13H
Intel set for 20% boost in chip performance - chief architect
New transistor technology will boost Intel's chip speeds by up to 20%. That's according to Raja Koduri, Intel’s chief architect. He said it would represent the "largest intra-node jump ever in our history". The firm announced a new way of making its "SuperFin" transistors during Intel Architecture Day. Intel has come under pressure from investors following delays in creating its latest chips.
15H
Ericsson hits 100th 5G project with Telekom Slovenije deal
Ericsson has signed its 100th commercial 5G agreement or contract. The figure includes 58 publicly announced contracts and 56 live 5G networks, spanning five continents. The milestone was reached with the announcement of the 5G deal with Telekom Slovenije on August 12. The company’s first public 5G partnership announcement came in 2014, with the first live projects coming in 2018.
18H
India's Reliance eyes TikTok investment - report
The owner of social media platform TikTok is in talks with India's Reliance Industries about a potential investment in its video app, according to a TechCrunch report. TikTok has been banned in India since July, due to political tensions with China, and it is thought a deal could reverse that decision. Microsoft is currently exploring a deal to buy the U.S. operations of TikTok.
20H
Singapore plots $182 million fintech investment
Singapore will invest $182 million into its fintech industry over the next three years. The Monetary Authority of Singapore (MAS) says the capital will help support "large-scale innovation projects" in the country. MAS also revealed there would be a special focus on AI in financial services. Over 1,000 fintech companies have been set up in Singapore since a $225 million investment in 2015.
21H
AI intel platform Gong raises another $200m, valued at $2.2bn
Gong, the AI intelligence platform for sales teams, has raised $200 million, taking its value to $2.2 billion. Funding was led by Coatue, joined by Index Ventures, Salesforce Ventures and Thrive Capital, with participation from existing investors Battery Ventures, NextWorld Capital, Norwest Venture Partners, Sequoia Capital and Wing Venture Capital. Gong’s total funding raised is now $334 million.
1D
Industrial VR/XR firm Varjo raises $54mn in Series C funding
Industrial-grade VR/XR hardware and software firm Varjo has raised $54 million in Series C funding. Tesi, NordicNinja, and Swisscanto Invest by Zürcher Kantonalbank are among the new investors. There was also participation from existing investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund. In addition, it named its previous COO Timo Toikkanen as its new CEO.
1D
Liberty Global to buy Sunrise for $7.4 billion
Liberty Global is to acquire Sunrise Communications in a deal worth $7.4 billion. Last year, Sunrise attempted to buy UPC Switzerland from Liberty but failed. This flipped deal will create a strong rival to market leader Swisscom, while also hastening the rollout of 5G in the country. "The real winners are Swiss consumers and businesses," said Liberty Global's CEO Mike Fries.
1D
Microsoft cans Dataflex brand just weeks after unveiling
Microsoft has quietly removed all mention of Dataflex, the name of its low-code platform for Teams. In news first reported by ZDNet, Microsoft began deleting pages referring to Dataflex on August 10. The Dataflex trademark is held by Data Access Worldwide. A Microsoft spokesperson confirmed the move to ZDNet, saying: "We decided to select a new name and we will share it in the coming weeks."
1D
Nissan taps Oracle cloud for simulation workloads
Nissan is migrating its on-premises, high-performance computing workloads to Oracle Cloud Infrastructure. Nissan is one of the first automotive OEMs to leverage GPU technology in Oracle Cloud for structural simulation and remote visualisation. By using Oracle's bare-metal hardware, Nissan reduces the cost and overhead of large data transfer, while ensuring data can be viewed in the cloud.
Issue 19
For our cover feature this month, we speak to Ciena's EMEA CTO, Jürgen Hatheier, about the company's passion for network innovation and the importance of automation and orchestration. Elsewhere, we analyse AWS's entrance into the no-code market and its chances of success.
Sponsored by
1D
Google and Qualcomm back HMD Global in $230 million round
HMD Global has been backed to the tune of $230 million. Existing investors Google and Qualcomm were among those to have got involved in the Series A2 round. HMD hinted that there could be more cash to come. HMD designs and markets Nokia mobile phones. Nokia's consumer division also supported the round. Earlier this year HMD, a Finnish firm, unveiled its first 5G device.
2D
Coca-Cola signs multiyear hybrid cloud deal with IBM
Coca-Cola European Partners (CCEP) has signed a multiyear cloud agreement with IBM. CCEP said the deal is expected to accelerate its transformation to an open hybrid cloud environment using Red Hat OpenShift and Red Hat Enterprise Linux. The move is designed to reduce its operational expenses, increase IT resiliency and leverage analytics and AI in its daily operations, according to IBM.
2D
SiFive gets $60 million for open-source chips
SiFive, a rival to Arm in the open-source semiconductor space, has raised $60 million in fresh funding. Intel and Qualcomm are among the high-profile companies to have provided investment. SiFive builds chips based on the RISC-V architecture. “SiFive is well-positioned to grow," said the VP of strategy for SK Hynix, another investor. Arm is rumoured to be in talks over a sale to NVIDIA.

2D
Ed Walsh departs as IBM's storage head to take over at ChaosSearch
Ed Walsh is leaving IBM as its GM, Storage, to take up the position of CEO at log data analytics startup ChaosSearch. Walsh joined IBM four years ago from Catalogic Software, where he had served as CEO. “The decision to leave IBM was extremely difficult for me, but the decision to join ChaosSearch was very easy,” said Walsh. Walsh has successfully led and sold four high-growth starts-ups as CEO.
2D
DoD asks for another month to consider $10bn JEDI ruling
The U.S.'s Department of Defense (DoD) has asked for more time to consider the dispute over its $10 billion Joint Enterprise Defense Infrastructure (JEDI) project. It has requested a month's extension to make its final ruling, pushing it back to September 16. Neither Amazon Web Services or Microsoft - the two parties fighting over the high-profile contract - are expected to challenge the request.
2D
U.S. boosts 5G plans
The White House has announced plans to release more spectrum as it steps up its 5G ambitions. 100 megahertz of spectrum, previously set aside for military use, will be made commercially available from 2022. Officials emphasised that this decision "does not compromise" national security. “This is a key milestone in securing United States leadership in 5G,” said FCC chairman Ajit Pai.
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