Nokia CEO Justin Hotard says the tech industry could build AI data centers twice as fast if supply constraints weren't holding it back. He believes demand for AI infrastructure is still in early stages and doesn't depend solely on new frontier models. Shortages of memory chips and energy are the main bottlenecks slowing progress. Nokia, which sells networking gear used inside and between data centers, has seen its stock rise roughly 130% over the past year.
IREN Limited is pivoting its data center operations from Bitcoin mining toward AI compute workloads. The company has signed a five-year, $9,700 million Microsoft AI cloud services contract and delivered its first 50MW Horizon 1 deployment. IREN now projects $13.6 billion in revenue and $1.6 billion in earnings by 2029, though heavy capital spending and debt-funded expansion remain notable risks.
Together Link launched as a free command-line tool that runs open models like Kimi K3, GLM 5.3, and DeepSeek V4.1 Flash inside coding agents such as Claude Code, Codex, and OpenCode. The tool installs with one command on macOS or Linux and uses an auto router to send simple tasks to low-cost models while directing harder problems to frontier models. It is licensed under MIT.
OpenAI is preparing to release over 100 new solutions to unsolved math problems, but some mathematicians are pushing back. Critics say OpenAI's methods lack clarity and that the company isn't sharing its work transparently. The controversy highlights growing tension between AI labs and the research community over how results should be communicated.
On the workforce front, Neil Johnson, a professor at George Washington University, says workers who learn to use AI tools will have better job security. He advises people to view AI as a helpful assistant rather than a competitor. Meanwhile, greytHR reports that AI-assisted HR workflows have cut management costs by up to 90%, with its NAVOS AI assistant surpassing 1.4 million interactions across about 17,000 firms.
Canada has launched a National Council on Artificial Intelligence to advise on AI adoption, talent, research, governance, and sovereign AI infrastructure. The council is part of Canada's broader national AI strategy aimed at guiding responsible development. In separate economic warnings, investment firm Loomis Sayles says a stumble in the AI boom could weaken the US dollar, urging investors to consider non-dollar bonds as a hedge.
Key Takeaways
- Nokia CEO Justin Hotard says AI data centers could be built twice as fast if supply constraints like memory chip and energy shortages were resolved.
- IREN signed a five-year, $9,700 million Microsoft AI cloud services contract and projects $13.6 billion in revenue and $1.6 billion in earnings by 2029.
- Together Link offers a free CLI tool to run open models like DeepSeek V4.1 Flash inside Claude Code, Codex, and OpenCode.
- OpenAI plans to release over 100 new math solutions, drawing criticism from mathematicians who say the approach lacks transparency.
- greytHR reports AI-assisted HR workflows have cut management costs by up to 90% across roughly 17,000 firms.
- Canada launched a National Council on Artificial Intelligence to guide adoption, research, governance, and sovereign AI infrastructure.
- Loomis Sayles warns that a stumble in the AI boom could weaken the US dollar and recommends diversifying into non-dollar bonds.
- Nokia stock has risen around 130% over the past year as demand for AI infrastructure grows.
- IREN is shifting from Bitcoin mining to recurring AI cloud revenue, moving away from transaction-driven income.
- Professor Neil Johnson says workers who embrace AI tools gain job security and should see AI as a helpful assistant.
Nokia CEO says AI data centers could be built 2x faster without supply limits
Nokia CEO Justin Hotard said the tech industry could build data centers twice as fast if supply constraints did not hold it back. He believes the AI buildout is still in early stages and not overbuilding. Shortages of memory chips and energy are limiting progress. Nokia sells technology that connects chips inside data centers and links centers across locations. The company's stock has risen about 130% over the past year.
Nokia CEO says AI data centers could be built twice as fast if supply kept up
Nokia CEO Justin Hotard said the industry would build AI data centers twice as fast if supply constraints were not a problem. He stated demand for AI infrastructure is still early and does not rely only on new frontier models. Nokia provides optical and IP networking gear used inside data centers and between locations. Spending on AI data centers, chips, and infrastructure is projected to reach $10.3 trillion from 2025 to 2032. Nokia stock has risen around 130% over the past year.
IREN shifts Bitcoin mining data centers toward AI cloud workloads
IREN Limited reported fiscal 2026 results showing it is repurposing data center capacity from Bitcoin mining to AI compute workloads. The company signed a five-year $9,700 million Microsoft AI cloud services contract. IREN delivered its first 50MW Horizon 1 deployment as part of the shift. The company projects $13.6 billion in revenue and $1.6 billion in earnings by 2029. Heavy capital spending and debt-funded expansion remain key risks.
IREN pivots mining data centers to AI cloud contracts with Microsoft
IREN Limited reported fiscal year 2026 results highlighting its shift from Bitcoin mining to AI compute workloads. The company is using existing power and data center capacity to pursue recurring AI cloud revenue. It has signed multi-year AI Cloud agreements and renewed contracts with clients including Microsoft. This move moves IREN away from transaction-driven Bitcoin income toward more stable service-based revenue.
Together Link offers free CLI to run open models inside coding agents
Together Link is a free command-line tool that runs open models like Kimi K3, GLM 5.3, and DeepSeek V4.1 Flash inside Claude Code, Codex, and OpenCode. It installs with one command on macOS or Linux and requires only a Together API key. The tool uses an auto router to send simple tasks to low-cost models and harder tasks to frontier models. It provides per-session cost receipts and a 7-day usage report. Together Link is licensed under MIT.
AI stumble could weaken the US dollar, warns investment firm
Loomis Sayles says a hiccup in the AI boom would hurt the US dollar. David Rolley said non-dollar bonds could help diversify. He also pointed to rising oil prices, high US treasury yields, and ongoing global conflicts as risks. He believes the US is now seen as a risk asset, not a safe haven.
Solent Freeport offers AI training for manufacturing businesses
Solent Freeport is offering AI workshops called Couch to AI for advanced manufacturing businesses. Level 1 takes place on 3 November 2026 in Portsmouth. Level 2 takes place on 24 November 2026 in Portsmouth. The cost is ÂŁ100 per delegate. The workshops are designed by AiLab and led by Dr John Flackett.
OpenAI faces criticism over new math solutions
OpenAI plans to release over 100 new solutions to unsolved math problems. Some mathematicians are angry about the approach. They say OpenAI's methods are not clear enough. The company is also not sharing its work in a transparent way.
How workers can prepare for AI in the job market
Neil Johnson, a professor at George Washington University, explains how AI works and its impact on jobs. He says knowing how to use AI tools gives job security. He believes people who do not embrace AI may lose jobs. Johnson advises workers to see AI as a helpful tool rather than a competitor.
Canada launches National Council on Artificial Intelligence
Canada has launched a National Council on Artificial Intelligence. The council will advise on AI adoption, talent, research, governance, and sovereign AI infrastructure. It forms part of Canada's broader national AI strategy. The move aims to guide responsible AI development across the country.
greytHR says AI cuts HR costs by 90% and handles routine queries
greytHR reported that AI-assisted HR workflows have cut management costs by up to 90%. Its NAVOS AI assistant has crossed 1.4 million interactions across about 17,000 firms. The assistant handles payroll, attendance, performance reviews, and recruiting. HR teams now spend more time on employee engagement and planning.
Sources
- Nokia CEO says data centers would be built '2x faster' without supply constraints
- Nokia CEO says AI data centers could be built twice as fast if supply kept up
- Did IREN’s Pivot From Bitcoin Mining to AI Cloud Deals Just Shift IREN's (IREN) Investment Narrative?
- Did AI Cloud Deals Just Shift IREN's (IREN) Investment Narrative?
- Meet Together Link: A Free CLI That Runs Open Models Like Kimi K3 and GLM 5.3 Inside Claude Code, Codex, and OpenCode
- Global investment firm warns an AI setback would hit the US dollar
- Solent Freeport brings 'Couch to AI' training to advanced manufacturing businesses across the Solent
- OpenAI Is Pissing Off a Bunch of Mathematicians—Again
- How you can prepare for AI in the workforce
- Canada launches National Council on Artificial Intelligence
- How HRMS cuts management costs by 90% and AI helps routine queries by up to 80% - What survey reveals
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