Daily Tech: Major Tech Wins Signal Acceleration in AI, Defense, and Connectivity Sectors

FutureGate | June 03 2025

Applied Digital Signs $7 Billion AI Infrastructure Deal with CoreWeave

Applied Digital has secured one of the largest infrastructure deals in the AI sector to date, finalizing two 15-year lease agreements with AI hyperscaler CoreWeave. The deal will provide 250 megawatts of critical IT load at Applied’s Ellendale, North Dakota data center campus. The contracts are expected to generate approximately $7 billion in total revenue over the life of the agreement.

This long-term commitment is a strong signal of AI's expanding infrastructure footprint and growing demand for high-performance computing. From a fund manager’s perspective, this deal not only validates the strategic value of Applied Digital's assets but also highlights the increasing investment flows into the data center space—critical enablers of AI model training and deployment.

Jacobs Awarded $4 Billion U.S. Space Force Contract

Jacobs Technology, a key player in aerospace and defense engineering, has won a $4 billion contract from the U.S. Department of Defense to support the U.S. Space Force. The contract includes mission-critical engineering, system integration, and digital modernization services, reinforcing Jacobs' positioning as a strategic partner in national security initiatives.

This award reflects the broader reallocation of U.S. defense spending toward space and cyber-capabilities. For long-term investors, Jacobs’ involvement with Space Force underscores its exposure to a fast-growing segment within defense, and reinforces the durability of earnings backed by multi-year federal contracts.

Optus to Bundle Perplexity AI with Mobile Plans

Australian telecom giant Optus has announced a partnership with Perplexity AI, offering a complimentary 12-month subscription to the AI-powered search engine as part of select mobile plans. The integration signals a growing trend of telcos embedding AI tools directly into consumer offerings to drive differentiation and added value.

Perplexity AI, often described as an “AI-native alternative to Google,” enhances user search experiences through conversational interfaces and contextual responses. This bundling move could boost user engagement and average revenue per user (ARPU), while also giving Perplexity AI greater distribution scale—an important factor as competition intensifies in AI-powered consumer applications.

Nvidia CEO: Automotive Segment Is a Multitrillion-Dollar Opportunity

In a recent statement, Nvidia CEO Jensen Huang declared that the company’s automotive business could evolve into a multitrillion-dollar opportunity. Nvidia’s DRIVE platform, which powers advanced driver-assistance systems (ADAS), in-vehicle infotainment, and autonomous vehicle capabilities, has seen surging demand from automakers accelerating toward software-defined vehicles.

This is a key vertical often overlooked in Nvidia’s broader AI narrative, but with software and chip content per vehicle rising sharply, the addressable market is growing. For equity investors, this statement reframes Nvidia as more than a GPU provider—it’s increasingly a full-stack platform player across industries like gaming, data centers, and now automotive, with structural growth tailwinds across each.