This week's roundup looked at the top news stories from the Global B2B tech & telecoms industry.
The stories cover Nokia, Samsung, Mobile Networks, App Charts, X, Connectivity, OpenAI, Sony, Nvidia, Global Markets, Blackstone, Airtrunk, Ticket Bots, AI Treaty, Verizon and Frontier.
Here are our highlights:
monday_____________________________
No deal: Nokia denies mobile networks business sale to Samsung
Nokia has rejected speculation that Samsung is acquiring its mobile network business. The Finnish telecoms giant issued a statement reaffirming its commitment to the division.
Read the full story here: https://bit.ly/3TcwmsI
BLUESKY TOPS APP CHARTS AND SEES 'aLL-TIME-HIGHS' AFTER BRAZIL BANS X
A Brazilian court’s decision to ban X (formerly Twitter) seems to be benefiting its rivals, especially Bluesky. The microblogging platform announced late Friday that it was seeing “all-time-highs for activity”.
Read the full story here: https://tcrn.ch/3AWgd4i
tuesday___________________________
INDIA LAUNCHES PROJECT TO BOOST CONNECTIVITY IN UNDERSERVED COMMUNITIES
India’s “Digital Bharat Nidhi” replaces the Universal Service Obligation Fund (USOF) to provide expanded telecommunications services across underserved regions and communities and support network security.
Read the full story here: https://bit.ly/3AORmzA
Investors are valuing OpenAI at over $100B on the secondaries market
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week.
Read the full story here: https://tcrn.ch/3XcbWRL
wednesday___________________________
SOny is shutting down Concord, refunding players after just two weeks
Sony's team-based online shooter Concord has been removed from sale and will be taken offline on Friday, September 6, just two weeks after its August 23 launch.
Read the full story here: https://bit.ly/4ecpUKC
Nvidia plunges almost 10% as global markets fall
UK shares dropped on Wednesday morning following falls in Asian and US markets as concerns grow about the world's largest economy. Data showed US manufacturing activity remains subdued, with investors now focussed on US jobs figures due on Friday.
Read the full story here: https://bbc.in/3Z9vKIc
thursday____________________________
Blackstone buys AirTrunk in a deal valued at over A$24bn
Macquarie Asset Management and The Public Sector Pension Investment Board today announced an agreement to sell their entire interests, totaling 88%, in AirTrunk to a consortium of investors led and managed by Blackstone.
Read the full story here: https://bit.ly/4cZDoYN
ticket bots leave oasis fans enraged
As soon as the presale for the band’s upcoming gigs went online on Friday, tickets-which started at $100 a piece- popped up on resale sites, with fans on X reporting that they were seeing prices in the $800 to $1,200 range.
Read the full story here: https://bit.ly/4gfTYqc
friday____________________________
UK and US among first signatories of global AI treaty
The world's first international, legally binding convention aimed at curbing the potential risks posed by AI is gathering momentum, as dozens of countries agree to sign up to it.
Read the full story here: https://bit.ly/4dRgkNd
Verizon to acquire Frontier in $20bn deal
In a bid to expand its fibre network, the acquisition, expected to close within 18 months, will strengthen the telecom giant’s ability to compete with rivals AT&T and others by enhancing its capacity to deliver high-quality broadband services.
Read the full story here: https://bit.ly/47f4fPA
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