iTWire Update – Australian Owned and Operated

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Hi John,


Australian digital asset management company Collaboro has struck a deal with Macquarie Cloud Services, part of Macquarie Technology Group, to store and preserve the quality of media assets for well-known brands.

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American telecommunications company and enterprise technology platform Lumen Technologies has launched a Wi-Fi 7 capable devices for its Quantum Fibre customers.

Nvidia Research has created Eureka, an AI agent that uses a large language model to teach robots complex skills like rapid pen-spinning tricks, or tossing and catching balls at a human level, for the first time.

Chinese smartphone manufacturer Oppo has announced a second foldable device, the Find N3, will be released in Australian soon, following the global release in Singapore. The device will be offered at an RRP of $2699.

Finnish telecoms equipment vendor Nokia is planning to lay off 9,000 to 14,000 employees by the end of 2026 to cut costs after the company reported a 20% drop in sales between July and September.

Australian-listed Macquarie Technology Group (ASX: MAQ) Head of Private Cloud, Jonathan Staff, has called on Australian enterprises and technology providers to do more to lay down the right foundations on which to build AI, warning that cutting corners will come with major risks down the line.

And as always there's plenty more today, so for all the news please visit www.itwire.com.

Josh Martinez, newsletter editor, iTWire

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