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Tech Across the Globe

China cyberattacks: Chinese hackers accessed classified UK computer systems for more than a decade, including spotting information marked “official-sensitive” and “secret,” officials said.

Nintendo going big: The Switch 2 has buoyed Nintendo’s share price by 50% this year, and the company plans to produce 25 million units by March, leaning into that success with ramped-up production aiming for record-breaking console sales.

Infosys outlook: India’s second-largest IT outsource provider raised the lower end of its annual revenue forecast, betting on a revival of technology spending spurred by artificial intelligence work.

Revalued

Meta Platforms has sealed a deal with Blue Owl Capital in a nearly $30 billion financing package to build the social media company’s biggest data center site in rural Louisiana. Morgan Stanley arranged the financing through a special purpose vehicle, which means the debt isn’t being directly borrowed by Meta. Still, Meta will be the data center’s developer, operator and tenant.

Must Read

Solaris Energy has seen its stock jump almost 300% in the past year after it signed a deal to provide gas-powered turbines to Elon Musk’s xAI for data center projects, Carmen Arroyo writes in today’s Tech In Depth. The little-known company is a beneficiary of the AI boom, but also at risk if demand eases with xAI as its lone data center customer, she writes.

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This Week in Q&AI

OpenAI’s deal with Broadcom for 10 gigawatts of data center capacity includes a plan to custom design chips and networking components, Shirin Ghaffary reports in this week’s Q&AI. The project offers the promise of meaningful technical and cost benefits for the AI company, she writes.

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