Financials

Jio 5G hits mass scale in India Reliance Jioโ€™s latest quarter shows 5G scaling from early adoption to mainstream, with financials and usage metrics moving in the right direction. 5G scale, usage, and revenue metrics Jio closed the quarter ended 30 September with 234 million 5G users, up 86 million year-on-year and now approaching half of its 506.4 million total mobile base. That penetration put…

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Jio closed the quarter ended 30 September with 234 million 5G users, up 86 million year-on-year and now approaching half of its 506.4 million total mobile base. Financial momentum tracked the subscriber and traffic surge. Jio Platforms posted quarterly revenue of INR 426.5 billion, up 14.9% year-on-year, and net profit of INR 73.8 billion, up 12.8%. Jioโ€™s fixed wireless access service, Jio AirFiber, more than tripled year-on-year to 9.5 million subscribers. Bottom line: Jioโ€™s 5G is now at meaningful scale with rising ARPU, heavier usage, and fast-growing FWAโ€”setting up a monetization phase led by targeted pricing actions, application partnerships, and enterprise services as 5G-Advanced capabilities arrive.
Verizon and AST SpaceMobile have advanced their partnership into a definitive commercial agreement to deliver space-based cellular coverage in the United States starting in 2026. The agreement enables Verizon subscribers to connect โ€œwhen neededโ€ to AST SpaceMobileโ€™s low Earth orbit (LEO) satellites using standard, unmodified phones. AST says service will focus on coverage gaps across the continental U.S., and will extend Verizonโ€™s premium 850 MHz low-band spectrum into remote areas. AST highlights successful space tests as proof points and positions the network for both commercial and government use.
OpenAI has acquired Roi, a New Yorkโ€“based personal finance startup founded in 2022 that built an AI companion to aggregate and advise on a userโ€™s full financial footprint across stocks, crypto, DeFi, real estate, and NFTs. The move extends a year of acqui-hires at OpenAI, following Context.ai, Crossing Minds, and Alex. Personalization is becoming the moat for AI consumer products. Models are converging in capability, so durable advantage shifts to data, context, and engagement design. OpenAIโ€™s Roi acqui-hire is less about a finance app and more about owning the personalization layer across consumer AI.
Fujitsuโ€™s latest generative AI breakthrough compresses large language models by 94% using 1-bit quantization, tripling inference speed and retaining 89% accuracy. Combined with brain-inspired knowledge distillation, these enhancements power high-speed, low-cost AI for CRM, image recognition, and edge deployments, all while reducing energy demands.
NVIDIA and AMD will launch AI chips in China by July 2025, including the B20 and Radeon AI PRO R9700, tailored to comply with U.S. export rules. With performance capped under regulatory thresholds, these GPUs aim to support Chinaโ€™s enterprise AI needs without violating tech trade restrictions. NVIDIA is also rolling out a lower-cost chip based on Blackwell architecture, signaling a shift toward compliant yet capable AI compute options in restricted markets.
OpenAIโ€™s Stargate projectโ€”a $500B plan to build global AI infrastructureโ€”is facing delays in the U.S. due to rising tariffs and economic uncertainty. While the first phase in Texas slows, OpenAI is shifting focus internationally with โ€œOpenAI for Countries,โ€ a new initiative to co-build sovereign AI data centers worldwide. Backed by Oracle and SoftBank, Stargate is designed to support massive AI workloads and reshape global compute power distribution.
Dirty data in data centers undermines everything from AI accuracy to energy efficiency. With poor metadata, data drift, and dark data hoarding driving up costs and emissions, organizations must adopt DataOps, metadata tools, and a strong data culture to reverse the trend. Learn how clean data fuels smarter automation, compliance, and sustainability.
There’s immense pressure for companies in every industry to adopt AI, but not everyone has the in-house expertise, tools, or resources to understand where and how to deploy AI responsibly. Bloomberg hopes this taxonomy โ€“ when combined with red teaming and guardrail systems โ€“ helps to responsibly enable the financial industry to develop safe and reliable GenAI systems, be compliant with evolving regulatory standards and expectations, as well as strengthen trust among clients.
NVIDIA has launched a major U.S. manufacturing expansion for its next-gen AI infrastructure. Blackwell chips will now be produced at TSMCโ€™s Arizona facilities, with AI supercomputers assembled in Texas by Foxconn and Wistron. Backed by partners like Amkor and SPIL, NVIDIA is localizing its AI supply chain from silicon to system integrationโ€”laying the foundation for โ€œAI factoriesโ€ powered by robotics, Omniverse digital twins, and real-time automation. By 2029, NVIDIA aims to manufacture up to $500B in AI infrastructure domestically.
The future of manufacturing is intelligent, autonomous, and sustainable. Powered by private 5G networks, AI, and digital twins, smart factories are revolutionizing how goods are produced and maintained. From predictive maintenance to immersive virtual twins and AI-optimized energy systems, smart manufacturing is unlocking new levels of efficiency and innovation across industriesโ€”from ports and shipyards to agriculture and healthcare.
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