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STL secures $1 billion optical connectivity contract for hyperscale AI data centers

Sterlite Technologies Limited has landed a multi-year product supply agreement valued at over $1 billion. Under the deal, the digital networks integrator will provide advanced optical connectivity solutions to an unnamed hyperscaler to support the infrastructure build-out of artificial intelligence data centers.

India | 2 days ago
Investments & Funding
Investments & Funding

IBM to expand India footprint with quantum computing and advanced chip design investments

International Business Machines Corp. is planning new investments in India focused on quantum computing, cloud infrastructure, and advanced semiconductor design, according to government disclosures. The initiative is expected to deepen India’s high-end technology capabilities and create expanded roles for the country’s engineering workforce in cutting-edge chip development.

2 days ago • India
AI & Automation
AI & Automation

NVIDIA and IREN partner to deploy 5 GW of DSX-aligned AI infrastructure

NVIDIA and IREN Limited have entered a strategic partnership to develop up to 5 gigawatts of AI-optimized data center capacity. The agreement includes a $2.1 billion investment option for NVIDIA and centers on building massive 'AI factories' using the NVIDIA DSX architecture, primarily at IREN’s 2-gigawatt Texas campus.

2 days ago • Australia;United States
AI & Automation
AI & Automation

SAP to acquire Dremio to bridge data fragmentation in agentic AI workloads

SAP SE has reached an agreement to acquire the high-performance data lakehouse platform Dremio. The acquisition is designed to integrate SAP and non-SAP data via an open Apache Iceberg-native architecture, aiming to eliminate the data engineering bottlenecks that currently hinder the scalability of enterprise AI initiatives.

2 days ago • United States
Mergers & Acquisitions
Mergers & Acquisitions

Cognizant to acquire AI infrastructure specialist Astreya in USD 600 million deal to scale enterprise data center capabilities

Cognizant Technology Solutions has entered into a definitive agreement to acquire Astreya, a provider of AI infrastructure and data center services, for approximately USD 600 million. The transaction is expected to close in the second quarter of 2026 and aims to enhance Cognizant's ability to operationalize AI systems for enterprise clients.

2 days ago • United States
AI & Automation
AI & Automation

Meta secures massive AWS Graviton5 capacity to optimize agentic AI orchestration

Meta has initiated a large-scale deployment of AWS Graviton5 processors to support its next-generation artificial intelligence infrastructure. The deal, involving tens of millions of cores, focuses on handling the high CPU demands of autonomous agents, including real-time reasoning and multi-step task orchestration, while enhancing energy efficiency through 3-nanometer technology.

2 days ago • United States

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Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.

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