Telecom giant, Türk Telekom, commits to a $17 billion investment upon securing a concession extension

In the realm of technology, several significant developments have taken place recently. Let's delve into these announcements that are reshaping industries and fostering innovation.

Aalo Atomics Secures Funding

Aalo Atomics, a U.S.-based startup specialising in small modular nuclear reactors, has secured $100 million in its Series B round. The investment, led by Valor Equity Partners, will be used to accelerate business development efforts and add momentum to the construction of the first nuclear power plant, Aalo-X. Eksim Ventures, one of Turkey's leading corporate venture capital funds, has also joined the investment, marking the corporate VC's entry into the energy sector.

Turkish Telekom's Digital Expansion

Turkish telecommunications giant, Turk Telekom, has made strides in its digital expansion. The company has committed to investing $17 billion in Turkey's digital backbone. As a result, the fiber network has surpassed 506,000 kilometers, and the average internet speeds are expected to increase sevenfold over the course of the agreement. The company has also reached a deal to extend its concession agreement until 2050, with a new deal becoming effective from February 2026.

Under its Pilot program, Turk Telekom aims to foster innovative technologies, particularly in AI, and help startups scale globally. The program supports Turkish tech startups like Artiwise and Co-one, which develop AI-driven solutions. The 10 startups selected for the new Pilot term are: Exin Health AI, Homster, Klart AI, Ono, Priam AI, Ratio Energy, Refabric, Retinow, Werover, and Zuzzuu. These startups offer AI-driven solutions in various sectors such as healthcare, interior design, mobility, HR, cybersecurity, energy management, fashion, health tech, wind turbine monitoring, and customer experience.

Google's Advancements in AI

Google DeepMind has introduced an image generation and editing model, now available to users through the Gemini app. This technology is predicted to accelerate the "democratization" of creative AI tools, making advanced editing capabilities accessible to everyone. Google has also implemented robust safeguards to address concerns around deepfake technologies, including visible watermarks, invisible digital signatures, and clear labels on AI-generated images.

In a time where technology is evolving at an unprecedented pace, these developments underscore the commitment of these companies to push the boundaries of innovation. Whether it's in the realm of energy, telecommunications, or AI, these advancements promise to transform industries and create new opportunities for growth.

Telecom giant, Türk Telekom, commits to a $17 billion investment upon securing a concession extension