Daily Tech: Capital Shifts to AI Infrastructure, Advanced Mobility, and Life-Saving Medtech

FutureGate | June 04 2025

Joby Aviation Signs $1 Billion Air Taxi MoU with Saudi Arabia’s ALJ

Joby Aviation ($JOBY), a pioneer in electric vertical takeoff and landing (eVTOL) aircraft, has signed a memorandum of understanding valued at up to $1 billion with Abdul Latif Jameel (ALJ), a major Saudi conglomerate. The agreement could see Joby’s air taxis deployed across the Middle East, supporting regional mobility transformation goals tied to Saudi Vision 2030 and wider GCC infrastructure overhauls.

For Joby, the agreement not only enhances commercial visibility but also signals institutional trust from a strategic capital partner with deep logistics, real estate, and automotive interests in the region. While regulatory and operational execution remains on the horizon, the deal validates Joby's product-market fit in one of the world’s most capital-rich transformation corridors.

WeRide and Renault Deploy Autonomous Shuttles at Roland-Garros

Chinese autonomous driving startup WeRide and French auto giant Renault collaborated to deploy autonomous shuttles during the Roland-Garros tennis tournament in Paris, making it one of the highest-profile AV pilots in Europe this year.

This deployment is notable for its integration in a live urban environment with heavy foot traffic and global attention. It demonstrates real-time feasibility for driverless transport in complex event settings — an important milestone on the path toward wider municipal and commercial adoption. Renault’s collaboration underscores the continued pivot of legacy automakers toward autonomy partnerships to stay competitive in future transport.

Bivacor Secures Breakthrough Designation for Artificial Heart

In a major development for advanced medical technology, Bivacor has been granted Breakthrough Device Designation by the FDA for its total artificial heart, made of lightweight titanium. The compact, magnetically levitated device has successfully supported a patient for over 100 days while awaiting a transplant — an unprecedented signal of clinical viability.

This designation will accelerate regulatory review and commercialization — a critical factor given the growing gap between transplant demand and donor availability. The addressable market for artificial heart devices is substantial, particularly in North America and Europe where chronic heart failure rates are rising. This marks a potentially disruptive moment in cardiac care, with strong implications for long-duration life-support solutions.

Meta Signs 20-Year Nuclear Energy Deal with Constellation Energy

Meta Platforms (META) announced a landmark 20-year power purchase agreement with Constellation Energy (CEG), one of the largest providers of nuclear energy in the U.S. The deal ensures long-term access to baseload, zero-emissions power to support Meta’s growing AI infrastructure, including data centers running large language models and generative AI workloads.

This is Meta’s largest energy procurement to date, and marks a strategic shift from reliance on intermittent renewables (solar, wind) toward more stable and dispatchable clean energy sources. As AI model training and inference become increasingly energy-intensive, the move signals a broader shift among tech giants toward clean, scalable infrastructure investment to sustain AI expansion.

Rubrik and AMD Partner on AI-Powered Cloud Security Solutions

Rubrik, a leader in cloud data protection and ransomware recovery, has teamed up with AMD to launch AI-optimized cloud security infrastructure. The partnership will combine AMD’s high-performance processors with Rubrik’s AI detection models to offer real-time, adaptive security for enterprise cloud environments.

As the attack surface of digital operations grows, enterprises are demanding faster, more intelligent threat response capabilities. This partnership plays directly into that demand — aiming to offer cloud-native, scalable, and cost-effective cyber protection solutions, particularly as generative AI increases both threat complexity and data volumes.