The US government has taken a significant step by revoking specific licenses that allow American chip manufacturers to export goods to Huawei, the Chinese tech giant. This action will notably reduce the sales of major chip producers like Intel and Qualcomm to China.
UK-based autonomous vehicle startup Wayve has announced a significant investment of $1.05 billion aimed at advancing its development of self-driving cars powered by artificial intelligence (AI). The funding round was led by SoftBank, a Japanese multinational conglomerate, with substantial contributions from tech giants Nvidia and Microsoft.
In a strategic move bolstering its presence in broadband access, DZS, a US-based company, has finalized the acquisition of NetComm from Casa Systems for up to $10 million. This acquisition comes on the heels of Casa’s recent divestment of its 5G and cable businesses, marking the conclusion of its restructuring efforts.
Indonesia is poised to welcome SpaceX’s Starlink LEO satellite broadband service within the next two weeks, announced Luhut Binsar Pandjaitan, the coordinating minister for Maritime Affairs and Investment. According to government sources, Starlink has secured the necessary agreement and license from Indonesian authorities to commence satellite internet operations.
In a letter addressed to Congress, Rosenworcel highlighted that the Reimbursement Program would require approximately $4.98 billion to cover all “reasonable and supported” cost estimates in approved applications. This starkly contrasts with the current appropriation of $1.9 billion, resulting in a notable deficit.
Infobip, the global cloud communications platform, and Nokia today announced a partnering agreement that will enable the global developer community to leverage both companies’ Application Programmable Interface (API) platforms to build a wider array of telco network powered applications faster for consumer, enterprise and industrial customers.
Norfolk County Council (NCC) has completed a major network transformation project in partnership with Abzorb, a leader in public sector and business networking solutions. The £1.2 million initiative spans 221 sites and aims to enhance performance and security while reducing costs.
In a landmark agreement, Microsoft and Brookfield, an asset management company, have announced a renewable energy deal valued at an estimated $10 billion. Under this partnership, Microsoft will invest in energy projects developed by Brookfield and its renewable energy subsidiary.
A recent report from Verizon Business has highlighted a significant surge in cyberattacks driven by the exploitation of vulnerabilities, accounting for 14% of all breaches in 2023. The report, titled the Data Breach Investigations Report (DBIR), analyzed a record-high 30,458 security incidents and 10,626 confirmed breaches last year, marking a two-fold increase compared to 2022.
Luxembourg-based satellite operator SES has revealed plans to purchase rival Intelsat in a landmark deal worth €2.8 billion. The move, unanimously approved by the boards of both companies, is set to create a formidable multi-orbit operator poised for expanded global coverage and innovation.
