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To bolster its presence in Europe, AWS announced an investment of €7.8 billion into the AWS European Sovereign Cloud project. Market Watch

In a significant move to bolster its presence in Europe, Amazon Web Services (AWS) has announced a substantial investment of €7.8 billion into the AWS European Sovereign Cloud project, extending through 2040. This initiative, unveiled last October, aims to establish an autonomous cloud infrastructure within the European Union (EU), operated independently to ensure data sovereignty for European customers.

University of Bristol powered up Isambard-AI, the UK's fastest and most potent supercomputer, following a £225 million investment. AI

his week, the University of Bristol has powered up Isambard-AI, the UK’s fastest and most potent supercomputer, following a £225 million investment announced by the government last March. Built by Hewlett Packard Enterprise, Isambard-AI boasts over 5,000 NVIDIA superchips, enabling it to execute a staggering 200 quadrillion calculations per second. Officially named the AI Research Resource (AIRR), this supercomputer surpasses its predecessor by a factor of ten in computational power, aiming to support critical AI technology development.

Cornerstone is set to introduce a cutting-edge neutral host network utilizing smart street light technology in urban environments. Market Watch

Cornerstone, a leading passive infrastructure provider managing Virgin Media O2 (VMO2) and Vodafone’s shared mobile network, is set to introduce a cutting-edge neutral host network utilizing smart street light technology in urban environments.The partnership between Cornerstone and Signify, a Netherlands-based company spun off from Philips in 2016, will leverage Signify’s BrightSites Broadband Luminaire products. These innovative LED streetlamps act as network extenders, supporting a mesh network using 60 GHz millimetre-wave (mmWave) spectrum to facilitate 5G connectivity.

Three UK revealed its financial performance, showcasing an increase in revenue and margin while reiterating its intent for a merger. Market Watch

Three UK revealed its quarterly financial performance this week, showcasing an increase in revenue and margin while reiterating its intent for a potential merger with competitor Vodafone.

The telecommunications company disclosed a notable 9% surge in both revenue, climbing to £664 million, and margin, reaching £424 million. This growth was attributed in part to a rise in its customer base, with active customers increasing by 3% overall and active contract customers by 6%.

AT&T has finalized the sale of its cybersecurity division, marking a pivotal moment in the company's strategic realignment. Market Watch

AT&T has finalized the sale of its cybersecurity division, marking a pivotal moment in the company’s strategic realignment. The division has been transitioned into a new independent entity known as LevelBlue, backed by majority owner WillJam Ventures. This move sees LevelBlue emerge as a standalone managed cybersecurity services business with a global presence spanning 10 countries and boasting a workforce exceeding 1000 employees.