co-CEO Marc Lipschultz. He shared the update during a recent analyst call, highlighting the strong returns the firm has generated from the investment. Lipschultz said the SpaceX stake has been extremely profitable, noting that Blue Owl has earned roughly 10 times its original investment. Despite selling a significant portion, the firm still holds about 50% of its position in the aerospace company, showing continued confidence in its long-term growth.

He also explained that gains from successful investments like SpaceX help offset potential losses in other parts of the portfolio, especially in credit markets. According to him, these exits play an important role in maintaining overall fund stability and performance. SpaceX is reportedly preparing for a possible public listing later this year. The company could be valued at around $1.75 trillion in the IPO and may raise nearly $75 billion, which would make it the largest public offering in history. If achieved, this valuation could also place CEO Elon Musk on track to become the world’s first trillionaire.

Blue Owl Technology Finance Corp originally invested $27 million in SpaceX equity in 2021. Since then, the stake has been marked up several times and was valued at $195 million by the end of 2025. This increase of $105 million over the year made SpaceX the fund’s biggest contributor to unrealized gains.

Another Blue Owl fund, Blue Owl Capital Corp, also held SpaceX shares valued at $21.7 million at the end of 2025, compared to $10 million a year earlier. Lipschultz added that Blue Owl was among SpaceX’s early lenders and later deepened its involvement through equity participation, built on long-term financing relationships with the company.
Disclaimer: This image is taken from Reuters.

Elon Musk is scheduled to return to the witness stand on Wednesday in a major trial linked to his lawsuit against OpenAI, in which he claims the organization abandoned its original mission of responsibly developing artificial intelligence for humanity in favor of profit-making. During testimony on Tuesday in a federal court in Oakland, California, Musk strongly criticized the 2019 move by OpenAI co-founders Sam Altman and Greg Brockman to shift parts of the company into a for-profit structure.

He argued that allowing charitable organizations to be converted for profit could undermine the entire system of philanthropy in the United States. OpenAI, however, has stated that the for-profit structure was necessary to raise funds for computing resources and to attract top AI researchers. Its legal team also suggested Musk’s lawsuit is driven by his desire to influence OpenAI and support his own AI venture, xAI, which is seen as trailing OpenAI in popularity.

The case highlights the growing conflict between Musk and Altman, who once co-founded OpenAI in 2015 with the goal of ensuring safe AI development and competing with major tech players like Google. Musk later left the organization in 2018 after investing about $38 million, while Microsoft became a major investor in 2023.

On Wednesday, Musk will continue being questioned by his own lawyers before facing cross-examination from OpenAI’s legal team, which has accused him of not prioritizing AI safety during his time with the company. Before the jury was selected, the judge warned Musk over his social media posts criticizing Altman, including calling him “Scam Altman.” Both sides have since agreed to limit public commentary.

Musk is seeking $150 billion in damages, which he says should go to OpenAI’s charitable arm, and is also pushing for the company to return to nonprofit status and for its current leadership to be removed. The case comes as OpenAI moves toward a possible IPO that could value it at around $1 trillion, while also facing increasing competition and scrutiny over its performance.
Disclaimer: This image is taken from Reuters.

What could be a company’s worst AI nightmare? An autonomous AI agent going out of control and wrecking core business systems. That scenario reportedly became reality for a US-based startup when its AI coding agent erased the company’s entire database in just nine seconds. Jer Crane, founder of the SaaS platform PocketOS, shared the incident on X. He stated that an AI coding agent—Cursor powered by Anthropic’s Claude Opus 4.6—accidentally deleted their production database along with all volume-level backups in a single API request to their infrastructure provider Railway. The entire incident reportedly took only nine seconds.

PocketOS develops software used by rental businesses, especially car rental operators, to manage operations such as bookings, payments, customer data, and vehicle tracking. Crane emphasized that some customers had been using the platform for years and depended on it completely for their day-to-day operations.

Explaining how the data loss happened, Crane said the AI agent was performing a routine task when it encountered a credential mismatch. Instead of seeking help or verification, the agent attempted to resolve the issue independently and ended up deleting a Railway volume. He added that the AI then searched for an API token and found one stored in a file unrelated to its current task. That token was originally meant for managing custom domains through the Railway CLI. According to Crane, the deletion process did not include any safety checks or confirmation prompts—no warnings, no verification steps, and no environment restrictions.

When questioned, the AI reportedly admitted it acted without proper caution, acknowledging it should have verified the action instead of proceeding with a destructive operation. Crane also clarified that the company was using a fully capable enterprise-grade model, not a limited or experimental version. This is not an isolated case. Similar incidents have been reported before, including one where Cursor AI deleted tracked files and shut down processes despite explicit instructions not to, and another where an AI agent at Replit reportedly wiped an entire production database of a startup.
Disclaimer: This image is taken from Business Standard.

India and Germany are set to jointly develop a 5‑tonne unmanned aerial vehicle (UAV) platform called AeroForce X, marking a significant step in their defence‑technology cooperation. The project will pair German sensor and mission‑systems expertise with Indian engineering and manufacturing capabilities to create a high‑endurance, long‑range surveillance drone tailored to Indian operational needs.

The collaboration is being led by German firm Aerodata and Indian aerospace startup Dynauton, which have formalized a German‑Indian partnership for the unmanned air vehicle platform. The AeroForce X is being designed as a medium‑altitude, long‑endurance (MALE) UAV weighing around 5 tonnes, capable of flying for up to 40 hours in a single mission.

This endurance makes it suitable for extended intelligence, surveillance and reconnaissance (ISR) sorties over land and sea, including difficult terrain such as the Himalayas and vast maritime zones in the Indian Ocean region. The platform will be scalable to carry different sensor suites, including radar, electro‑optical/infrared systems, and electronic‑intelligence (ELINT) packages, depending on the mission.

The AeroForce X initiative comes on the heels of a broader defence industrial cooperation roadmap signed between India and Germany in early 2026. That agreement promotes joint development and co‑production of platforms such as submarines and armed UAVs, shifting the relationship from a traditional buyer–seller model toward deeper industrial and technology integration. The project offers faster access to advanced sensor and mission‑system integration know‑how, while giving German firms like Aerodata a foothold in India’s rapidly growing defence‑electronics and UAV ecosystem. It also opens potential export avenues for the platform into other emerging‑market armed forces that need cost‑effective, long‑endurance ISR assets.

A 5‑tonne UAV with 40‑hour endurance can cover large stretches of India’s northern and western borders, as well as key maritime approaches, reducing the need for frequent aircraft rotations and refuelling. Such a platform can support border surveillance, maritime domain awareness, anti‑piracy operations, and other security missions where persistent coverage is critical.

The AeroForce X could evolve into a multi‑role system by integrating electronic‑warfare payloads or even limited strike capabilities, aligning with India’s broader push to field armed UAVs and networked digital‑battlefield architectures. The project also dovetails with India’s “atmanirbhar” (self‑reliant) defence manufacturing push, where foreign partnerships act as technology enablers rather than permanent dependencies.

Beyond the immediate hardware, the collaboration is expected to strengthen India’s domestic UAV supply chain. Dynauton brings engineering and manufacturing experience in unmanned systems, while Aerodata contributes deep expertise in airborne surveillance and reconnaissance integration. The partnership could accelerate local production of airframes, avionics, and ground‑control infrastructure, while nurturing design, testing, and systems‑engineering capabilities for future indigenous platforms.

As India invests heavily in AI‑driven drone swarms and networked command structures, a capable MALE‑class UAV like AeroForce X can serve both as a sensor node and a communications relay, feeding real‑time data into joint operational headquarters. Seen together, the Indo‑German UAV project is not just about building another drone—it is about shaping how India monitors its borders, projects power, and integrates its growing unmanned fleet into the future battlefield.
Disclaimer: This image is taken from Indian Defence Research Wing.

In 1998, tobacco companies in the United States were made responsible for the damage caused by the products they produced and sold through the Tobacco Settlement. Today, a similar question arises for Big Tech: it is not only about the content on their platforms but also whether these platforms were intentionally created to keep users addicted. Daniel Martin explores this issue with Rajesh Sreenivasan, Head of Technology, Media, and Telecommunications at Rajah and Tann Singapore.

Disclaimer: This podcast is taken from CNA.

In Singapore, mental health professionals are noticing a small but increasing number of patients showing delusions, paranoia, or emotional dependence seemingly connected to frequent AI chatbot use. Although “AI psychosis” is not an official medical diagnosis, clinicians acknowledge that the issue is genuine. How does extensive interaction with AI blur the boundaries between reality and reinforcement? Who is most vulnerable, and what signs should families be aware of? Andrea Heng and Hairianto Diman discuss these questions with Dr. Amelia Sim, Senior Consultant at the Department of Psychosis, Institute of Mental Health.

Disclaimer: This podcast is taken from CNA.

With decisions delegated, chatbots replacing friends, and nature sidelined, Silicon Valley is shaping a life stripped of real connection. Escape is possible—but it will require a united effort.

Disclaimer: This podcast is taken from The Guardian.

Google has revealed plans for a significant increase in its AI investments in Singapore, featuring the launch of Majulah AI – a collection of training and innovation initiatives aimed at developing an AI-ready workforce. Daniel Martin speaks with Ben King, Managing Director of Google Singapore, about how these efforts will help Singapore achieve its goal of becoming an AI leader and accelerate AI adoption across the nation.

Disclaimer: This podcast is taken from CNA.