Bloomberg Technology reports that Amazon is set to acquire satellite communications company Globalstar in a deal valued at $11.6 billion. The acquisition highlights Amazon's strategic move to expand its footprint in satellite technology and telecommunications. This transaction is expected to enhance Amazon’s capabilities in providing global connectivity and support its broader ambitions in space-based infrastructure.
In addition to this major deal, Bloomberg Technology covers other significant developments including Lucid's announcement of a new CEO, Silvio Napoli, who aims to accelerate the company’s robotaxi initiatives supported by a recent capital infusion. The program also notes that the US Treasury Department is exploring the use of Anthropic's Mythos AI model to identify potential security weaknesses in its systems, signaling growing interest in AI-driven cybersecurity solutions.