A push in defense tech

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Tech Across the Globe

Political hack: Diplomats in Southeast Asia were targeted in a cyber spying campaign earlier this year that was probably waged by a China-linked group, according to a report from Google researchers.

Mideast data centers: Saudi Arabia artificial intelligence startup Humain has broken ground on its first data centers and plans to have them running by next year with chips imported from the US.

SpaceX delay: Elon Musk’s SpaceX delayed a critical test launch of its massive Starship rocket for a second straight day. A heavy cloud cover caused Monday’s cancellation after a planned Sunday liftoff was scrubbed because of a liquid oxygen leak.

Revalued

Buyout firm Thoma Bravo is at it again. The private equity firm agreed to buy Verint Systems for $1.23 billion in cash just days after cutting a deal to acquire software provider Dayforce for $12.3 billion. Verint specializes in software for customer service automation. Thoma Bravo has been aggressively bidding for software assets this year.

Must Read

German defense tech experienced uncommon momentum in the last few days: It feels like things are actually moving, and mostly forward, Christina Kyriasoglou reports in today’s Tech In Depth. Private companies and the country’s military are starting to spend money to get new tech capabilities going.

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This Week in Power On

Apple, for the first time ever, is planning three straight years of major iPhone redesigns, Mark Gurman reports in this week’s Power On. The company is trying to reinvigorate its flagship product even as rivals pivot toward more AI-centric products, he writes.

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