Transcript
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Outsystems is an outstanding way to quickly deploy apps and AI agents and deliver results. A top US bank deployed apps for customers to open new accounts, while a global brewer developed 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 30th. I'm Danny Lewis for the Wall Street Journal. Mistral AI has announced it's raised $830 million from a consortium of banks to run a new data center powered by Nvidia chips, its first debt financing operation. The French artificial intelligence startup has selected a site near Paris for the new data center, which will use nearly 14,000 advanced Nvidia chips to train AI models. Data center operations are expected to start in the second quarter. Mistral AI is seeking to expand its European infrastructure to meet growing demand for AI services. The startup is aiming to secure 200 megawatts of capacity across the continent by the end of next year, and last month said it would invest about $1.38 billion to deliver a new data center in Sweden that is expected to enter service next year. Chinese electric vehicle maker BYD has posted its first annual profit decline in four years, according to earnings released Friday. The company's annual net profit fell 19%. The Chinese auto giant's market share in China has shrunk amid fierce competition and rapid new model introductions and is experiencing a sales slowdown as domestic demand softens. The carmaker has also faced pressure from Chinese authorities to halt a price war in the world's largest auto market, which has eroded profitability across the crowded EV sector. BYD hopes new technology will entice customers, such as a new EV battery released earlier this month that can be fully charged in nine minutes using its flash charging stations. And Taiwan Semiconductor Manufacturing Co. Could see stronger growth over the next two years amid chip demand across the tech industry. That's according to a new note from Citi analysts. They say demand for chips is not only growing for AI companies, but for the broader ecosystem, including CPUs, networking chips and co packaged optics. The analysts say TSMC's AI related revenue could more than double thanks to the demand for bigger, more advanced chips. Citi expects 2 nanometer chips to become the semiconductor manufacturer's biggest revenue contributor over the next three years. That's your T and B tech minute. Join us again this afternoon for more.
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So many organizations choose Outsystems because it's an outstanding way to quickly deploy apps and AI agents and deliver results. A top US bank deployed apps for their customers to easily open new accounts on any device. We helped a leading global insurer quickly deliver a portal and app for their employees, while a global brewer developed an app to automate tasks to clear bottlenecks. Outsystems Build your agentic future. To learn more, Visit outsystems.com WSJ.