World Wide Technology (WWT) has launched a new initiative called InfiniteAI, aiming to secure up to £225 million (US$303 million) worth of computing power for European AI startups over the next six years. The program seeks to address the significant gap in AI compute capacity between the EU and other regions, with the EU currently hosting only 2GW compared to 36GW in the US and 5GW in China.
The latest quarterly earnings reports from Microsoft, Alphabet, and Amazon highlight the rapid growth in cloud infrastructure driven by AI adoption. However, the reports also reveal substantial capital expenditure and margin pressures, indicating the high costs of scaling AI infrastructure.
At IFS Unleashed 2026 in Orlando, Florida, IFS Global CTO Vaibs Kumar discussed how modern enterprises can leverage decades of hidden organizational knowledge using AI. He emphasized the role of autonomous AI agents in bridging productivity gaps and the importance of cutting-edge technology in shaping the next generation of enterprise tools.
A major cyberattack has targeted commercial refrigeration systems across Europe, disrupting food retailers and supply chains. The attack caused freezers to switch to defrost mode, leading to spoiled stock and significant losses. Affected retailers include Delhaize, ICA, Coop, SuperValu, Selver, and several others across multiple jurisdictions.