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Here's your afternoon, TNB Tech Minute for Friday, August 1st.

I'm Adriana Aspuru for the Wall Street Journal.

NOMA Security, a New York-based startup that polices artificial intelligence agents,

says it has raised $100 million in investment capital.

Even though it's a relatively new technology,

a number of businesses are already using

AI agents in areas ranging from product development to marketing, sales, customer service,

cybersecurity, and other tasks. The company says it has dozens of customers across financial

services, life sciences, retail, and other industries. Plus, in an earnings call this

week, Apple said it would substantially increase capital expenditures in the year ahead.

A Quilterchievi analyst says that Apple is starting to spend on AI, but it's way behind its tech

competitors. So far, Apple has invested $10 billion on AI, compared with $130 billion,

$120 billion, and $85 billion at Microsoft, Amazon, and Google, respectively. The analyst also says

this increase in spending would be a positive sign that Apple is preparing to be more aggressive

about its future capabilities. Finally, Palantir was awarded a $10 billion 10-year contract that

should be an additional tailwind for the software company, according to analysts at Wedbush.

This comes as the federal government accelerates its artificial intelligence initiative.

Analysts say the deal establishes a framework for the Army's future software and data needs

by pulling together dozens of contracts into a single agreement with volume-based discounts.

...