IT, AI & Telecommunications

Beijing – November 04, 2026 -- The World Internet Conference (WIC) Distinguished Contribution Award went to two individuals and 15 enterprises at the opening ceremony of the 2026 WIC Wuzhen Summit, and several winners named open source and openness as the basis of their growth. The award recognizes contributions to global internet-related fields since its inception in 2024.

Zelos reaches 300 Chinese cities and more than 20 countries and regions in five years

Zelos, which builds autonomous-driving unmanned logistics vehicles, says it has expanded to more than 300 cities in China and over 20 countries and regions since its debut five years ago. Founder and CEO Kong Qi said open source and openness "lower the barrier to innovation." According to the report, the technology is helping upgrade urban freight road networks, cutting costs and raising efficiency.

NEW YORK – November 04, 2026 -- Kyndryl (NYSE: KD) lifted adjusted EBITDA to $699 million in its fiscal second quarter ended September 30, 2026, up from $641 million a year earlier, even as revenue fell 1.9% to $3.7 billion. Revenue declined 0.8% in constant currency. The company reaffirmed its fiscal 2027 outlook.

Profit rises before charges, while net income and free cash flow weaken

Pretax income reached $112 million, compared with $98 million in the prior-year period. Adjusted pretax income rose to $150 million from $123 million.

Net income fell to $59 million, or $0.27 per diluted share, from $68 million, or $0.29. Adjusted net income increased to $92 million, or $0.42 per share, from $89 million, or $0.38.

Workforce rebalancing charges doubled to $38 million from $19 million. Cash provided by operations rose to $172 million from $147 million. Free cash flow was a use of $34 million, against a source of $22 million a year earlier.

Herndon, Virginia – November 04, 2026 -- ST Engineering iDirect has been selected as part of a KT SAT-led consortium to supply the satellite ground system for a South Korean government project to modernize and expand secure maritime communications.

iDirect to upgrade Ku-band and add a new Ka-band system

ST Engineering iDirect will upgrade the South Korean government's existing iDirect Ku-band environment and establish a next-generation Ka-band satcom system. The network is intended to support dependable connectivity for government maritime operations.

The consortium combines KT SAT's satellite and service expertise, ST Engineering iDirect's ground technology, Waldo's local integration capabilities and Intellian's antenna system.

New York – November 04, 2026 -- Nearly 3,000 developers worldwide entered Qloo's Global Agentic Hackathon, building functional AI applications on the company's Taste AI infrastructure, with finalists set to pitch live on Jason Calacanis's This Week in Startups podcast on November 5.

Qloo offers $25,000 in prizes plus a separate $25,000 investment pledge

The competition, hosted on Devpost, pays $15,000 for first place, $6,000 for second and $4,000 for third. Calacanis, an entrepreneur and angel investor, has separately pledged a personal $25,000 investment in his favorite project, giving one team a route to early-stage backing.

BOSTON – November 04, 2026 -- PTC (NASDAQ: PTC) has stopped providing quarterly and annual guidance and suspended its quarterly earnings conference calls after agreeing to be acquired by Schneider Electric, the company said as it reported results for the fourth fiscal quarter and full fiscal year ended September 30, 2026.

PTC ends investor guidance after October 5 acquisition agreement

PTC entered into a definitive agreement with Schneider Electric on October 5, 2026. The company cited the proposed transaction as the reason for withdrawing guidance and ending the earnings calls. Investors will no longer get management's forward outlook or live Q&A with each quarterly report.

SALT LAKE CITY – November 04, 2026 -- FatPipe, Inc. (NASDAQ: FATN) reported second-quarter fiscal 2027 net income of $1.2 million, a turnaround from a $0.04 million loss a year earlier, as revenue rose 22% to $4.83 million.

FatPipe lifts quarterly revenue to $4.83M from $3.96M

Revenue for the quarter ended September 30, 2026 compared with $3.96 million in the same period of fiscal 2026. The company attributed the growth to increased recurring billings, customer renewals and new customer wins. It also cited strong demand from customers seeking secure, high-performance alternatives to legacy networking and security vendors.

Adjusted EBITDA reaches $1.2M at a 24.1% margin

Adjusted EBITDA was $1.2 million, an approximate margin of 24.1%, versus $0.7 million in Q2 2026. Diluted earnings per share were $0.09, compared with $0.00 a year earlier.

LONDON – November 05, 2026 -- The market for software that approves, constrains and evidences enterprise AI use will grow from $3.6 billion in 2027 to $12.5 billion by 2030, a 51% CAGR, according to a Special Report from AI Markets Group (AIMG).

Enforcement, not policy, is now the constraint on enterprise AI

While 98% of organizations maintain AI data-access policies, 86% of IT leaders saw AI tools or agents access sensitive data beyond their intended scope last year. The report's headline figures point the same way: 96.5% of large US public companies have adopted AI governance policies, yet 46.3% of senior AI executives report bypasses.

"Governance is becoming a control plane, and vendors that own the enforcement points will capture most of the value," said AIMG Chair Peyman Mestchian.

STOCKHOLM – November 05, 2026 -- Sinch AB reported third-quarter 2026 net sales of SEK 7,085m, up from SEK 6,659m a year earlier, an organic increase of 5 percent, with the Americas as the main growth driver. Currency effects added a further 2 percent.

Gross profit and EBITDA grow 4 to 5 percent organically

Gross profit reached SEK 2,450m (2,318), up 4 percent organically, with a 2 percent currency tailwind. EBITDA came in at SEK 912m (851), an organic increase of 4 percent.

Adjusted EBITDA rose 5 percent organically to SEK 967m (915). The adjusted EBITDA margin held steady at 13.7 percent.

Acting CEO and CFO Jonas Dahlberg said costs were tightly managed and general and administrative efficiencies were redeployed into growth investments. He added that "adjustment items are down, cash conversion is up and the balance sheet is strengthening."

DALLAS – November 05, 2026 -- Limestone Networks (LSN) will use its second consecutive appearance at CloudFest Americas and NamesCon Global in Miami to promote a network of 24 data center locations worldwide and a new GPU-accelerated compute offering, with two executive-led panels on the Biscayne Stage on November 11 and 12.

The AI infrastructure provider, which builds on a bare metal core, will exhibit at Ice Palace Studios. It is also hosting a pickleball tournament at The Deck in Wynwood on Tuesday, November 10, the night before the show opens. Registration runs from 5:00 to 5:45 PM ET, and play starts at 6:00 PM ET.

LSN expands beyond bare metal into GPU compute and a 60-petaflop deployment

LSN has broadened its portfolio beyond bare metal, cloud and colocation into GPU-accelerated compute. It closed a major GPU deployment and rebranded around the identity "AI Infrastructure. Bare Metal Core."

New York – November 05, 2026 -- Kyndryl (NYSE: KD) has launched an integrated agentic modernization solution with Amazon Web Services (AWS), combining its Kyndryl Agentic Modernization services-as-software with AWS Transform. The companies aim to help customers modernize applications faster, cut transformation risk and build AI-ready technology foundations.

Kyndryl survey finds nearly 50% of organizations are behind on modernization

Kyndryl's first global modernization report found that nearly 50% of respondents are behind schedule on their modernization goals. Among early adopters running agentic AI in production for modernization, 67% said they are ahead of or on track, against 51% of other organizations.