THREE MAJOR CARRIERS UNITE ON SATELLITE COVERAGE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
AT&T, T-Mobile, and Verizon announced a joint venture Thursday to expand satellite capabilities across their mobile networks, targeting coverage gaps in underserved areas.
■ MORE FROM THE BUSINESS DESK
Jio Platforms, India's largest carrier backed by Meta and Google, has received regulatory approval to launch the country's biggest-ever initial public offering worth approximately $4 billion.
Neocloud Lambda has secured $1 billion in private debt financing to purchase Nvidia AI chips for resale to Microsoft. The funding marks the latest major investment in AI infrastructure as demand for chips continues to outpace supply.
French quantum computing company Pasqal Holding SA went public Friday via SPAC merger, with shares closing up 95% on their first trading day—a strong performance compared to other recent quantum computing debuts.
A test of 100 firms revealed widespread confusion over California's legal data access rights, with many companies deleting information instead of providing it to requesters.