Top tech news today: May 23, 2025
The Bank of Sydney partners with Infosys Finacle to enhance its digital banking platform, aiming for improved customer experience and operational efficiency. Source
Airwallex secures $300 million in Series F funding, raising its valuation to $6.2 billion, as it expands its global payment solutions. Source
Visa launches the Commercial Integrated Partners program to enhance collaboration with fintechs, offering pre-integrated digital payment solutions for businesses. Source
PNC Bank announces the acquisition of Aqueduct Capital Group to enhance its capital advisory capabilities for private equity and credit markets. Source
Catena Labs, co-founded by Sean Neville, announces an $18 million seed round to build the first AI-native financial institution, targeting the AI economy. Source
The Cetus decentralized exchange on Sui blockchain reports a $200 million exploit, prompting urgent security measures from the team. Source
Sui validators successfully freeze the majority of funds stolen in the recent Cetus hack, totaling $220 million, to mitigate further losses. Source
BT Group increases its dividend by 25% as free cash flow rises, despite reporting a decline in revenue. Source
Telefónica offloads its Uruguay mobile unit to Millicom for $440 million, enhancing Millicom’s regional presence and service offerings. Source
Nokia teams up with Three Sweden to provide Fixed Wireless Access technology, aiming to improve broadband services in underserved areas. Source
OpenAI announces the acquisition of Jony Ive’s design startup for $6.5 billion, enhancing its focus on creating innovative AI devices. Source
LINX appoints Patrick Mbogo as Business Development Executive to drive expansion efforts in Africa, enhancing connectivity initiatives. Source
Intel introduces three new Granite Rapids Xeon 6 P-Core processors, aimed at improving performance for data centers and enterprise applications. Source
Former President Trump declares his intent to free up spectrum for connectivity initiatives, aiming to bolster broadband access across the U.S. Source
AT&T announces plans to acquire Lumen’s consumer fiber business in a $5.75 billion deal, enhancing its broadband service capabilities. Source
MasOrange successfully raises $11 billion to support its FiberCo launch and refinance existing debt, strengthening its market position. Source
Huawei showcases its 5G technology to control autonomous electric mining trucks in China, enhancing operational efficiency in the mining sector. Source