Video game publisher Electronic Arts (EA) announced on Monday that it has agreed to be acquired in an all-cash deal worth $55 billion. The buyers are a consortium led by the Public Investment Fund (PIF) of Saudi Arabia, private equity firm Silver Lake, and Affinity Partners. The transaction will take the gaming giant private, with…
Oulu, Finland—Nokia has officially opened its new, state-of-the-art Research & Development (R&D) and manufacturing campus in Oulu, Finland, solidifying the city’s status as the “Home of Radio” and a critical hub for next-generation network technology. The cutting-edge facility, designed to develop and deliver networks built for the age of Artificial Intelligence (AI), was inaugurated in…
Google has introduced a new quantum computing chip called “Willow” that can solve problems in just five minutes that would take the world’s fastest supercomputers an astonishing 10 septillion years to complete. Quantum computing uses the strange rules of particle physics to create computers far more powerful than the ones we use today. Google says…
Authorities in Finland are investigating damage to a fibre-optic data cable on the Finland-Sweden land border that disrupted internet services, raising concerns in light of recent cable sabotage incidents in the Baltic Sea. Transport and Communications Minister Lulu Ranne confirmed on Tuesday that the Finnish government, alongside digital infrastructure firm Global Connect, is addressing the…
Muhos and Kajaani, Finland, Alphabet, the multinational tech giant and parent company of Google, has unveiled plans to significantly expand its data centre infrastructure in Finland. This ambitious move includes the purchase of approximately 1,400 hectares of land in Muhos and Kajaani, at an estimated cost of €27 million. According to a press release from…
What Happened? Northvolt, the Swedish electric vehicle (EV) battery maker once seen as Europe’s best hope for reducing reliance on Chinese manufacturers, has filed for Chapter 11 bankruptcy protection in the U.S. The company, burdened with $5.8 billion in debt, has only $30 million in cash enough to sustain operations for about a week. Despite…