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Telecommunications & Media

Bell steps up World Cup network plans to keep service running with 45,000 fans

Canada telecoms company Bell is expanding networks around key stadium areas in Toronto and Vancouver to prepare for a surge in mobile traffic during the FIFA World Cup. Bell has deployed four mobile base stations and installed dozens of new antennas at the Toronto stadium, with $25 million invested. It expects capacity at the Toronto venue to triple during the tournament and peak download speeds to reach 4.3 Gbps, while monitoring the network around the clock.

World News

Five largest IPOs revisited as SpaceX plans listing

As Elon Musk\'s SpaceX pursues an initial public offering of about $75 billion, attention has returned to the world’s biggest IPOs to date. South China Morning Post reported that energy, e-commerce, telecoms, autos and finance dominate the top ranks. Saudi Aramco raised $29.4 billion in 2019, followed by Alibaba at $25.0 billion in 2014, SoftBank at $23.6 billion in 2018, General Motors at $23.1 billion in 2010 and Agricultural Bank of China at $22.1 billion in 2010.

AI & Enterprise

Reka AI seeks to expand world model and robotics business with Moonvalley acquisition

Reka AI, an AI video app developer, has acquired video generation AI model startup Moonvalley through an all-share exchange. The Information, citing two people familiar with the matter, reported that Toronto-based Moonvalley was founded in 2023 and offers video generation models trained on licensed data to avoid copyright infringement. Reka AI plans to use the acquisition to expand into world models and robotics, it said.