Business AcquisitionGovernment Operations

Pentagon Shakes Up Defense Procurement, Embraces Startup Culture to Challenge Industry Giants

The US Army is preparing to fundamentally transform its acquisition system to favor nimble startups over established defense contractors. Army Secretary Dan Driscoll vows to disrupt a system that has “lined the primes’ pockets for so long” with reforms expected within weeks.

Defense Procurement Faces Radical Overhaul

The US Army is preparing to fundamentally transform its weapons acquisition system, with Secretary Dan Driscoll announcing plans to favor agile startups over traditional defense primes in what analysts suggest could be the most significant procurement reform in decades. According to reports, the military will unveil changes to equipment purchasing processes “in just a matter of weeks” as it seeks to accelerate innovation and reduce dependence on major contractors.

Assistive TechnologyBusiness Acquisition

BlackRock-Nvidia Consortium Acquires Aligned Data Centers in $40B AI Infrastructure Deal

A consortium backed by BlackRock, Nvidia, and Abu Dhabi’s MGX has acquired Aligned Data Centers in a massive $40 billion transaction. The deal marks the first major investment for the AI Infrastructure Partnership formed last year and signals continued massive spending on artificial intelligence infrastructure.

Major AI Infrastructure Acquisition

A consortium including BlackRock and Nvidia has acquired Aligned Data Centers from Australian Macquarie Group‘s asset management division in a transaction valued at $40 billion, according to reports emerging Wednesday. Sources indicate this represents the first major deal for the AI Infrastructure Partnership, which was formed last year with backing from Abu Dhabi-based fund MGX and Elon Musk‘s startup xAI.