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Finance

U.S. Pentagon AI deputy who led Anthropic exclusion sells Perplexity and xAI stakes

Emil Michael, the U.S. Defense Department’s deputy undersecretary for research and engineering and chief technology officer, sold a stake in AI search startup Perplexity in June for $5 million to $25 million, according to reports citing disclosures. The sales followed earlier disposals of xAI and Brex stakes. The timing has drawn scrutiny because Michael played a key public role in the Pentagon process targeting Anthropic, while Perplexity and xAI compete for U.S. government AI contracts.

AI & Enterprise

Crowdworks wins government AI Hub data building project

Crowdworks said on Monday it has won a contract to build “complex document-based knowledge inference data” under the Science and ICT Ministry-led 2026 AI Hub training data (inference) programme run by the National Information Society Agency. It will carry out the work as a consortium led by Crowdworks with Wart Intelligence and Zendive participating. The consortium plans to produce more than 10,000 cases of inference training data from multimodal public documents.

AI & Enterprise

MSIT to back GovTech startups to pilot private AI for public sector issues

South Korea\'s Ministry of Science and ICT said on Sunday it selected 18 projects for its 2026 programme to support GovTech startups in piloting and commercialising AI. The scheme matches public agencies\' on-site needs with startups that have suitable technologies and solutions. After reviewing 82 applications, the ministry chose 18 projects. Selected pilots cover public service upgrades, regional and social problem-solving, and public infrastructure innovation.