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OutSystems is an outstanding way to quickly deploy apps and AI agents in the River Results,
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a top U.S. bay deployed apps for customers to open new accounts, while a global brewer developed
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an app to automate tasks worldwide. OutSystems build your agentic future.
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Here's your morning TNB Tech Minute for Monday March 2. I'm Anthony Bancy for the Wall Street Journal.
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Amazon Web Services is experiencing disruption in the United Arab Emirates after unidentified
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objects struck one of its data centers on Sunday, causing a fire. The company didn't elaborate
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on what caused the incident, but the fire broke out as Iranian projectiles continued to strike
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the UAE. The disruption is ongoing. InVidia is investing $2 billion in both
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Lumentum and Coherent as part of agreements to help accelerate advanced updates technologies
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for AI infrastructure. The separate agreements include a multi-billion dollar purchase commitment
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from InVidia and future capacity access rights for advanced laser products. The company
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said that optical connection technologies are critical to the next phase of AI infrastructure,
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allowing for ultra-high bandwidth energy-efficient connectivity for AI networks.
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And Chinese artificial intelligence startup Minimax is annual revenue surged to $79 billion
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in 2025 from $30.5 million from the year before. The growth was driven by the Shanghai-based
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company's AI native apps. However, its net loss widened sharply to nearly $2 billion
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from around $465 million. The company said the losses were largely due to, quote,
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"...significant remeasurement losses on our preferred shares due to continued increases
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in our valuation." The results are Minimax's first since the
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generative AI company went public in Hong Kong in January. Investors eager to gain exposure
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to the AI boom have since sent its shares vaulting more than fourfold from their IPO
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price, pushing the company's market capitalization past $30 billion. And that's your TNB tech
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minute. We'll be back this afternoon with more.
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So many organizations choose out systems, because it's an outstanding way to quickly deploy
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apps in AI agents and deliver results. A top US bank deployed apps for their customers
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to easily open new accounts on any device. We helped a leading global insurer quickly
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deliver a portal and app for their employees, while a global brewer developed an app to
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automate tasks to clear bottlenecks. Out systems, build your agentic future.
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To learn more, visit outsystems.com slash WSJ.