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Laiqon has appointed a former UBS executive to its Board of Directors, enhancing its leadership team. Henrik af Donner, who previously served as managing partner at Meander Capital, has been named Head of Sales for Northern Europe at BNP Paribas Asset Management, bringing extensive experience from Axa Investment Managers and UBS Global Asset Management.
Artificial intelligence is rapidly evolving, presenting significant opportunities for telecom operators, according to Huawei executives. The average daily usage of AI model tokens in China has surged 33-fold in eight months, with expectations that mobile internet traffic driven by AI will exceed current levels by 3.5 times by 2030. To capitalize on this growth, telecoms must transform their business models and enhance their infrastructure to fully leverage the revenue potential of AI traffic.
Swedish fund manager Areim has successfully raised €450 million (US$481 million) to advance sustainable data center development through its subsidiary, EcoDataCenter. The funding, announced on March 5, aims to minimize the environmental impact of data centers by utilizing renewable energy and innovative technologies. EcoDataCenter, established in 2019, focuses on optimizing energy efficiency and reducing emissions.
Tesla's sales have plummeted in several key markets, with a staggering 76% drop in Germany and nearly 50% decline in China, where competition from BYD surged. Other European countries like Norway, Denmark, and Sweden also reported significant year-over-year decreases, raising concerns for Elon Musk as he aims for growth amid increasing competition and political controversies surrounding his actions.
CoreWeave has partnered with EcoDataCenter, which has successfully secured half a billion dollars in funding. This investment aims to support the construction of more sustainable buildings tailored for artificial intelligence applications. The initiative highlights a growing commitment to eco-friendly infrastructure in the tech industry.
UBS has raised its price target for Costco Wholesale Corporation to $1,205 from $1,140. The company operates 890 warehouse stores across various countries, with the majority located in the U.S. (72.4% of net sales), and generates 98.1% of its revenue from product sales and 1.9% from subscriptions.
Lila Alexey Tretikov, founder of NAM.R SA, has held various prominent positions, including Independent Director at Volvo Car AB and Xylem, Inc. She previously served as CEO of Wikimedia Endowment and Wikipedia, Inc., and has extensive experience in technology and management roles across multiple companies. Tretikov holds degrees from the University of California, Berkeley, and Moscow State University Lomonosov.
US President Donald Trump has initiated an investigation into timber imports, potentially leading to higher tariffs, citing national security concerns. This move targets large exporters like Germany, Canada, and Brazil, with the aim of boosting domestic timber production and reducing construction costs. However, industry leaders warn that such tariffs could increase construction expenses and hinder new projects.
Elon Musk has expressed support for the US to leave NATO and the UN, raising concerns about the future of US involvement in European security and its implications for Ukraine, which seeks NATO membership. Experts warn that such a withdrawal could significantly weaken US interests and embolden Russia, potentially escalating tensions in the region.
Web Summit Qatar 2025 attracted over 25,700 attendees, significantly surpassing last year's numbers, and featured 723 investors and 1,520 startups, with a notable increase in women-founded companies. The event saw the signing of 56 MoUs and the issuance of 156 operating licenses, highlighting Qatar's growing role in the global tech landscape. Key innovations included AI-driven travel tools from Qatar Airways and the launch of the MENA region's first AR academy in collaboration with Snap Inc.
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Laiqon appoints former UBS executive to enhance Board of Directors expertise
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