TNB Tech Minute: Amazon Web Services Disrupted in U.A.E.

OutSystems is an outstanding way to quickly deploy apps and AI agents in the River Results,

a top U.S. bay deployed apps for customers to open new accounts, while a global brewer developed

an app to automate tasks worldwide. OutSystems build your agentic future.

Here's your morning TNB Tech Minute for Monday March 2. I'm Anthony Bancy for the Wall Street Journal.

Amazon Web Services is experiencing disruption in the United Arab Emirates after unidentified

objects struck one of its data centers on Sunday, causing a fire. The company didn't elaborate

on what caused the incident, but the fire broke out as Iranian projectiles continued to strike

the UAE. The disruption is ongoing. InVidia is investing $2 billion in both

Lumentum and Coherent as part of agreements to help accelerate advanced updates technologies

for AI infrastructure. The separate agreements include a multi-billion dollar purchase commitment

from InVidia and future capacity access rights for advanced laser products. The company

said that optical connection technologies are critical to the next phase of AI infrastructure,

allowing for ultra-high bandwidth energy-efficient connectivity for AI networks.

And Chinese artificial intelligence startup Minimax is annual revenue surged to $79 billion

in 2025 from $30.5 million from the year before. The growth was driven by the Shanghai-based

company's AI native apps. However, its net loss widened sharply to nearly $2 billion

from around $465 million. The company said the losses were largely due to, quote,

"...significant remeasurement losses on our preferred shares due to continued increases

in our valuation." The results are Minimax's first since the

generative AI company went public in Hong Kong in January. Investors eager to gain exposure

to the AI boom have since sent its shares vaulting more than fourfold from their IPO

price, pushing the company's market capitalization past $30 billion. And that's your TNB tech

minute. We'll be back this afternoon with more.

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automate tasks to clear bottlenecks. Out systems, build your agentic future.

To learn more, visit outsystems.com slash WSJ.