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Broadcom tumbles as revenue miss clouds AI boom bets
Broadcom tumbles as revenue miss clouds AI boom bets June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom. The chipmaker could lose more than $285 billion in market cap at the current price of $418.83, if losses hold. Broadcom vies with Nvidia, whose graphics processors remain the gold standard for AI workloads, underscoring...
EU wants to favour European firms for most sensitive cloud, AI contracts
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Megaport secures 4 AI deals, to raise $594 million to build inference cloud
Megaport secures 4 AI deals, to raise $594 million to build inference cloud June 3 : Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts worth A$458.9 million and will raise A$827.3 million ($594 million) to build an inference cloud to cash in on surging demand for AI-related facilities. The deals underscore the fierce race among infrastructure providers to capture a share of the booming AI compute market, as firms across industries scramble to secure...
EU targets Big Tech dependence with 'made-in-Europe' drive
EU targets Big Tech dependence with 'made-in-Europe' drive BRUSSELS, June 3 : The European Commission proposed new laws on Wednesday to boost domestic cloud, AI and semiconductor industries, aiming to cut reliance on U.S. Big Tech in a move that could ratchet up transatlantic tensions. The Cloud and AI Development Act and Chips Act 2.0 form part of Europe's push for technological sovereignty and its efforts to close the gap with U.S. and Chinese rivals.
ZTE Day Indonesia 2026 strengthens AI innovation and digital infrastructure collaboration to accelerate Indonesia's digital transformation
ZTE held ZTE Day Indonesia 2026 in Jakarta to showcase its latest integrated ICT innovations aimed at accelerating Indonesia's digital transformation. The event highlighted how AI, intelligent networks, and cloud infrastructure are crucial for national digital competitiveness and future economic growth. ZTE emphasised the need for strong cross-industry collaboration to build a robust digital foundation for the country.
Communication on European Tech Sovereignty, and an EU Open-Source Strategy
The Commission is putting forward a multi-pronged, comprehensive strategy to achieve technological sovereignty, with initiatives that are interconnected and mutually reinforcing across each stage of the value chain, from chips, to infrastructure, to software, cloud and AI, and in synergy with past and ongoing initiatives such as AI Factories and AI Gigafactories. This is reflected in four initiatives: - The Chips Act 2.0 to strengthen the semiconductor ecosystem and supply chain resilience,...
The European Union reveals details of its tech sovereignty package
The European Union reveals details of its tech sovereignty package New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint. The European Commission has announced a new European Technological Sovereignty Package, designed to further reduce its reliance on foreign tech. The EU wants to focus on building out Europe's capacity in areas such as semiconductors, AI, cloud computing and open-source projects.
PM Modi welcomes AirTrunk's Rs 3 lakh crore investment plan in India
Prime Minister Narendra Modi on Friday welcomed Blackstone-backed AirTrunk's proposed investment programme of Rs 3 lakh crore in India by 2030 to expand digital infrastructure capacity, signalling one of the country's largest proposed investments in data centres, cloud computing and artificial intelligence (AI) infrastructure. He said that the investment plan reflected the growing strength of India's digital infrastructure ecosystem. In a post on X, PM Modi wrote: "India's digital...
Availability-Aware and Efficiency-Driven AI Service Chain Provisioning in Multi-Domain Edge Intelligence Cloud
arXiv:2606.05637v1 Announce Type: new Abstract: In a multi-domain edge intelligence cloud (MDEIC) managed by multiple network operators, AI services are delivered by chains of virtual network functions (VNFs) executed in sequence, called AI service chains (AISCs). Therefore, achieving an efficient and economical AISC provisioning approach is essential. However, the interaction between the environmental characteristics (heterogeneity, resource constraints and limited information visibility)...
Nvidia partners with LG robotics to build humanoid robots in South Korea
NVIDIA and LG Group are building an AI factory to accelerate LG Group’s next wave of AI-driven businesses, spanning robotics, autonomous driving, data center technologies and GPU cloud services. The AI factory will provide LG Group with accelerated computing infrastructure to train, simulate, validate and deploy AI-based applications across its key businesses. The collaboration brings together NVIDIA’s full-stack, end-to-end AI factory platform with LG Group’s global leadership in consumer...