Leading tech companies Google, Meta, Microsoft, and Salesforce have announced the formation of the “Symbiosis Coalition,” a collaborative effort aimed at reducing their carbon footprints through nature restoration projects. The coalition has pledged to secure up to 20 million tons of nature-based carbon removal credits by 2030.
Microsoft made waves in the tech world this week with the launch of their new line of Copilot+ PCs, aimed at enhancing productivity through AI integration. Among the various features boasted by these innovative devices, one in particular, known as Recall, is drawing attention for its potential privacy implications.
A recent survey among telecom and IT engineers at communications service providers (CSPs) indicates a positive outlook on the role of artificial intelligence (AI) in enhancing network performance and driving revenue. Conducted by Ciena and Censuswide, the survey involved over 1,500 telecom professionals from 17 countries.
Ericsson has announced an additional $50 million investment in its USA 5G Smart Factory in Lewisville, Texas, adding to an initial $100 million invested in 2020. This expansion aims to increase local production to meet the rising demand for US-made 5G infrastructure, aligning with the Build America Buy America Act (BABAA).
Exertis Cybersecurity, a leading distributor of cybersecurity solutions, has announced its collaboration with Object First, the developer behind Ootbi (Out-of-the-Box-Immutability), a groundbreaking ransomware-proof backup storage appliance tailored for Veeam®. This partnership signifies a significant stride in Exertis Cybersecurity’s mission to furnish cutting-edge cybersecurity solutions to organizations across Europe.
Telefónica Tech has entered into a collaboration with Microsoft to enhance its cybersecurity services by incorporating Microsoft’s AI tools. This partnership aims to provide customers with proactive, integrated, and automated real-time security management.
Sparkle, the subsea cable subsidiary of TIM, has announced the successful completion of its first international VPN test secured with quantum encryption. This milestone was achieved in collaboration with Arqit Quantum, a leader in quantum-safe encryption, and Telsy, TIM’s cybersecurity-focused company. The proof of concept (PoC) involved establishing a secure Internet Protocol (IPsec) tunnel between Italy and Germany using Arqit’s Symmetric Key Agreement (SKA) Platform.
EchoStar Corporation has landed a substantial contract to supply mobile devices and services to the US Navy, valued at up to $2.7 billion over the next decade. This deal, though not a complete solution to the company’s financial woes, is a significant positive development amid ongoing challenges.
Deutsche Telekom has emerged as the latest European telecommunications giant to report robust financial results for the first quarter of 2024. The German incumbent witnessed notable increases in revenue, earnings, and net profit, propelled by a surge in its European operations. The company’s performance underscores a positive growth trajectory amidst a competitive telecom landscape.
BT Group has reported a slight revenue increase to £20.8 billion, a 1% rise from last year, driven by price hikes for broadband customers, robust sales of fibre products in Openreach, and growth in the consumer division. However, the company’s pre-tax profits dropped sharply by 31%, falling to £1.18 billion, despite a 2% rise in adjusted EBITDA, which reached £8.1 billion.
