News Roundup

A quick roundup of the news in Telecoms | Week #3

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Data Storage Corporation Merges Subsidiaries for Growth

Data Storage Corporation (Nasdaq: DTST) has successfully merged its subsidiaries, Flagship Solutions Group and CloudFirst, aiming to enhance operational efficiency and foster accelerated growth. The strategic move, as per Thomas Kempster, CEO of Flagship, brings together complementary strengths, enabling streamlined operations, expanded technical teams, and improved resource allocation. The merger is anticipated to capitalize on cross-selling and upselling opportunities, delivering exceptional value to customers. Hal Schwartz, President of CloudFirst, expects the unified platform to increase customer penetration and achieve improved business efficiencies while reducing redundant resources and expenses. The company looks forward to a journey of growth and success.

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Samsung Launches Galaxy S24 Series with On-Device AI for Enhanced Experiences and 5G Adoption

GlobalData’s Senior Technology Analyst, Anisha Bhatia, highlights the significance of Samsung’s Galaxy S24 series launch, emphasizing the incorporation of on-device artificial intelligence (AI) as a game-changer. The devices boast enhanced user experiences through AI, enabling internet-less searches while prioritizing data privacy. The on-device AI is expected to drive phone upgrade cycles, offering visible benefits compared to the earlier 5G transition. With updated hardware, improved cameras, and aggressive promotions, Samsung aims to solidify its position in the competitive smartphone market and contribute to the mainstream adoption of 5G services in North America.

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DoCoMo’s AI-Powered Metaverse Characters and Brain Health Tech Take Center Stage

NTT DoCoMo, a Japanese telecom operator, addresses the emptiness of metaverses by employing AI to swiftly generate diverse non-playable characters (NPCs) based on text prompts. The three-step AI process defines behavior, creates skeletal frameworks for movement, and determines the final appearance of NPCs. Beyond the metaverse, DoCoMo’s genAI initiatives extend to predicting and visualizing changes in the human brain, aiming to assist non-specialists in monitoring and supporting brain health. Additionally, the telecom company previews innovative technologies, including Feel Tech with haptic sensors, extended reality (XR) glasses, 6G non-terrestrial networking, and Open RAN solutions, set to be showcased at Mobile World Congress.

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South Korea Unveils $471 Billion Plan to Secure Semiconductor Dominance

South Korean President Yoon Suk-yeol has revealed an ambitious initiative to solidify the country’s position as a semiconductor superpower. With a staggering $471 billion investment goal by 2047, the plan aims to construct the world’s largest semiconductor ‘mega cluster.’ Already a major semiconductor producer, South Korea faces global competition and aims to enhance supply chain independence. The mega cluster, spanning 21,000 square kilometers, plans to house 7.7 million wafers per month by 2030. Industry giants Samsung and SK Hynix have committed significant investments. However, the project poses challenges to the power grid and water supply, requiring legislative measures to expedite infrastructure development. If successful, the initiative could shift global semiconductor manufacturing dominance to South Korea.

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