The content team at the MSP Summit site tracks stories of interest to the managed services provider community. Anyone selling managed services or partnering with MSPs will want to know about these developing stories or catch up on stories they have missed. All links are current as of Aug. 17.
TPx Cancels Bankruptcy Auction with no Qualified Bids
Managed service provider TPx canceled its sale auction after failing to find a qualified bidder, the company told the U.S. Bankruptcy Court for the Southern District of Texas last week. The auction would have taken place Aug. 12 as part of a court-approved Chapter 11 bankruptcy plan. TPx will work with its creditors through the amended restructuring support agreement established June 28. The company continues to trim a $1.1 billion debt load, having already touted $73.6 million in debtor in possession financing. Read the Channel Dive story.
AI Mishaps Surged 500% in 3 Years: StackGen
In April, a Claude-powered Cursor coding agent deleted a startup’s consumer database and its backups in just nine seconds while working on a routine task. Experts blamed lax security, model design and even a system glitch. The agent confessed to the company’s founder it had wiped the data. The incident is one among a rising number of AI-related mishaps. According to StackGen, AI incidents have increased sixfold over the last three years. The operations platform provider analyzed almost 180,000 public records and found that AI accounted for 1 in 10 security, privacy and operational incidents. Agents wiped data, deleted databases and destroyed live systems in at least nine documented cases since last year. Read the Channel Dive story.
Channel Brief: As AI agents move into production, channel partners have a new job
For channel partners, this is where agentic AI starts to get a lot more real. If customers are going to let AI agents make changes in production, they’re going to need help deciding what those agents can touch, what still needs human approval and how much oversight makes sense. A new Caylent survey found that 59.5% of enterprise leaders are already running AI agents autonomously in production, rather than keeping them in pilots or test environments. Read the ChannelE2E story.
Zayo, Nvidia team to address AI network capacity shortage
Nvidia is working with Zayo to scale the network infrastructure needed to support rising artificial intelligence (AI) traffic demands and make sure AI factories have the network capability needed for AI’s growth. Read the Computer Weekly story.
Changes in the channel: Leadership moves and shakeups Aug. 10 – 14
The channel is all about people - and we're tracking who they are, what they're doing, and where they're making an impact. Instead of sprinkling these people-focused announcements across other roundups, we're pulling them all together into one weekly story. Companies making changes last week include Align, Auvik and C3. Read the ChannelE2E story.
Horizon3 Backs Channel with Multimillion-Dollar Investment
Security company Horizon3 has talked a lot this year about the importance of the channel and has put its money where its mouth is with a significant investment in its ecosystem. Read the MicroScope story.
Why Big Tech’s AI Spending Is $3 Trillion Higher Than It Seems
Each quarter, big tech companies disclose their massive capital expenditures on artificial-intelligence infrastructure, from data centers to chips. But those figures don’t come close to expressing the full extent of future spending to which Google parent Alphabet, Meta Platforms, Oracle and many others have committed. That is because a huge swath of their coming financial obligations aren’t reflected on their balance sheets. Read the Wall Street Journal.