| | JUNE 20248DATABRICKS TO ACQUIRE TABULAR FOR OVER $ 1 BILLIONWith the heightening transmission capacity interest from residential and enterprise customers, Hong Kong Broadband Network ("HKBN") has uncovered a strategic agreement with Nokia to speed up the sending of cutting edge ultra high velocity broadband, presenting a pivotal time of lightning-quick 25Gbps broadband services. By utilizing this cooperation, HKBN is at the very front of organization improvement, ready to lead customers towards another time of network and digital innovation.William Yeung, HKBN Co-Owner, Executive Vice-chairman and Group CEO said, "Since 2004, HKBN has been the market leader in introducing Hong Kong's first fibre-to-the-home broadband service. With an unwavering commitment to innovation, we have joined forces with Nokia to achieve a groundbreaking upgrade, providing customers with a revolutionary 25Gbps broadband speed that meets their ever-increasing demands for network connectivity. Looking ahead, our company will continue to stay at the forefront of technological advancements, investing resources to expand network coverage and upgrade infrastructure. This will enable more households and businesses to benefit from our exceptional and high-quality services."Geert Heyninck, Vice President of Broadband Networks at Nokia, said: "Nokia's technology enables HKBN to upgrade its existing fiber network quickly and efficiently, leveraging both passive and active assets. With Nokia's technology and HKBN 's citywide network, we're leading customers into a new era of seamless connectivity."Home-level applications like Wi-Fi 8, 8K high-resolution video, augmented reality (AR), and virtual reality (VR) will require greater bandwidth as new generation devices and strong demand for digital transformation accelerate the upgrade of broadband network technology. Databricks, leading data and AI firm, added that it would acquire information the executives startup Even for more than $1 billion, as the privately held investigation stage hopes to lure customers by assisting them with creating custom artificial intelligence (AI) applications.The declaration comes when organizations are multiplying down endeavors to fabricate an environment for clients to utilize open-source AI models, in a bid to acquire market share from opponents like Snowflake and Cloudera, among others, in an exceptionally competitive market.Tabular, established by Ryan Blue, Daniel Weeks and Jason Reid in 2021, offers an independent and universal storage platform to its customers. Databricks, based in San Francisco, California, stated that Tabular's 40 employees would join it following the transaction's completion during its second quarter, which began on July 31.The frenzy for all around AI has ignited the requirement for powerful foundation to store and oversee corporate information, as organizations make their own huge language models after the launch of OpenAI's viral chatbot ChatGPT. Databricks' essential item is an innovation for holding gigantic troves of corporate information such that makes it simple to get to and break down. Yet, doing so still normally requires a data scientist to compose PC code that finds and controls the information. The organization had consented to buy AI startup MosaicML in an arrangement esteemed at $1.3 billion in June last year. Databricks counts AT&T, Warner Brothers Discovery and Rivian Car, among others, as its customers.IN FOCUSHKBN & NOKIA PARTNER TO ADVANCE DEPLOYMENT OF NEXT-GEN HIGH-SPEED BROADBAND
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