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ROME--(BUSINESS WIRE)--Exein, a global leader in physical AI and runtime security, today announced a strategic partnership with Deutsche Telekom IoT to bring integrated security to connected devices across Deutsche Telekom IoT's ecosystem. With its own transatlantic network and around 600 roaming and satellite partners, Deutsche Telekom IoT provides worldwide connectivity for customers across industries and markets.…

Deutsche Telekom ETR: DTE said it expects artificial intelligence and automation to generate €1.1 billion in gross savings by 2027, exceeding its prior €800 million target, as the telecom group expands AI applications across network operations, customer service, software development and enterprise offerings.

The German telecommunications group said it expects AI to generate gross savings outside the U.S. of around 1.1 billion euros by 2027.

Deutsche Telekom said on Monday it expected to save around €2.5 ​billion ($2.8 billion) in indirect costs ‌by 2030 compared to 2023, as the German telecommunications group expands its ​use of AI and ​automation.

Elliott Investment Management has built ​a sizeable stake ‌in Deutsche Telekom and indicated that ​the company ​should ditch a potential ⁠merger with T-Mobile ​US , its American ​arm, Bloomberg News reported on Tuesday, citing ​people familiar with ​the matter.