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Tech Across the Globe

German data center: Deutsche Telekom and Nvidia are set to announce plans for a €1 billion data center in Germany as part of a push across Europe to develop more infrastructure for AI systems.

Amazon job cuts: The e-commerce company plans to begin reducing corporate jobs across most of its main divisions, including the Amazon Web Services cloud unit.

Disappearing Threads: Meta’s competitor to X is launching posts that will vanish after 24 hours to encourage people to share “unfiltered thoughts.”

Revalued

Buyout giant Vista snapped up a majority stake in Nexthink, valuing the Swiss-American software company at $3 billion. The private equity firm purchased some of the stake from Permira, which participated in a 2021 funding round that valued Nexthink at $1.1 billion. Nexthink uses artificial intelligence to track the performance of employees’ devices, apps and data connections.

Must Read

Amazon’s market-leading cloud unit is lagging behind its competitors in the effort to provide AI companies with computing power to train their models. But Amazon may not benefit from pouring resources into that low-margin, high-expense business, especially with plenty of potential growth remaining in the traditional cloud market, Matt Day reports in today’s Tech In Depth. 

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This Week in Power On

Apple is working on a vapor chamber to cool down and improve the performance of an iPad Pro model slated for as early as 2027, Mark Gurman reports in this week’s Power On. The liquid cooling component already is one of the best features of the company’s new iPhone 17 Pro and Pro Max, he writes.

Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech.

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