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Orange is building a €3bn French data centre business, funded from New Zealand

Orange and Morrison announced an exclusivity agreement on Monday to create a jointly controlled data centre company in France, backed by a €3 billion investment programme combining Orange assets, Morrison equity, and debt. The venture targets 400 megawatts of capacity, close to ten times what Orange operates today. Orange would contribute five French data centres […]

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Angola just raised $321m selling shares in a telco it seized from Africa’s richest woman

Angola raised roughly $321 million on Monday by selling a 15% stake in Unitel, the country’s dominant mobile operator, in what Bloomberg reported as the largest initial public offering the nation has ever run. The proceeds go towards financing the state budget and, officials hope, towards making Angola’s thin capital market look like a functioning […]

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Microsoft pursues Supreme Court appeal in £270 million software resale case

Microsoft is seeking permission to appeal to the UK Supreme Court after losing twice in the ValueLicensing case over whether businesses can legally resell surplus on-premise software licences. The Competition Appeal Tribunal ruled in 2025 that resale and subdivision of Microsoft licences did not infringe copyright. Microsoft appealed and lost again on July 7. An […]

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ASML shares fell 6.5% after a report that China has started mass-producing DUV lithography tools

ASML shares fell as much as 6.5% in Amsterdam on Monday after The Information reported that a Shanghai-based company has begun mass-producing immersion deep ultraviolet lithography tools. The machines are the type that ASML has been restricted from selling to China under Dutch and US export controls. If the report is accurate, it represents exactly […]

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Nvidia just invested in a company that sells nothing

Nvidia has taken a stake in a company with no product, no revenue and no plans to sell anything soon. Safe Superintelligence, the lab Ilya Sutskever founded after leaving OpenAI, said on Monday that Nvidia had made a “substantial” investment as part of a long-term partnership. Neither side disclosed the figure. What the money buys […]

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Anthropic won’t defend open weights. In June it made the same argument for itself.

On Friday, 25 companies signed a letter defending open-weight AI. Three big names were missing. By Monday, two of them had signed. That left Anthropic alone, and Silicon Valley noticed. The pile-on Nvidia, Meta and Microsoft signed “Open Weights and American AI Leadership” on Friday. Over the weekend OpenAI, Google and SpaceX added their names, […]

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Chinese RAM company CXMT makes a $484 billion stock market debut

The China-based memory firm ChangXin Memory Technologies (CXMT) had a massive first day on the Shanghai stock exchange after its shares surged 466 percent, as reported earlier by The Wall Street Journal and CNBC. The stock market frenzy boosted CXMT’s valuation to $484 billion, making it the most valuable Chinese company listed on the exchange. […]

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As SAP’s 2027 support cutoff nears, Pranay Raj Kanakala shows what compliance-ready SAP migration actually looks like

A telecom RF engineer turned SAP consultant, he automates the accounting logic that decides when companies can book revenue, the compliance layer most migration teams leave until an audit forces it. In 18 months, the software many of the world’s largest companies rely on to run their finance and operations stops receiving security updates and […]

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Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400.

Porsche will cut another 5,000 jobs by 2035 under a second restructuring package agreed between management and labour representatives. The cuts come on top of 3,900 job reductions and an additional 500 announced by CEO Michael Leiters earlier this year, bringing total planned layoffs close to 9,400. The Volkswagen subsidiary described the reductions as “socially […]

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This $470mn nuclear startup is racing a presidential deadline, not the AI boom

Most of the money pouring into small nuclear reactors is chasing AI data centres. This round is chasing a date. Antares has raised $470mn, co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital and Industrious Ventures joining. The split is $370mn of equity and $100mn of debt, Bloomberg reported. The company was founded […]

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