Musk Secures $40 Billion for SpaceX and Warns of Neocloud Shakeout
Elon Musk said SpaceX had secured $40 billion in debt financing to acquire graphics processing units (GPUs) for its artificial intelligence infrastructure. He also warned that more than 200 so-called neocloud companies could face widespread failures and consolidation as borrowing becomes harder to obtain.
President of Uzbekistan Holds Meeting with the Emir of Qatar
On October 26, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, held a meeting with the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, who arrived in the country for a working visit.
“No New Laws”: Turdimov Urges Parents to Take a More Active Role in Education
Uzbekistan’s First Deputy Prime Minister and Minister of Higher Education and Science, Erkinjon Turdimov, said new laws were not needed to address problems in education because the necessary regulations were already in place. He argued that further progress depended on enforcing existing requirements and increasing parental involvement in children’s learning.
WSJ: US Proposes Viktor Orbán for UN Secretary-General
US President Donald Trump’s administration has proposed that former Hungarian Prime Minister Viktor Orbán consider running for the position of United Nations secretary-general. According to The Wall Street Journal, Washington discussed his potential candidacy with representatives of Russia and China, who reportedly reacted favourably to the idea. Neither Moscow nor Beijing has publicly announced support for Orbán.
Google Pay Officially Launches in Uzbekistan
Uzbekistan has announced the official launch of Google Pay, a digital payment service that allows users to pay for purchases with a smartphone or other compatible device without taking out a bank card.
Bekzod Mamatkulov, Chairman of the Founders’ Council of BMB HOLDING, held talks in Milan on October 24 with Paolo Berlusconi, president of BERLUSCONI FINANZIARIA, and Roberto Tucci, president of HT HOLDING. Discussions covered investment in energy, infrastructure, and waste processing, alongside the development of Uzbek saffron production and exports.
Bobir Yakhyayev, Director of the Investment Project Consulting Department at BMB HOLDING, took part in the ninth Kazakhstan Global Investment Roundtable (KGIR-2026), held in Shymkent on 22 October. He met with representatives of international companies to discuss prospects for joint investment projects.
Uzbekistan Engages International Partners in Developing Tashkent Financial Centre
Uzbekistan is advancing plans to establish the Tashkent International Financial Centre (TIFC), aimed at expanding opportunities for foreign investors and developing the country’s financial market. At a meeting of the Interagency Working Group of the Foreign Investors Council under the President, representatives of international financial institutions, investment firms and legal organisations discussed the project’s priorities.
Musk Secures $40 Billion for SpaceX and Warns of Neocloud Shakeout
Elon Musk said SpaceX had secured $40 billion in debt financing to acquire graphics processing units (GPUs) for its artificial intelligence infrastructure. He also warned that more than 200 so-called neocloud companies could face widespread failures and consolidation as borrowing becomes harder to obtain.
Sindarov to Compete in the US Ahead of World Championship Match
Uzbek grandmaster Javokhir Sindarov will compete in the Clutch Chess: Champions Showdown 2026 in St. Louis, Missouri, from October 27 to 29. The tournament will be his final major test before facing India’s Gukesh Dommaraju in a match for the world chess championship title.
A Status That Brings Leaders Together
Technogym Joins the Bright Uzbekistan International Project