Edition Summary (20 Pages)

AI infrastructure economics faced renewed scrutiny as rising borrowing costs and construction delays pressured Oracle, CoreWeave and other data centre investors, while Microsoft withdrew from Nscale’s UK project over power-grid constraints. Anthropic’s commitment to allocate 5% of its shares to a public benefit fund attracted attention ahead of a potential IPO, alongside concerns about AI’s workforce impact. Enterprise vendors strengthened agentic AI capabilities and oversight, with Microsoft introducing continuous agent monitoring and dynamic permissions, while ServiceNow expanded employee-built agents and governance controls. Amazon’s TorchNeuron challenged Nvidia’s software advantage as competition intensified across AI hardware and infrastructure. Sovereign AI initiatives also expanded internationally, although research questioned whether providers’ sovereignty and data control claims withstand scrutiny.