In response to the rapid growth of the metaverse and generative AI sectors, the European Commission (EC) is conducting a comprehensive evaluation of the competitive landscape. Margrethe Vestager, the Executive Vice President of competition policy, has issued Requests for Information (RFI) for both markets, urging stakeholders to share insights on competition levels and propose ideas on how antitrust regulations can sustain competitiveness.
In a recent development reported by Reuters, Hewlett Packard Enterprise (HPE) is reportedly in the final stages of negotiations to acquire Juniper Networks, with the potential deal valued at $13 billion. The completion of the deal is anticipated as early as this week, marking a significant move for HPE into the burgeoning artificial intelligence (AI) market.
In a significant digital milestone, Openreach reports a 9% surge in broadband traffic across the UK throughout 2023, totaling a staggering 94,722 petabytes of data. To put this colossal figure into perspective, one petabyte equals a million gigabytes, and an average 4K movie stream consumes approximately 7.2 gigabytes per hour, as highlighted by Openreach.
Amid challenging market conditions, Nokia emphasizes preserving patent portfolio value over timelines. Despite an optimistic outlook, their declining Q3 net sales and plans to curtail costs speak volumes. Nokia’s pivotal contracts loss to Ericsson hits hard, showcasing the constant flux in the telcos sphere.
In a groundbreaking development, Project Kuiper has revealed the successful testing of advanced optical communications payloads on its prototype satellites, KuiperSat-1 and KuiperSat-2. The optical inter-satellite link (OISL) capabilities, previously kept confidential, demonstrated the ability to maintain 100 Gbps links over a distance of nearly 621 miles during testing in October.
In a strategic move to fortify the European Union’s standing in the global cloud computing sector, the European Commission has greenlit a substantial €1.2 billion state funding injection. The funding is earmarked for the Important Projects of Common European Interest (IPCEI) Next Generation Cloud Infrastructure and Services (IPCEI CIS), a collaborative initiative involving seven member countries: France, Germany, Hungary, Italy, the Netherlands, Poland, and Spain.
Kansas has taken a significant stride towards improving statewide internet connectivity by allocating $28.5 million in grants through the Lasting Infrastructure and Network Connectivity (LINC) program. Aimed at bolstering broadband infrastructure, the LINC funding prioritizes achieving minimum speeds of 100/20 Mbps, enhancing internet exchange point facilities, and fortifying middle-mile infrastructure.
Elliott Investment Management criticizes Crown Castle’s underperformance, pushing for an overhaul, including a new leadership team and board. Boldyn Networks activates a ‘small cell’ near King’s Cross, partnering with EE to boost coverage and speed in London. AWS expands Amazon Bedrock with new generative AI features, including leading models, customization options, and safeguards. Windstream’s Kinetic is launching a $32.5 million fiber project in Georgia, partnering with an electric cooperative, aiming to connect 17,000 homes and businesses in Colquitt County.
In the wake of a profound digital transformation, businesses are strategically navigating the evolving landscape of generative artificial intelligence (genAI), propelling them into a new era of adaptability and innovation. The surge in genAI-related job postings, as reported by GlobalData’s Job Analytics Database, reflects a growing commitment among companies to stay relevant and competitive in this dynamic environment.
OneWeb, a Eutelsat entity, gained India’s coveted regulatory endorsement to usher in its satellite broadband service, evoking enthusiastic response from Eutelsat’s co-chair, Sunil Bharti Mittal. This development signifies a new era for India’s internet coverage in line with the Prime Minister’s digital vision. However, a crucial spectrum allocation by the government awaits, making OneWeb’s journey not entirely smooth sailing. An array of procedural and regulatory hurdles demands navigation, alongside competing market perspectives delaying the process.
