Technology shares rose as fresh data indicate inflation is moderating.

Nokia agreed to acquire Infinera in a deal valued at $2.3 billion, including debt, in a sign that competition is about to get fiercer in the optical-networking market.

Singaporean startup Silicon Box is planning a new chip-making facility in Italy for up to EUR3.2 billion, the latest big-ticket investment in Europe as Brussels seeks to become more self-sufficient in chip production.

Toys "R" Us has released a video ad, one of the first from a major brand, that was created almost entirely by generative artificial intelligence.

The minute-long video depicts Toys "R" Us's late founder, Charles Lazarus, as a child who dreams of a toy store and Geoffrey the Giraffe, the store's brand mascot. Toys "R" Us said it was made using Sora, an OpenAI tool that converts text to video and that hasn't yet been released to the public.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

06-28-24 1747ET