Big Tech is officially becoming Big Energy. Amazon’s $20 billion joint venture to build its own nuclear reactors signals an aggressive attempt to bypass local power grids and sustain the AI arms race. Meanwhile, the global defense industry is undergoing a violent paradigm shift, abandoning legacy warships for cheap, autonomous drones as Middle East conflicts expose the vulnerabilities of traditional military spending.

• Farnborough Airshow's wartime pivot: Lockheed Martin and Anduril unveil "attritable" autonomous drones as defense ministries bypass testing cycles for emergency contracts.• Amazon's $20B nuclear joint venture: AWS partners with Constellation Energy to deploy Small Modular Reactors (SMRs), bypassing municipal grids for AI power.

• Big Tech earnings test: Wall Street demands proof from Alphabet and Amazon that mas ...