Activist hedge fund Elliott bets $1 billion on British platinum producer

Fortune— The activist hedge fund led by Paul Singer has exposure to almost 33.6 million Anglo American shares via derivatives, per a filing.

Honolulu Star-Advertiser—Google to fund $1 billion for internet subsea cables. Plans to construct several new fiber-optic internet subsea cables that will improve Hawaii’s internet reliability and connectivity were announced Tuesday by Lt. Gov. Sylvia Luke and Benji Robinson, director of Asia Pacific network planning and acquisition for Google.

New Scientist—Australia places A$1 billion bet on quantum computing firm PsiQuantum. A joint investment by the Australian federal government and the government of Queensland makes PsiQuantum one of the largest dedicated quantum computing firms in the world

Geeky Gadgets—$6.1 Billion CHIPS and Science Act Funding invested in Micron. Semiconductors form the backbone of modern electronics, powering everything from smartphones and computers to advanced medical devices and innovative military technology. The United States has long been a leader in semiconductor manufacturing, but in recent years, the industry has faced increasing competition from overseas manufacturers. Recognizing the strategic importance of maintaining a strong domestic semiconductor […]