MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.

The U.S. Department of Defense plans to continue working with rare earths companies to ensure diverse American supply of the critical minerals used across the economy, a defense official told Reuters on Tuesday.

Apple Inc. has struck a $500 million deal to buy rare-earth minerals from MP Materials Corp., the US producer that just last week secured backing from the Pentagon.

The Pentagon awards $200 million contracts to Google, OpenAI, Anthropic, and xAI to develop AI systems for US defense and national security operations

Elon Musk’s Grok AI chatbot has landed a $200 million contract with the United States Department of Defense (DOD) just a few days after it made a series of high-profile antisemitic outbursts. On Monday,

The United States Department of Defense (DoD) has signed a major contract worth nearly $200 million with xAI, an artificial intelligence company founded by Elon Musk. This deal comes just days after xAI’s chatbot,

AI, Anthropic, Google and OpenAI received contracts worth up to $200 million to help the Pentagon incorporate artificial intelligence into national

The Pentagon announced contracts on Monday with multiple leading US artificial intelligence firms including Elon Musk's xAI, which has faced intense scrutiny in recent days over anti-Semitic posts by

Elon Musk's xAI announced Monday it secured a $200 million ceiling contract with the U.S. Department of Defense. The big picture: The move is a part of the Pentagon's adoption of advanced artificial intelligence capabilities to address national security challenges.