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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 Wednesday, March 11th. I'm Julie Chang for the Wall Street Journal. Nvidia will invest $2 billion in Nebias Group to expand AI cloud infrastructure. Under the agreement, the companies will work together design and deploy large AI data centers. Nebias will also gain early access to Nvidia's latest computing technologies. Nebias said the partnership will help expand computing capacity across its global platform. Earlier this month, the company received approval to build a 1.2 gigawatt data center campus in Missouri. The deal comes as Nvidia's been investing across the broader AI infrastructure supply chain. We exclusively report that the Justice Department is investigating Iran's use of finance to evade U.S. sanctions, according to company documents and people familiar with the matter. The probe follows the crypto exchange's dismantling of an internal investigation into more than $1 billion that flow through the platform to a network funding terror groups backed by Iran. Sources say officials have contacted people with knowledge of the transactions. The Journal couldn't determine whether the DOJ is investigating Binance itself or just its customers. A Binance spokesman said the exchange categorically did not directly transact with any sanctioned ent. The Justice Department declined to comment. Iranian authorities didn't respond to a request for comment and Oracle has raised its sales outlook as demand for AI continues to outpace supply. The company's quarterly revenue rose 18% to more than $17 billion, with cloud revenue up 41% and cloud infrastructure sales jumping 81%. It posted a profit of $3.72 billion last quarter, compared with $2.94 billion year. Oracle now expects to meet and possibly exceed its revenue growth forecast for fiscal 2027 and beyond. The company has been using AI internally to boost efficiency and shrink product development teams. It spent $153 million on restructuring costs in the quarter, which included severance expenses. And that's your TMB 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 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.