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Amazon plans to make a €16bn investment in Germany in 2027

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Amazon plans to invest more than €16 billion ($18 billion) in Germany in 2027, expanding its cloud computing, AI, logistics, satellite internet, and TV production businesses. The company announced the investment today at the Invest in Germany Summit in Berlin. The two-day event, hosted by Chancellor Friedrich Merz, aims to attract investment to the country. […]

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Germany signs AI partnership with Nvidia at Berlin investment summit

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At the Invest in Germany Summit in Berlin, the German government entered into an agreement with Nvidia on Monday, when Chancellor Friedrich Merz opened the two-day event by addressing Jensen Huang, Nvidia’s CEO. The economy ministry has entered into a memorandum of understanding with the chipmaker but has provided no further details; the agreement comes […]

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Four European carriers to explore a joint bid for satellite spectrum

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Deutsche Telekom, Orange, Telefónica and Vodafone have signed a letter of intent to explore a joint bid for satellite spectrum in Europe. The four companies announced it on Monday in a joint release. The spectrum is for mobile satellite services (MSS), the radio frequencies that link satellites with mobile devices. The bid would be for […]

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Norway’s Bulk reportedly seeks Canadian owner for cable bypassing US

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Norway’s Bulk Infrastructure Group wants a Canadian partner to own most of a planned subsea cable between Europe and Canada. The cable would avoid the US. Bulk’s founder, Peder Nærbø, set out the plan to Bloomberg on Monday. Much of Canada’s data and voice traffic now passes through US networks, the outlet reported. US threats against Canada […]

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Ericsson’s organic sales rise 7% as it merges its two Asian units

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Ericsson’s adjusted earnings before interest, taxes and amortisation (EBITA) came in at SEK 10.1bn ($1bn) in the third quarter. Analysts had expected SEK 7.93bn on average, according to data compiled by Bloomberg. The shares rose as much as 11% in Stockholm on Thursday, Bloomberg reported. It was their biggest intraday gain since 23 January, and […]

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EU cloud sovereignty law could cost Europe €115bn, US tech lobby study says

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The EU’s proposed cloud sovereignty law, the Cloud and AI Development Act (CADA), could cost Europe €115bn over ten years. That is the central estimate in a study by the Brussels think tank ECIPE. CCIA Europe, a lobby group whose members include Amazon, Google and Meta, paid for it. Matthias Bauer, the author, calls the […]

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OpenAI’s London staff averaged £2.3m each in 2025, Guardian reports

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OpenAI’s 110 staff in London received an average of about £2.3m each in 2025, counting salaries and shares. The figures come from the accounts of OpenAI UK Ltd, as Robert Booth reported for The Guardian. The staff shared £87m in salaries and £168m in shares, the Guardian said. TNW has not independently verified the figures. […]

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Berkshire Hathaway puts another $330m into Bending Spoons

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Berkshire Hathaway is buying 10 million new Bending Spoons shares at $33 each. The Milan-based company announced the deal on 14 October. The $330m private placement adds to the $600m Berkshire invested at Bending Spoons’ Nasdaq listing in July. The two investments give Berkshire a 4% stake, Bending Spoons said. Its businesses include AOL, Vimeo, […]

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Ukraine’s drones still lose Starshield above 161 km/h, Zelenskyy says

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“We lose Starlink and lose the interceptor,” Ukrainian President Volodymyr Zelenskyy told reporters on 17 October, Bloomberg reported. Zelenskyy said speed limits on Starshield, SpaceX’s military satellite network, remained in place across Ukraine. Ukraine’s interceptor drones lose the link above 161 km/h (100 mph), he said in audio messages on WhatsApp. The Russian jet-powered drones […]

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EU investigates OpenAI and Anthropic over agent hacks, Euronews reports

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“Our AI Office has started enforcing these rules, and sent Requests for Information addressing issues such as security, external evaluation and monitoring how models are used,” EU tech chief Henna Virkkunen said in a speech in Dublin on 14 October. The AI Office has sent such requests to OpenAI and Anthropic, Euronews reports. The Commission […]

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