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AI is killing the summer internship. The entry-level pipeline that built careers is breaking.
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AI is killing the summer internship. The entry-level pipeline that built careers is breaking.

Katelyn Watterson owes her career to a summer internship. As a student at American University, she spent a summer working for a high-end beauty brand in New York. Her boss offered her a full-time job over drinks at the Plaza Hotel.…

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Ferrari’s CEO says the Luce deserves “respect.” Its former chairman says it deserves a different logo.
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Ferrari’s CEO says the Luce deserves “respect.” Its former chairman says it deserves a different logo.

#thenextweb#ferrari#luce#electric#design

Ferrari CEO Benedetto Vigna used a round table in Modena on Thursday to defend the €550,000 ($640,000) price tag for the Luce, the company’s first fully electric vehicle. The car was unveiled on Monday.…

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Berlin’s Stark is raising €300M at a €2.5B valuation. The kamikaze drone maker was founded 18 months ago.
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Berlin’s Stark is raising €300M at a €2.5B valuation. The kamikaze drone maker was founded 18 months ago.

#thenextweb#billion#stark#valuation#systems

Stark, a Berlin-based strike drone startup founded in 2024, is in discussions to raise at least €300 million at a valuation of approximately €2.5 billion, the Financial Times reported.…

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SpaceX just won a second Golden Dome contract. This one is $4.16 billion.
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SpaceX just won a second Golden Dome contract. This one is $4.16 billion.

#thenextweb#billion#spacex#space#golden

The US Space Force awarded SpaceX a $4.16 billion contract on Friday to build satellites that track foreign aircraft and missiles. The programme is called Space-Based Advanced Moving Target Indicator, or SB-AMTI.…

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Picogrid raises $45M to become the neutral integration layer for modern defence
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Picogrid raises $45M to become the neutral integration layer for modern defence

#thenextweb#systems#picogrid#defence#company

The Pentagon is buying defence hardware faster than it can make any of it talk to each other. Sensors, autonomous platforms, edge compute, electronic-warfare payloads, space and undersea systems, all arriving at once, each speaking its own dialect.…

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Autodesk buys MaintainX for $3.6bn to push from design into operations
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Autodesk buys MaintainX for $3.6bn to push from design into operations

#thenextweb#autodesk#design#maintainx#company

Autodesk has spent four decades selling the software that engineers and architects use to design buildings, factories and machines. With its latest acquisition, it is buying its way into what happens after those things are built.…

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A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance
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A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance

#thenextweb#spacex#company#governance#musk

Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg.…

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Australia’s workplace tribunal says AI-assisted claims have helped drive a 70% workload increase in three years
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Australia’s workplace tribunal says AI-assisted claims have helped drive a 70% workload increase in three years

#thenextweb#commission#work#generative#tools

Australia’s Fair Work Commission has announced a review of its processes to cope with what it described as an estimated 70% workload increase over three years, driven in part by the proliferation of generative AI assistance tools.…

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