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Microsoft joins Lightstorm-led consortium to build an India-Southeast Asia subsea cable

Microsoft has joined a consortium led by Singapore-based Lightstorm to build a new subsea cable connecting India with Singapore and Malaysia, the companies announced on Thursday. T he I-2SEA system will run 3,600 kilometres and is intended to support the AI, cloud and hyperscale workloads that have made India one of the world’s most contested data […]

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SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders

SoftBank has gone back to lenders with a $10bn loan proposal secured against its OpenAI stake, and this time it is offering to personally guarantee the debt, according to Reuters, which cited people familiar with the discussions. The concession gives banks recourse to SoftBank itself if the pledged OpenAI shares fall short of covering the […]

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SK Hynix will spend $51bn on a new NAND factory to catch the AI memory wave

SK Hynix will spend 80 trillion won, or roughly $51.46 billion, building a new NAND flash memory factory in Cheongju, South Korea, with production targeted to begin in the first half of 2029. Chief executive Kwak Noh-jung announced the plan at an event attended by President Lee Jae Myung, folding the new fab, called M17, […]

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Ubisoft taps ex-Amazon Games chief to run its Tom Clancy studio

Ubisoft has hired Christoph Hartmann, until recently vice president of Amazon Games, to run the division that controls its Tom Clancy properties. He takes over as general manager of Creative House 2, the unit built around The Division, Ghost Recon and Splinter Cell, according to Ubisoft’s own statement. The appointment lands at a delicate moment for […]

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UiPath shares rebound as Wall Street warms to its AI-agent pivot

UiPath spent much of the year as one of software’s biggest disappointments. Now the Romanian-founded automation firm is clawing back. Its first profit and an all-in bet on AI agents are the reason. Shares in UiPath have rebounded in recent weeks. They are up around 15 per cent over the past five days, lifting the […]

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Pie raises $19.5M to keep small businesses visible in AI search

For 30 years, small businesses fought to rank on Google. Now their customers are asking ChatGPT instead. A New York startup wants to make sure the local salon still shows up. The startup is Pie, and it has just stepped out of stealth with money to match its pitch. It raised a $19.5mn Series A […]

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The automation billionaire is telling bosses not to cut too fast

Few people have done more to automate the office than Daniel Dines. So it is striking that the UiPath founder’s message on AI and jobs is a plea for patience, and a confession that he feels the anxiety too. Dines built UiPath into one of Europe’s biggest software success stories by selling robots that do […]

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Build raises $8.5M to speed up the paperwork behind data centres

The AI boom needs somewhere to live. Data centres, power lines, and factories all start with months of paperwork before a single wall goes up. A British-founded startup says its AI can cut that grind by 95 per cent. The company is Build, and on Tuesday it raised $8.5mn (€7.4mn) in seed funding led by […]

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