Amazon has announced plans to acquire Globalstar, a satellite communications company, in a deal valued at $11.6 billion. This strategic purchase reflects Amazon's ongoing efforts to expand its presence in satellite technology and enhance its capabilities in global connectivity. The acquisition is part of a broader trend of major tech companies investing in space and satellite infrastructure.
In addition to this development, Bloomberg Technology covers other notable tech news, including Lucid's appointment of Silvio Napoli as its new CEO and the company's increased focus on robotaxi technology fueled by fresh capital. Meanwhile, the US Treasury Department is reportedly exploring the use of Anthropic's Mythos AI model to identify security vulnerabilities within its systems, highlighting a growing interest in advanced AI for government cybersecurity.