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AI Alliance Advances Project Tapestry as G7 Puts AI Sovereignty at Center Stage

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India’s BharatGen commits to anchor India’s role in Project Tapestry as part of a growing coalition of organizations to develop more capable frontier AI that enhances sovereignty and opportunity for people, nations and industry.

PARIS, June 19, 2026 /PRNewswire/ — In a week when AI sovereignty dominated discussions from the G7 Summit in Évian to VivaTech in Paris, the AI Alliance announced that India’s BharatGen will anchor India’s initial role in Project Tapestry, a global open consortium to build frontier-capability AI through distributed model development while allowing participating nations and institutions to retain control over their own data, models, and deployment.

“AI is becoming essential infrastructure. No single company or country should determine who can build on it, adapt it, or benefit from it. Project Tapestry is a test of whether frontier AI can be built as open infrastructure: collaborative, capable, and sovereign by design.”
— Dr. Yann LeCun, Chief Science Advisor, AI Alliance and Executive Chairman, AMI Labs

Project Tapestry aims to bring together more data, talent, and resources than any one organization can do on their own, to create more capable, accessible and valuable AI that is the basis for India, led by full stack sovereign AI company BharatGen, has made a strong commitment to anchor Project Tapestry and will immediately begin co-leading workstreams in distributed model training in support of Tapestry’s goals.

The commitment connects India’s self-reliant AI ambitions with Tapestry’s collaborative model for building frontier AI while preserving national control over data, models, and deployment.

“India has long believed that science advances fastest when it is open and shared. Project Tapestry, which lets nations build frontier AI together while retaining sovereignty over their data and models, reflects the collaborative, self-reliant innovation India is advancing.”
— Professor Ajay Sood, Principal Scientific Adviser to the Government of India

“As India builds frontier AI rooted in its own languages and knowledge, IIT Bombay and BharatGen supported by the India AI mission are proud to support and participate as a founding contributor in Project Tapestry, an open, global consortium for nations to advance frontier AI together.”
— Shireesh Kedare | Director, IIT Bombay and Chairman, BharatGen

French President Emmanuel Macron, who also holds the rotating G7 presidency this year, has made AI capability and global technology competition central themes of the week. Project Tapestry responds to that broader moment by bringing together countries, industries, research institutions, and communities to pool data, compute, talent, and funding — while each participant retains control over its own data, unique derivative models, and AI deployment.

Project Tapestry was formally launched a month ago at a kick-off technical workshop in Paris with 30 AI leaders from the US, France, India, Vietnam, Japan, Switzerland, UAE, and beyond. It included significant participation from France-based organizations including Pleias, PRAIRE, AMI Labs, Software Heritage, and Current AI, underscoring Macron’s ambition.

Vietnam: Enhancing Cultural Alignment and Capability

Vietnam has become one of Project Tapestry’s clearest national and cultural use cases: a country seeking to contribute data and expertise to a global consortium while building frontier AI that is socio-culturally and industrially aligned with Vietnam — and owned and governed by Vietnam institutions.

“With the National Innovation Center and FPT Corporation engaged, Project Tapestry gives Vietnam a path to help build frontier AI that reflects its language, culture, industries, and institutions while retaining control over its own data, models, and deployment.”
— Dr. Christopher Nguyen, Chief Architect of Project Tapestry and CEO of Aitomatic

Aligning an AI model to a culture requires much more than language translation – the unique preferences, customs, and practices must govern model output. In collaboration with Vietnam-based partners, Project Tapestry has already made progress in demonstrating alignment of models to Vietnamese culture.

The Path Ahead for Project Tapestry
The Paris workshop produced both an initial architecture for consortium-based frontier model development, as well as a clear path to grow and operate the consortium supported by the AI Alliance’s non-profit structure. The architecture centers on a base model developed centrally that participating nodes can receive, adapt, and continue to train with local data.

Participants share back improvements to the base while retaining ownership of their data and unique models and capabilities they develop for their own purposes. The guiding principle is: sovereignty cannot depend on trust alone. It must be protected by architecture.

“Project Tapestry aims to build the most capable frontier AI possible in a way that ensures the value and control of that AI is retained by those developing and deploying it – whether they are in industry, government, a non-profit or an individual. The knowledge and intelligence of humanity that is used to build AI does not live in any one organization. The most capable and trusted AI can’t either.”
— Dr. Anthony Annunziata, Chairman, AI Alliance and Director of AI Open Innovation, IBM

Tapestry’s consortium data advantage is not simply more data. The next frontier of AI capability will depend on data that is more diverse and has deeper knowledge from a broader set of domains across business, science and culture. These data are often absent from the open web: they are in national, scientific and technical databases, or embedded in industry and institutions. They cannot — and should not — be handed to a centralized provider.

How to Get Involved
Project Tapestry is seeking researchers, model developers, data and compute providers, and industry partners. Early contributors will help shape the project’s architecture, governance, and roadmap. Learn more here:

Website: https://thealliance.ai/projects/tapestry GitHub: https://github.com/The-AI-Alliance/tapestry Data: https://thealliance.ai/projects/tapestry/training-data-proposals

About the AI Alliance
The AI Alliance is a global nonprofit research and technology organization dedicated to advancing open, safe, and responsible AI through innovation, collaboration, and advocacy. Operating through both a 501(c)(3) public-benefit organization and a 501(c)(6) innovation association, the Alliance brings together more than 200 collaborating organizations across 29 countries spanning industry, academia, startups, research, and government. The Alliance supports open projects and initiatives across AI data, models, agents, safety, and governance.

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PlanetiQ Selected for NOAA’s Space-Based Environmental Monitoring IDIQ

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Selection builds on PlanetiQ’s long-standing relationship with NOAA and adds thermospheric neutral density to its environmental data offerings

GOLDEN, Colo., Sept. 11, 2026 /PRNewswire/ — PlanetiQ, a leading provider of commercial satellite-based environmental data, today announced that it has been selected as an industry partner under NOAA’s new Space-Based Environmental Monitoring (SBEM) Indefinite Delivery, Indefinite Quantity (IDIQ) contract. Through the SBEM IDIQ, PlanetiQ will be eligible to compete for task orders to provide NOAA with two types of commercial environmental data: Global Navigation Satellite System-Radio Occultation (GNSS-RO) observations for atmospheric profiling and ionospheric monitoring, and thermospheric neutral density data for satellite orbit prediction.

“This selection builds on our long-standing partnership with NOAA and expands the ways our data can support the agency, from high-resolution atmospheric and ionospheric observations to thermospheric neutral density for satellite orbit prediction,” said Ira Scharf, CEO of PlanetiQ.  

The SBEM IDIQ, established by NOAA’s National Environmental Satellite, Data, and Information Service (NESDIS) through its Commercial Data Program. The contract has a five-year base period followed by a five-year option and is effective from September 1, 2026, through August 31, 2036.

Under SBEM, PlanetiQ will provide data from its existing satellite constellation as well as additional satellites planned for launch later this year. The company’s GNSS-RO observations provide high-resolution atmospheric profiles for numerical weather prediction and measurements of the ionosphere, including Total Electron Content (TEC) and scintillation. PlanetiQ will also introduce thermospheric neutral density data as a new commercial data product for NOAA NESDIS, supporting improved satellite orbit prediction and space-weather applications.

“PlanetiQ has built its business around delivering high-quality GNSS-RO data with the precision needed to improve weather forecasting,” said Ira Scharf, CEO of PlanetiQ. “This selection builds on our long-standing partnership with NOAA and expands the ways our data can support the agency, from high-resolution atmospheric and ionospheric observations to thermospheric neutral density for satellite orbit prediction. We look forward to continuing to work with NOAA to advance weather forecasting and space weather applications.”

Per NOAA’s own press release, NOAA is expanding its procurement and use of new commercial environmental satellite data streams that will enhance weather forecasting and space weather monitoring. The SBEM IDIQ contract is a key part in the agency’s ongoing effort to boost U.S. weather forecasting capabilities.

PlanetiQ currently provides GNSS-RO data to NOAA NESDIS under the agency’s previous commercial data contract vehicle. The company’s most recent task order, announced in August, provides GNSS-RO and ionospheric data and bridges the transition to the new SBEM contract.

About PlanetiQ

PlanetiQ provides the highest-quality GNSS radio occultation (RO) data available from a commercial constellation of satellites, offering unmatched temporal and spatial resolution. The data drive accurate, high-impact weather and climate forecast models, helping improve Numerical Weather Prediction and AI forecasts, safeguard lives and property from severe weather. In 2025, PlanetiQ was awarded NOAA’s largest-ever contract for satellite weather data, valued at $24.3 million. PlanetiQ is a space-tech company that serves the most mission-critical government, defense, and industry leaders, including international weather agencies, enabling more resilient operations across sectors. Founded in 2015 and privately owned, PlanetiQ designs, builds, and operates the preeminent commercial constellation of GNSS-RO satellites, setting the standard for precision and reliability in atmospheric monitoring. For more information, contact info@planetiq.com

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New Bloomberg Tax Projections Give Tax Professionals an Early Start on 2027 Planning

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ARLINGTON, Va., Sept. 11, 2026 /PRNewswire/ — Bloomberg Tax & Accounting released its 2027 Projected U.S. Tax Rates, which indicates a 3.2% increase in inflation from 2026 (compared to the 2.7% increase from 2025). The full report is available at https://aboutbtax.com/bmN8.

Bloomberg Tax’s annual Projected U.S. Tax Rates Report provides early, accurate notice of the potential tax savings that could be realized due to increases in deduction limitations, upward adjustments to tax brackets, and increases to numerous other key thresholds.

In an unprecedented event, the Bureau of Labor Statistics did not report the data from October of 2025. Thus, the C-CPI-U has been computed on an 11-month average.

The report accounts for several new adjustments made under the One Big Beautiful Bill Act (OBBBA) that affect tax planning for taxpayers in 2027 and beyond. For corporate taxpayers and passthroughs, they include an adjustment to the employer-provided child care credit, initially enhanced by the OBBBA. It also includes an adjustment to the threshold for information at source reporting requirements, which was initially increased by the OBBBA. For individuals, the report includes varied income tax rates with steeper adjustments for lower brackets.

“Tax professionals are being asked to make consequential planning decisions amid constant policy change and growing complexity,” said Evan Croen, head of Bloomberg Tax & Accounting. “By providing trusted projections before official figures are released and carrying those updates directly into the tools where professionals work, we can help them move from information to action sooner and spend more time applying their expertise to the decisions that matter most.”

The updated rates flow directly into Bloomberg Tax’s innovative software solutions including Bloomberg Tax Provision, Bloomberg Tax Fixed Assets, and Bloomberg Tax Workpapers. This is an example of the power and efficiency of Bloomberg Tax & Accounting’s integrated suite of solutions, which modernizes the corporate tax process, from data collection to tax calculations that power key deliverable.

Other key adjustments, with comparisons of the 2026 amounts and 2027 projections, include:

Individual Income Tax Rate Brackets 

Married Filing Jointly and Surviving Spouses

2026 Tax Rate Bracket Income Ranges

Projected 2027 Tax Rate Bracket Income Ranges

10% – $0 to $24,800

10% – $0 to $25,600

12% – Over $24,800 to $100,800

12% – Over $25,600 to $104,050

22% – Over $100,800 to $211,400

22% – Over $104,050 to $218,250

24% – Over $211,400 to $403,550

24% – Over $218,250 to $416,650

32% – Over $403,550 to $512,450

32% – Over $416,650 to $529,100

35% – Over $512,450 to $768,700

35% – Over $529,100 to $793,650

37% – Over $768,700

37% – Over $793,650

Unmarried Individuals (other than Surviving Spouses and Heads of Households)

2026 Tax Rate Bracket Income Ranges

Projected 2027 Tax Rate Bracket Income Ranges

10% – $0 to $12,400

10% – $0 to $12,800

12% – Over $12,400 to $50,400

12% – Over $12,800 to $52,025

22% – Over $50,400 to $105,700

22% – Over $52,025 to $109,125

24% – Over $105,7000 to $201,775

24% – Over $109,125 to $208,325

32% – Over $201,775 to $256,225

32% – Over $208,325 to $264,550

35% – Over $256,225 to $640,600

35% – Over $264,550 to $661,375

37% – Over $640,6000

37% – Over $661,375

Standard Deduction

Filing Status

2026

Standard Deduction

Projected 2027

Standard Deduction

Married Filing Jointly/Surviving Spouses

$31,500

$33,200

Heads of Household

$23,625

$24,925 ($24,950)

All Other Taxpayers

$15,7500

$16,600

Alternative Minimum Tax (AMT)

Filing Status

2026

AMT Exemption Amount

Projected 2027

AMT Exemption Amount

Married Filing Jointly/Surviving Spouses

$140,200

$144,700

Unmarried Individuals

(other than Surviving Spouses)

$90,100

$93,000

Married Filing Separately

$70,100

$72,350

Estates and Trusts

$31,400

$32,500

About Bloomberg Tax

Bloomberg Tax delivers a comprehensive suite of solutions designed to help tax and accounting professionals navigate a complex global landscape. By combining practitioner-driven insights with intelligent, AI-powered tools, we provide the expertise you need to ensure compliance, streamline workflows, and drive strategic decision-making. Our integrated solutions simplify intricate calculations and adapt to changing regulations in real time, empowering your organization to mitigate risk, optimize tax strategies, and achieve measurable results with confidence and precision.

Bloomberg Tax is part of Bloomberg Industry Group, an affiliate of Bloomberg L.P., a global leader in business and financial information, data, news, and insights.

For more information, visit bloombergtax.com.

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o15 Capital Partners Announces Realization of $31 Million Senior Secured Credit Facility to Simplify Compliance

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ATLANTA, Sept. 11, 2026 /PRNewswire/ — o15 Capital Partners (“o15”), through its Emerging America Credit Opportunities (“EACO”) fund and its affiliates, is pleased to announce the successful exit of a $31 million senior secured credit facility provided to Simplify Compliance Holdings, LLC (“Simplify” or the “Company”), a diversified provider of B2B training, events, and subscription information backed by Leeds Equity Partners (“Leeds Equity”). Repayment followed the sale of the Company’s datacenterHawk business unit to S&P Global.

The successful realization reinforces o15’s continued conviction in the lower middle market, where disciplined underwriting, sector expertise, and close sponsor partnerships can drive strong investment outcomes. The facility provided flexible capital to support the Company’s strategic objectives and Leeds Equity’s ongoing value creation initiatives.

“Leeds Equity was an excellent partner throughout this investment, and the outcome speaks to their track record building durable businesses,” said Kenneth Saffold, co-CEO and Managing Partner at o15. “We were glad to underwrite behind the strength of Simplify’s digital-first product suite across compliance, workforce training, and data and information assets.”

“o15 was a thoughtful and responsive partner throughout this investment. Their speed and ability to tailor a solution to the Company’s needs were meaningful factors in our financing relationship,” said Chris Mairs, Managing Director at Leeds Equity.

The exit underscores o15’s differentiated investment approach, combining thoughtful structuring, sector expertise, and a focus on measurable impact. Business services and information platforms remain a core area of focus for o15, given the critical role these businesses play across the lower middle market.

About o15 Capital Partners

Based in Atlanta, o15 Capital Partners is an alternatives investment firm that provides growth capital to undercapitalized lower middle market businesses and communities in the Healthcare, Education and Business Services industries.

To learn more about o15 Capital Partners or discuss a new investment opportunity, please visit and follow us on LinkedIn, or reach out to a member of our investment team.

Disclaimer: The information herein should not be construed as investment advice or a recommendation of any security, investment, or investment strategy. References to this investment are for illustrative purposes only, are not representative of all investments made by o15, and should not be construed as a recommendation of any particular investment or investment strategy. Other investments made by o15 have had, and future investments may have different characteristics and results.

media@o15.com

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