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

0:00OutSystems 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

1:01said 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.

2:03So many organizations choose out systems, because it's an outstanding way to quickly deploy apps in 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. Out systems, build your agentic future. To learn more, visit outsystems.com slash WSJ.