2024)

Written by Ilex Community Manager | 30-Aug-2024 09:00:55

This week's roundup looked at the top news stories from the Global B2B tech & telecoms industry.

The stories cover Meta, Green Energy, Satellite, AT&T, Verizon, T-Mobile, Apple, Social Media, Nvidia, IT Budgets, AI, OpenAI, Dell, Connectivity and Telecoms

Here are our highlights:

tuesday___________________________

Meta Platforms strikes geothermal energy deal to power data centres

Meta Platforms will buy up to 150 MW of geothermal power from Sage Geosystems to supply its U.S. data centres, as it races to build the infrastructure to support its massive investments in energy-hungry artificial intelligence.

Read the full story here: https://bit.ly/3MHgM4Z

AT&T and Verizon outline opposition to T-Mobile and SpaceX's satellite service

AT&T and Verizon have urged the FCC to delay T-Mobile's proposed direct-to-cell satellite offering with SpaceX's Starlink offering. The two telcos have argued that SpaceX’s plans will harm their respective mobile broadband networks.

Read the full story here: https://bit.ly/3WZiKlP

wednesday___________________________

Apple shuffles CFOs for the first time in a decade

Apple has announced a major change on its leadership team: Longtime Chief Financial Officer Luca Maestri will step down from his role on January 1, 2025. Maestri has had a resoundingly successful run since he took on the CFO role in his tenure, Apple had its strongest fiscal decade ever, as the company's net income more than doubled.

Read the full story here: https://bit.ly/3XmwRmw

Zuckerberg regrets bowing to Biden 'pressure' over Covid

Meta boss Mark Zuckerberg says he regrets bowing to what he calls pressure from the Biden administration to "censor" content on Facebook and Instagram during the coronavirus pandemic.

Read the full story here: https://bbc.in/3T3qsdq

thursday____________________________

Nvidia shares fall even as revenue more than doubles

Nvidia’s revenue more than doubled in the past quarter to continue its run of blockbuster growth, but its shares fell as the US chipmaker failed to beat the highest expectations for what has become one of Wall Street’s most closely watched companies.

Read the full story here: https://on.ft.com/3Z0rD0X

Over 70% of Enterprises to Increase IT Budgets in 2025, Says Open Systems Report

Open Systems has announced the results of its 2025 IT Infrastructure Report. According to the report, many U.S. organizations expect to spend more on networking and security in 2025, particularly on SASE-related expenses.

Read the full story here: https://bit.ly/3X2H8mt

friday____________________________

Dell raises forecasts as demand surges for Nvidia powered AI servers

Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

Read the full story here: https://reut.rs/4g1deHX

Apple is reportedly trying to invest in OpenAI

According to a report in The Wall Street Journal, Apple is in talks to invest in OpenAI, the generative AI company whose ChatGPT will feature in future versions of iOS.If the talks are successful, Apple will join a multi-billion dollar funding round led by Thrive Capital that would value the startup at more than $100 billion.

Read the full story here: https://bit.ly/3Tbm1x9

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