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Deutsche Telekom announced it expects artificial intelligence to generate roughly $1.24 billion in gross cost savings outside the United States by 2027. The telecom group framed AI as a tool for both cutting costs and boosting revenue across its operations.
Nokia shares jumped 6.3% after the company announced a partnership with Microsoft aimed at expanding its data offering for telecommunications providers. The gain pushes Nokia's stock up nearly 70% for the year so far.
Rocket Lab has filed a protest with the Government Accountability Office challenging NASA's decision to award Blue Origin a contract worth roughly $700 million to build, launch and operate a Mars Telecommunications Network spacecraft. Rocket Lab argues NASA's selection violated eligibility criteria set by Congress in the funding legislation and that its own technical proposal was reviewed unfairly.
NASA has selected Blue Origin to build the Mars Telecommunications Network, a deal potentially worth $700 million. The orbiter is due to be operational by December 31, 2028, relaying science data, imagery, navigation details, and mission-critical communications for spacecraft near and on Mars.