The row over alleged discrimination against Kannadigas in Bengaluru’s IT sector has escalated. Karnataka Rakshana Vedike activists have visited over 100 tech companies, demanding details of their workforce and the percentage of Kannadigas employed across job categories. The group calls it a recruitment audit, despite Deputy CM DK Shivakumar’s warning against moral policing. Can activist groups demand hiring data from private companies, or is this overstepping the line? #Bengaluru# #DKShivakumar# #Kannadiga# #ITSector# #TechFirms#

American tech firms spend ~$1T annually on AI infrastructure, facing a $3T hurdle, according to TS Lombard. $QQQ $SPY Debt financing is expanding, with hidden ecosystem liabilities estimated at up to $2T as borrowing costs rise. $NVDA remains the ecosystem barometer, where artificial demand inflation could quickly convert component shortages into a glut. PEG ratio: Nvidia = 0.48 $MSFT = 1.71 Seeking Alpha Quant Ratings: Nvidia = Strong Buy Microsoft = Hold Investor returns ultimately depend on enterprise adoption generating revenue before debt service forces capital spending cuts. Can AI revenue catch up to AI debt?

ONDAS ACQUIRES 3 DEFENSE TECH FIRMS FOR $56M $ONDS is acquiring Insignito, Ottopia Defense and Caribou Labs for a combined $56M in cash or stock, with up to another $32M tied to performance milestones through 2028. Ondas says the purchase price is less than 3x the businesses’ expected 2027 revenue. The acquisitions add passive acoustic counter-drone detection, software for remotely managing unmanned ground and aerial systems, and communications/positioning technology for GPS-denied environments. Several of the technologies are already deployed in active conflict zones.

🇺🇸LATEST: Big Tech firms that backed Trump are now writing BIG checks to Democrats ahead of the midterms, per WSJ. Meta and other major companies are preparing for potential congressional, and even criminal, investigations over the tens of millions they gave to Trump, his projects and Republican initiatives. Some firms are creating internal task forces, hiring former Democratic aides and preparing for potential hearings and subpoenas if Democrats retake the House. Democrats need to gain just a handful of seats to take control of the House in November, while the GOP-controlled Senate is also increasingly viewed as a tossup.

SK Hyper is in talks with big tech firms and financial investors to secure funding for an envisioned $350 billion data center buildout, joining a global rush to roll out AI infrastructure despite concerns about future demand