Turkcell and ZTE have set a new European record by achieving the fastest 5G-Advanced speed of 32 Gbps during a trial in Istanbul on 5 November 2024. The groundbreaking milestone was made possible using ZTE’s advanced 1.6 GHz BW mmWave AAU, 64TR N78 AAU, and commercial CPE.
The significance of 5G-Advanced technology lies in its ability to offer faster data transmission, lower latency, and higher capacity, which will enable a wide range of applications, such as live broadcasting, extended reality (XR), ultra-HD video streaming, and ultra-low latency services. These advancements promise to provide users with an immersive audio-visual experience, setting a new standard for the digital landscape. The improved network capabilities will also open up new business opportunities, particularly in sectors like smart cities and autonomous vehicles, where high-speed connectivity is crucial.
Why does it matter?
That achievement underscores the strong collaboration between Turkcell and ZTE, which has been key to driving innovation in 5G technology. Both companies are committed to continuing their research and development efforts to expand the potential of 5G-Advanced. Their joint work aims to deliver smarter, more efficient, and more immersive user experiences, creating new opportunities for businesses and consumers in an increasingly digital world.
Korean SDT and Finland’s SemiQon have signed a Memorandum of Understanding (MOU) to establish a strategic partnership to advance quantum computing. That collaboration allows SDT to incorporate SemiQon’s silicon-based quantum processors (QPUs) into its quantum precision measurement equipment, enhancing scalability and stability in the quantum computing field.
SemiQon has developed QPUs that are compatible with existing infrastructure, which reduces production costs and facilitates mass production. Through this partnership, SDT expands its manufacturing capabilities into quantum technology, with both companies aiming to strengthen the global quantum computing market.
Both companies’ leaders expressed excitement about the potential impact of this collaboration, which is expected to fast-track the development of scalable and cost-effective quantum computers. The combination of SDT’s quantum precision technology and SemiQon’s silicon-based QPUs is a critical step toward realising general-purpose quantum computers operating at the million-qubit scale. The MOU is viewed as a foundation for the global commercialisation of quantum computing, with both SDT and SemiQon working together to enhance the industry’s stability and scalability.
Detroit residents will soon be able to pay city fees and taxes using cryptocurrency, making it the largest city in the US to adopt digital payments. In collaboration with PayPal, City officials aim to make these transactions secure and accessible, setting mid-2025 as the launch date. Mayor Mike Duggan highlights this as part of a wider initiative to attract tech entrepreneurs and promote blockchain’s potential in Detroit, hoping to foster economic growth and improve civic engagement.
The move also allows blockchain innovators to present projects that could enhance Detroit’s public services. Justin Onwenu, Detroit’s Director of Entrepreneurship and Economic Opportunity, encourages entrepreneurs to submit proposals by 15 December 2024, focusing on blockchain’s potential to improve data security, transparency, and service efficiency. Detroit’s open invitation underscores its ambition to position itself as a progressive hub for technological advancement.
Detroit officials also aim to modernise payment processes city-wide, improving accessibility and efficiency. The Treasurer’s Office envisions the new system as a bridge for Detroiters, including unbanked residents, to benefit from smoother electronic payment channels, reinforcing Detroit’s reputation as a forward-thinking, tech-friendly city.
French AI startup LightOn launched an initial public offering (IPO) on the Euronext Growth market in Paris, with its debut trading expected later this month. The company, known for its large language model (LLM) software used by businesses and the French government, will be Europe’s first publicly listed generative AI startup, a significant milestone as France aims to position itself as a leader in AI within Europe.
LightOn’s co-CEOs Igor Carron and Laurent Daudet emphasised that the IPO provides a ‘unique opportunity’ for investors to support a growing French tech company with a track record of success both in France and internationally. Shares are priced at 10.35 euros, valuing the company at around 50 million euros, and LightOn aims to raise roughly 10.4 million euros through the capital increase. The subscription period will run until November 20, with shares expected to trade beginning 26 November.
This move aligns with France’s broader push to close the innovation gap with the US and the UK, with ambitions for 100 tech ‘unicorns’ by 2030. LightOn’s listing could signal an opening for more European AI firms to seek public funding, offering investors access to an evolving tech market in the region.
Amazon is reportedly in advanced talks for a second multi-billion dollar investment in the AI startup Anthropic, building on its previous $4 billion commitment made in 2023. This new investment would not only bolster Amazon’s growing ties with Anthropic but also help enhance its strategic position in the highly competitive AI sector. Anthropic, which is using Amazon Web Services (AWS) to power its AI model training, has become a key player in the AI race.
In addition to providing financial backing, Amazon has reportedly asked Anthropic to utilise its servers, which are powered by Amazon’s custom-designed chips. However, sources note that Anthropic has a preference for using Nvidia-designed chips, which are widely recognised as the industry standard for AI processing. This dynamic highlights the ongoing competition between Amazon and Nvidia in the AI hardware space, as both tech giants vie for dominance in the rapidly expanding market.
Anthropic, founded by former OpenAI executives Dario and Daniela Amodei, has attracted significant interest from other major players in the tech industry. The startup secured a $500 million investment from Google’s parent company, Alphabet, last year, with Alphabet pledging an additional $1.5 billion over time. Despite these investments, both Amazon and Anthropic have declined to comment on the specifics of the latest talks regarding the new investment, underscoring the confidential nature of these high-stakes negotiations.
GlobalWafers has expressed optimism that the US Chips and Science Act will continue to provide strong support for chip manufacturers under the new administration. This landmark act, aimed at boosting domestic semiconductor production, offers financial incentives to encourage companies to invest in US facilities—a vital step toward securing supply chains and reducing reliance on foreign manufacturing.
In a recent statement, GlobalWafers noted that programs of this scale and duration are typically supported across different US administrations, given their importance to economic and national security. The company sees the CHIPS Act as essential for driving investments in semiconductor production and also for advancing technological innovation within the industry. They anticipate that the act’s stability under a Trump administration will allow businesses to plan long-term investments in US operations without interruption.
By fostering consistent investment in chip manufacturing, GlobalWafers believes the CHIPS Act will help ensure a robust, self-reliant US semiconductor ecosystem. The program’s continuation is seen as crucial for sustaining growth in the industry, creating jobs, and advancing the global competitiveness of the US in semiconductor technology.
Swiss bank UBS has successfully tested a new blockchain-based payment system, UBS Digital Cash, aimed at streamlining cross-border transactions. The pilot, which included multinational corporations and banks, processed both domestic and international payments in currencies like the US dollar, Swiss franc, euro, and Chinese yuan. This move marks a significant step in UBS’s efforts to enhance payment efficiency and transparency for its clients.
Andy Kollegger, head of UBS Institutional & Multinational Banking, emphasised that cross-border blockchain payments are a strategic priority for the bank, as they offer a more efficient and visible way to handle international transfers. The UBS Digital Cash pilot also allowed liquidity transfers between various UBS entities, demonstrating the system’s capability to improve internal cash management.
UBS plans to further develop UBS Digital Cash, which operates on a private blockchain network accessible only to authorised clients. By using smart contracts, the system automatically settles payments once specific conditions are met, providing clients with enhanced control over intraday liquidity and account buffers through real-time cash position tracking.
BNB Chain has introduced a tokenisation solution to ease entry into web3 for individuals and small businesses. The platform’s one-stop solution supports tokenising real-world assets and company shares, making it easier for users to navigate the web3 ecosystem. The initiative aims to bring tangible assets, such as property and commodities, into the digital sphere by converting them into tradable tokens.
Through partnerships with firms like BitBond and Matrixdock, BNB Chain’s business tokenisation service allows companies to issue their tokens on the blockchain. It is part of a broader effort to remove technical barriers and open up Web3 access to more people. According to BNB Chain, tokenising real-world assets is expected to be a key step in expanding Web3 use cases, particularly for small and medium-sized enterprises.
BNB Chain’s ecosystem has grown to over 4 million users, with more than 4,000 decentralised applications now running on its network. Supporting services such as carbon credits and natural hydrogen tokenisation, the chain aims to diversify its offerings and drive even greater adoption of web3 technology.
Nokia and Taiwan Mobile are strengthening their long-standing partnership through a one-year 5G contract extension designed to enhance 5G performance and 4G/LTE coverage across Taiwan. The expansion follows Taiwan Mobile’s recent merger with Taiwan Star, positioning the operator for the 5G-Advanced era and significantly boosting service quality for its 10 million customers, including those in rural regions.
As part of the contract, Nokia will introduce its advanced AirScale equipment in Taiwan for the first time, deploying high-capacity, energy-efficient solutions such as the ReefShark System-on-Chip and Massive MIMO radios. Furthermore, Carrier Aggregation technology will be integrated to combine spectrum bands, thus improving data rates, throughput, and network capacity.
Overall, these upgrades directly support Taiwan Mobile’s commitment to exceptional service and environmental sustainability, with thousands of LTE sites set to be modernised for increased energy efficiency. In addition, Nokia and Taiwan Mobile are jointly committed to delivering robust connectivity nationwide.
By using advanced, energy-efficient technology, they aim to support Taiwan Mobile’s 10 million customers, including over 1 million IoT devices. Consequently, the partnership ensures that users in both urban and rural areas can experience the full benefits of 5G, thereby advancing Taiwan’s digital landscape and enhancing nationwide connectivity.
NTT DATA and Google Cloud have partnered to launch a new subsea cable linking Saudi Arabia and Egypt through the Red Sea to expand regional connectivity. The cable, owned by Mobily, connects the Arabian Gulf to Egypt’s Red Sea landing station and integrates with multiple subsea cable systems in Egypt.
This launch follows a memorandum of understanding signed two years ago between the two companies, marking a significant milestone in regional telecommunications development. The new cable is designed to extend an existing subsea network, enabling the operator to handle increased telecom traffic and improve communication flexibility between the Middle East and Europe.
The cable is also seen as a crucial step in strengthening Saudi Arabia’s position as a leading international hub for telecommunications services and data traffic, aligning with the goals of Saudi Vision 2030. The project underscores a commitment to expanding infrastructure and enhancing regional and international capabilities. Additionally, the partnership complements the newly established landing station in Sharm El Sheikh, with plans to develop new crossing routes to the Mediterranean Sea.
