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OpenAI spent $34bn last year as it lines up for an IPO

OpenAI spent $34bn in 2025, more than two and a half times what it took in, as it prepares to file for one of the largest public listings ever attempted. The figure, reported by the Financial Times, lays out in stark terms what the race to build frontier AI now costs the company leading it. The […]

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As Europe rearms, the ‘wingman’ drone takes centre stage at the Berlin airshow

The aircraft drawing crowds at last week’s Berlin airshow was not the one with a pilot in it. The “loyal wingman,” an uncrewed jet built to fly beside a manned fighter and carry the extra sensors, jammers, and weapons the fighter cannot, has become Europe’s defence obsession, and four companies turned up to sell it. […]

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Ukraine gains access to EU emergency cyber response for major attacks

Ukraine can now draw on emergency European Union cyber support to respond to large-scale incidents, after the Council of the EU approved its inclusion in the EU Cybersecurity Reserve on 15 June. The decision extends a defensive mechanism built for member states to a country whose networks have been under sustained attack since Russia’s full-scale […]

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