The global enthusiasm for artificial intelligence (AI) is set to significantly boost spending in edge computing infrastructure and services, with projections from IDC indicating a jump to $232 billion this year, marking a 15.4% increase from the previous year. This surge reflects the growing demand for technologies that facilitate faster and more efficient data processing closer to the source of data generation.
Vantage Data Centers, a large-scale data center specialist, has achieved a pioneering financial transaction in Taiwan, acquiring a $64 million loan from CTBC Bank and Cathay United Bank. This monumental move, to establish a significant data center in Taipei, underscores a transformative shift for Taiwan into a crucial digital infrastructure hub.
By the end of this decade, the global number of 5G connections is expected to surge to 5.5 billion, positioning 5G as the leading mobile technology by 2028. This forecast comes from the latest research released by the GSMA. Despite a significant phase of investment in the 5G network already behind us, the mobile industry is set for continuous financial commitment towards enhancing this technology in the coming years.
In a bold move, Microsoft has announced a hefty $2.1 billion investment in Spanish AI and Cloud infrastructure, sparking an unparalleled alliance with the Spanish government. The aim is to enhance citizen services, spark AI innovation and bolster national cybersecurity. Beyond the technological edge, this venture could also boost Spain’s GDP by €8.4 billion and generate around 69,000 jobs by 2030.
In a pivotal move, CELLSMART, Abundant IoT and TMR embark on an IoT convergence mission through Fixed Wireless Access (FWA). CELLSMART, with its unmatched cellular knowledge, brings speed and on-the-ground engineering support, transforming IoT rollouts.
Telecom giant Telenor faces a considerable setback as the company braces itself for a $760.3 million blow from its investment in True Corp, spurred by a noticeable decline in share value in 2023. However, amidst this financial turbulence, Telenor maintains a positive outlook. The company affirms that this financial drawback is merely for book records and does not reflect changes in Telenor’s belief in the value of their True Corp asset.
Embark on a festive journey with our 12 articles – one for each day of Christmas – exploring the dynamic realms of VoIP and the telecommunications sector. From unveiling the trends shaping the industry to enhancing professional communication skills and delving into the future of sustainable communications, each article offers a unique perspective on the evolution and impact of telecommunications.
As the interest in AI accelerates globally, a resurgence is noticed in a related sector: data center investment. AI-integrated solutions demand higher processing capability, marking data centers as attractive long-term investments. Recently, a $7 billion data center joint venture was announced by Blackstone and Digital Realty, promising additional data centers and enhanced IT capacity.
In a recent surge of developments within the data center industry, Microsoft has taken the lead with its commitment to invest a staggering £2.5 billion in expanding artificial intelligence (AI) data center infrastructure in the UK. This landmark investment comes amidst a thriving year for the sector, showcasing a 13% estimated growth compared to the previous year, according to Synergy Research Group.
In a landmark move, UK Chancellor Jeremy Hunt has underscored the significance of Microsoft’s transformative investment, heralding it as pivotal for the continual expansion and innovation within the UK technology sector. The multinational tech giant is set to broaden its data center footprint across the UK, unveiling plans for new facilities in London and Cardiff, with potential future expansion into the North of England. This strategic investment aims to double Microsoft’s existing number of data centers in the UK.
