tech:

taffy

Asia-Pacific Fixed Broadband Revenue To Reach $92.2 Billion In 2017

[Techtaffy Newsdesk]

The worldwide fixed broadband market continues to grow, despite a surge in mobile broadband adoption, says ABI Research. The number of fixed broadband subscribers reached 586.7 million in 1Q 2012, generating service revenue of $47.7 billion.

Fixed broadband infrastructure is expanding in different countries around the world due to broadband’s socioeconomic benefits. In the countries with high broadband penetration, networks are being upgraded to provide better quality of service.

PCs and laptops are not the only devices connected to the Internet in today’s digital homes. More and more Internet-connected devices, such as TVs and tablets, are being used. As the connected devices grow, online applications and services – including online TV programs, video gaming, and video chatting – are becoming increasingly common, creating a high demand for high-speed broadband access. The fiber broadband market is witnessing the fastest adoption as broadband operators continue to boost fiber broadband deployment to satisfy the speed demand.

In 1Q 2012, Asia-Pacific was alone in adding nearly seven million subscribers, most notably by net subscriber additions in China. China is aggressively upgrading its broadband infrastructure with optical fiber. The Chinese government allocated 80% of its $303 billion infrastructure investment for broadband development. China Telecom plans to hit 100 million fiber broadband subscribers by the end of 2015. The company is accelerating cloud computing and other Internet applications to speed up broadband adoption.

India is the next country trying to boost broadband adoption in the Asia-Pacific with a central government aim to achieve 175 million broadband subscribers by 2017. Although the target seems aggressive, the ongoing cable digitalization process, coupled with initiatives such as e-government services in banking, education, and healthcare, will definitely drive broadband uptake in India. “Being driven by broadband deployments in China and India, the Asia-Pacific broadband market is expected to grow faster than other regions, generating service revenue of $92.2 billion in 2017,” says Khin Sandi Lynn, research analyst, broadband.

[Image Courtesy: Best Buy]

Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.