Select Water to acquire Pilot Water for $700 million in cash and stock

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Former Ukrainian Defense Minister Mykhailo Fedorov is launching a new defense technology venture. Palantir CEO Alex Karp is serving as the startup’s first lead investor. This initiative aims to commercialize Ukraine’s battlefield innovations for allies. Former Google CEO Eric Schmidt also developed a low-cost drone for Ukraine. These efforts highlight Ukraine’s growing defense technology sector.

The proposed Electronic Design Automation programme will rely heavily on industry executives in its initial phase as academia struggles to keep pace with rapidly changing chip-sector skill requirement