Deutsche Telekom and NVIDIA join forces
German telecommunications company Deutsche Telekom and US chip and microprocessor manufacturer NVIDIA have agreed to work together to build the first industrial AI cloud for European manufacturers in Germany.
The implementation of the industrial AI cloud will take place no later than 2026, the two companies said in a statement.
NVIDIA will supply 10,000 chips for the site, while Deutsche Telekom will provide the infrastructure and will be responsible for data centers, operations, sales, security, and artificial intelligence solutions.
Speaking of AI, Meta has made a significant investment in Scale AI, valuing the company at over $29 billion, and expanding its business partnership.
Following its investment, Meta will retain a minority stake in Scale's outstanding capital, the company said, without providing financial details.
Reuters reported, citing sources familiar with the matter, that Meta will acquire a 49% stake in Scale for $14.3 billion.
Scale, which provides data for AI development through its data foundry, said it will use the proceeds from the transaction to enhance its offering and provide liquidity to its shareholders.
Grupo Elektra , a Mexican company dedicated to the specialty retail and financial services business, plans to raise up to 12.414 billion 582.8 billion pesos (US$655 million) by issuing three bonds with maturities of three, five, and seven years in the local debt market.
The company will issue the bonds in the form of communicating vessels, or in a series of issues carried out in parallel and which together cannot exceed the amount established for the total placement, under a dual program of stock certificates for a revolving amount of up to 20 billion pesos or its equivalent in investment units (UDIs).
The bonds received a rating of 'AA-.mx' from Moody's Local Mexico, the second tier on the local scale of investment-grade assets; 'HR AA' from HR Ratings, the third tier in the same classification; and 'AA/M' from PCR Verum.
The International Federation of Pension Fund Administrators (FIAP) assumed the presidency of the World Pension Alliance this weekend, of which it has been a member since 2016.
The World Pension Alliance currently represents more than 400 million participants and beneficiaries covered by retirement plans, and approximately 5,000 providers managing $7 trillion.
The main objective of this organization is to be the leading voice of the pension industry, promoting the exchange of ideas, experiences, and best practices among its members.
Eleconomista
