IBM unveiled its latest AI model, known as ‘Granite 3.0,’ on Monday, targeting businesses eager to adopt generative AI technology. The company aims to stand out from its competitors by offering these models as open-source, a different approach from firms like Microsoft, which charge clients for access to their AI models. IBM’s open-source strategy promotes accessibility and flexibility, allowing businesses to customise and integrate these models as needed.
Alongside the Granite 3.0 models, IBM provides a paid service called Watsonx, which assists companies in running these models within their data centres once they are customised. This service gives enterprises more control over their AI solutions, enabling them to tailor and optimise the models for their specific needs while maintaining privacy and data security within their infrastructure.
The Granite models are already available for commercial use through the Watsonx platform. In addition, select models from the Granite family will be accessible on Nvidia’s AI software stack, allowing businesses to incorporate these models using Nvidia’s advanced tools and resources. IBM collaborated closely with Nvidia, utilising its H100 GPUs, a leading technology in the AI chip market, to train these models. Dario Gil, IBM’s research director, highlighted that the partnership with Nvidia is central to delivering powerful and efficient AI solutions for enterprises looking to stay ahead in a rapidly evolving technological landscape.
Meta, the owner of Facebook, announced a partnership with Blumhouse Productions, known for hit horror films like ‘The Purge’ and ‘Get Out,’ to test its new generative AI video model, Movie Gen. This follows the recent launch of Movie Gen, which can produce realistic video and audio clips based on user prompts. Meta claims that this tool could compete with offerings from leading media generation startups like OpenAI and ElevenLabs.
Blumhouse has chosen filmmakers Aneesh Chaganty, The Spurlock Sisters, and Casey Affleck to experiment with Movie Gen, with Chaganty’s film set to appear on Meta’s Movie Gen website. In a statement, Blumhouse CEO Jason Blum emphasised the importance of involving artists in the development of new technologies, noting that innovative tools can enhance storytelling for directors.
This partnership highlights Meta’s aim to connect with the creative industries, which have expressed hesitance toward generative AI due to copyright and consent concerns. Several copyright holders have sued companies like Meta, alleging unauthorised use of their works to train AI systems. In response to these challenges, Meta has demonstrated a willingness to compensate content creators, recently securing agreements with actors such as Judi Dench, Kristen Bell, and John Cena for its Meta AI chatbot.
Meanwhile, Microsoft-backed OpenAI has been exploring potential partnerships with Hollywood executives for its video generation tool, Sora, though no deals have been finalised yet. In September, Lions Gate Entertainment announced a collaboration with another AI startup, Runway, underscoring the increasing interest in AI partnerships within the film industry.
Bain & Company announced it is expanding its partnership with OpenAI to offer AI tools like ChatGPT to its clients. The firms previously formed a global alliance to introduce OpenAI technology to Bain’s clients, and the consultancy has now made OpenAI platforms, including ChatGPT Enterprise, available to its employees worldwide.
Bain is also setting up an OpenAI Centre of Excellence, managed by its own team, to further integrate AI solutions. The partnership will initially focus on developing custom solutions for the retail and healthcare life sciences industries, with plans for expansion into other sectors.
While Bain did not disclose financial details, around 50 employees will be dedicated to this collaboration, as reported by the Wall Street Journal.
Schneider Electric has announced an $850 million deal to acquire a 75% controlling stake in Motivair Corp, a US company specialising in liquid cooling solutions for high-performance computing. The French firm expects to complete the all-cash deal in the coming quarters, with plans to acquire the remaining stake by 2028. The acquisition is part of Schneider’s strategy to expand its offerings for the rapidly growing data centre market, which increasingly demands efficient cooling solutions for technologies like generative AI.
Motivair, located in Buffalo, New York, manufactures advanced cooling systems that pump coolant directly near chips, efficiently managing the heat produced by high-performance computing—something traditional air cooling struggles to do. Schneider CEO Peter Herweck emphasised the expansion of the data centre and networks sector, which accounted for 21% of the company’s 2023 orders, approximately 8 billion euros. He also noted strong global demand for these technologies.
Herweck stated that Schneider is not actively pursuing further acquisitions in the data centre sector but remains open to opportunities as they emerge. The company’s shares have climbed 31% this year, driven by its strong market presence and the growing demand for advanced cooling solutions in data centres.
The Mekong-US Partnership (MUSP) recently hosted a policy dialogue on online scams, bringing together government representatives from Thailand, the US, and Vietnam. The seminar, held in Bangkok, focused on addressing cybersecurity issues and fostering cooperation to combat online crime across the Mekong region. The event was organised by the Ministry of Foreign Affairs and the Stimson Center, with support from the US Department of State.
Discussions centred around strategies to prevent online scams, enhance risk management, and ensure the security of digital financial systems. Thai officials, including Ekapong Harimcharoen from the Ministry of Digital Economy and Society, highlighted national policies and shared insights with international partners. Participants explored collaborative efforts to build a secure online environment and promote regional connectivity under the MUSP framework.
Thailand is taking significant steps to expand its digital economy, projected to contribute 11% to GDP by 2027. Several laws and initiatives are already in place, such as the Personal Data Protection Act (PDPA) and the Cyber Security Act. These measures aim to protect data, promote responsible AI development, and safeguard critical infrastructure sectors including healthcare, banking, and telecommunications.
With remote work and cloud technologies becoming more prominent, the demand for cybersecurity solutions is growing. Thailand aims to position itself as a regional leader in information and communications technology while tackling the evolving challenges of cybercrime. Cooperation under the MUSP framework is expected to enhance resilience in the digital landscape of the Mekong sub-region.
The Mexican telecom giant, America Movil, will focus on expanding its 5G wireless technology next year, prioritising Latin American markets. Controlled by billionaire Carlos Slim’s family, the company aims to advance its 5G network across key regions.
The company allocated $7 billion for capital expenditure this year, with 5G expansion at the core of its strategy. CEO Daniel Hajj confirmed the effort will continue in 2025, singling out Mexico and other Latin American countries as priorities.
Additional funding is being considered to support operations in markets like Peru, Colombia, and Brazil, according to CFO Daniel Garcia. Maintaining current debt levels remains a goal despite plans for refinancing in these regions.
America Movil is also in discussions with SpaceX for potential collaboration. A partnership with the space technology firm could link SpaceX services with the company’s main mobile network. Shares rose over 3% following a strong earnings report, highlighted by tripled quarterly profits.
The Cybersecurity Association of China (CSAC) has urged a security review of Intel’s products in China, alleging that the US chipmaker poses a national security risk. Although CSAC is an industry group, it has strong connections to the Chinese government, and its claims may prompt action from the Cyberspace Administration of China (CAC).
CSAC’s post on WeChat accuses Intel’s chips, including its Xeon processors used for AI, of containing vulnerabilities and backdoors allegedly tied to the US NSA. The group warns that using Intel products threatens China’s national security and critical infrastructure.
This recommendation comes amid growing US-China tensions over technology and trade. Last year, the CAC banned Chinese infrastructure operators from using products from Micron Technology after a security review, raising concerns that Intel could face a similar outcome.
Intel’s China unit responded, emphasising its commitment to product safety and quality. The company stated on its WeChat account that it will cooperate with authorities to clarify concerns. If the CAC carries out a security review, it could impact Intel’s sales in its significant Chinese market. Intel’s shares recently dropped 2.7% in US premarket trading.
Kyrgyzstan is advancing towards comprehensive digital transformation by modernising identity systems and public services. Since adopting universal ID numbers in 2014, the country has introduced biometric passports and e-ID cards, ensuring secure and efficient identity management. These digital credentials provide citizens with access to public services while minimising fraud risks.
The government’s 2024-2028 digital transformation strategy aims to streamline public services via platforms like Tunduk, inspired by Estonia’s X-Road system. The platform integrates over 160 public services into mobile applications, allowing easy access to essential services. Kyrgyzstan has partnered with global firms such as KOMSCO, Mühlbauer, and Emptech to support these efforts.
Neighbouring countries, including Uzbekistan and Kazakhstan, are exploring cross-border digital identity solutions with Kyrgyzstan. This initiative aims to improve regional mobility and trade by enabling border crossings using national ID cards. However, challenges related to data sharing and cybersecurity remain key issues that need collaboration and trust among countries.
Despite infrastructure limitations in rural areas, Kyrgyzstan’s digital initiatives are gaining momentum with support from international partners like the UNDP and the EU. Enhanced mobile coverage and a 98% mobile penetration rate enable citizens to use digital IDs for official purposes, contributing to more transparent governance and fostering participation in the digital economy.
Wolfspeed is set to receive $750 million in government grants for its new silicon carbide wafer manufacturing plant in North Carolina, as announced by the US Commerce Department. This funding news caused the US chipmaker’s shares to surge over 30%. The preliminary agreement requires Wolfspeed to strengthen its balance sheet to safeguard taxpayer funds.
Investment firms, led by Apollo Global Management, have pledged an additional $750 million in financing for Wolfspeed. The company produces energy-efficient chips using silicon carbide, crucial for applications like electric vehicles and renewable energy systems. As part of a larger $6 billion expansion plan, Wolfspeed aims to increase its manufacturing capacity in Marcy, New York.
Wolfspeed anticipates up to $1 billion in cash tax refunds from the advanced manufacturing tax credit under the Chips and Science Act. CEO Gregg Lowe highlighted the significance of Wolfspeed’s products to the US economy and national security. However, the company has encountered difficulties this year, with its stock plummeting nearly 75% due to a decline in electric vehicle demand. The grant remains subject to due diligence and is not yet finalised.
Cyprus and Khazna have entered into a significant partnership through a Memorandum of Understanding (MoU) signed by the Deputy Ministry of Research, Innovation, and Digital Policy. That agreement aims to enhance Cyprus’s digital infrastructure by focusing on joint data centre projects, thereby positioning Cyprus as a key player in the global digital landscape.
Recognising Cyprus’s geographical advantage as a natural data gateway connecting Europe, Asia, and Africa, the collaboration seeks to attract businesses that require reliable, scalable, and secure data platforms. Furthermore, with a robust network of submarine fibre-optic cables and satellite teleports already in place, additional investments are planned to strengthen this infrastructure and meet the growing demands for digital connectivity.
In addition, the partnership aims to integrate advanced technologies such as AI, smart mobility, and space solutions, driving the evolution of Cyprus into a regional tech and innovation hub while fostering a vibrant digital economy for both citizens and businesses. Moreover, the commitment to creating new business and economic opportunities is expected to benefit society and future generations.
By leveraging Khazna’s expertise in hyperscale digital infrastructure, this collaboration will further enhance Cyprus’s position as a growing technology hub in the region. Ultimately, this partnership signifies a strategic commitment to digital transformation and reflects a shared vision of a digitally advanced Cyprus poised for future innovation and growth.
