This week's roundup looked at the top news stories from the Global B2B tech & telecoms industry.
The stories cover topics including subsea connectivity, artificial intelligence, UK fibre rollouts, AI hubs, mobile coverage, data centre investment, renewable energy and data privacy.
Here are our highlights:
monday_____________________________
stc Lands 2Africa Pearls Cable in Bahrain, Boosting Global Connectivity
Marking a significant milestone in global connectivity, stc has announced that the 2Africa cable system - Pearls, the world’s longest submarine cable, has successfully landed in Bahrain.
Read the full story here.
SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI.
Read the full story here.
tuesday___________________________
CityFibre secures £2.3bn investment FOR next phase of UK full fibre rollout
CityFibre has secured a major £2.3 billion financing deal to turbocharge its next phase of growth, accelerate customer connections and drive forward the consolidation of the alternative network (altnet) sector.
Read the full story here.
Indosat, Cisco and Nvidia launch AI hub in Indonesia
Indosat Ooredoo Hutchison, Cisco and Nvidia are collaborating on an AI Centre of Excellence in Indonesia. Led by the Ministry of Communications and Digital Affairs, called Komdigi, the setup has the aim of developing new tech, cultivating local talent and collaborating with startups.
Read the full story here.
Wednesday___________________________
Improved mobile coverage to unlock £230 billion in economic benefits, says BT
The study issued by the British telco says improving the UK’s mobile coverage could unlock up to £230 billion in economic benefits by 2035.
Read the full story here.
Amazon accelerates US’ leadership in AI with $20bn data centre investment
Nvidia reaches 100 percent renewable energy target
Singtel, AWS, Microsoft to develop new submarine cable across East Asia
Read the full story here.
Perplexity sees India as a shortcut in its race against OpenAI
Meta investors settle $8bn lawsuit with Zuckerberg over Facebook privacy
Mark Zuckerberg has agreed to settle a multibillion dollar lawsuit with a group of shareholders over how top executives and directors at Meta handled repeated privacy violations by Facebook.
Read the full story here.
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