January 07, 2025 United States
Sir Nick Clegg has stepped down as Meta’s president of global affairs, announcing his departure on a post on Meta’s Facebook platform after almost seven years.In a post confirming his departure, Clegg said it was “the right time for me to move on.” "My time at the company coincided with a...
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January 04, 2025 United States
US data center developer and crypto firm Bit Digital has acquired the site for a build-to-suit 5MW data center expansion project in Montreal, Canada.The company initially used cash on hand to fund the acquisition and is working to obtain mortgage financing to cover the site's acquisition and...
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December 31, 2024 United States
TPG is in advanced talks to buy Crown Castle's fiber assets in a deal worth an estimated $8 billion. US tower operator Crown Castle has been looking to sell its fiber assets for some time, notably revealing in April that it had held talks with multiple parties over a sale.The company launched a...
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December 27, 2024 United States
Elon Musk's generative AI startup xAI has raised $6 billion in a Series C funding round from investors including A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, amongst...
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December 24, 2024 United States
The US Senate has voted in favor of a bill that looks set to provide an additional $3 billion to telecom companies in funding for the rip and replace program. This was included as part of the $895 billion National Defense Authorization Act (NDAA) that was passed by the US Senate on December 18....
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December 23, 2024 United States
Qualcomm is claiming victory in its court battle with chip design giant Arm after a jury in the US found that its processor designs are properly licensed, despite the case ended in a mistrial, leaving the door open for Arm to return with a fresh action.After a week-long federal court trial held...
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December 19, 2024 United States
CTIA president and CEO Meredith Attwell Baker has confirmed she will retire from the CTIA next year at the end of her contract. In the departure announcement last week, CTIA chair and CEO of Carolina West Wireless Slayton Stewart noted that Baker's biggest contribution during her tenure was the...
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December 18, 2024 United States
Bitcoin miner and clean energy infrastructure developer Digihost Technology and Nano Nuclear have signed a Memorandum of Understanding (MoU) to deploy a 60MW microreactor at Digihost’s New York power plant. They will collaborate on designing, constructing, testing, and commissioning a...
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December 18, 2024 United States
GMI Cloud and Vast Data are teaming up on an artificial intelligence (AI) infrastructure offering, combining Vast Data's AI data platform with GMI Cloud's AI cloud solution to develop scalable AI infrastructure. The GMI Cloud built on the Vast Data Platform will support Magnum IO GPUDirect...
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December 17, 2024 United States
Crusoe Energy has closed its Series D funding round with $600 million. The round valued Crusoe at $2.8 billion, less than the $3 billion the company originally aimed for. The investment was led by venture capital firm Founders Fund, and others including Fidelity, Long Journey Ventures, the United...
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December 17, 2024 United States
Verizon has deployed Ener.co’s retrofit cooling solution in 36 of its US data centers. Ener.co said the project has saved Verizon annual electricity savings of 7,700,000 kWh and has reduced annual greenhouse gas emissions by approximately 1,700 tonnes.“Data centers are proliferating across the US...
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December 16, 2024 United States
The US government’s National Science Foundation (NSF) is investigating the possibility of building a cable connecting the largest US Antarctic Program research facility, McMurdo Station, with either New Zealand or Australia.The main scope of the installation “is to provide advanced high-speed,...
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December 13, 2024 United States
Nexalus has teamed up with HPE in a partnership will see Nexalus deploy its liquid cooling technology - which it claims can recycle excess heat - into three of HPE’s server models, which it says offer enhanced thermal performance and reduced energy consumption.Kenneth O’Mahony, co-founder and CEO...
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December 13, 2024 United States
EchoStar and Communications Workers of America (CWA) have stepped up their opposition to T-Mobile's proposed $4.4 billion deal to acquire significant assets from regional carrier UScellular. In a filing to the Federal Communications Commission (FCC) this week, Dish Network owner EchoStar stated...
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December 11, 2024 United States
The Department of Commerce has reached a binding agreement with Micron to award the company $6.165 billion in direct funding under the CHIPS and Science Act. In a statement, the department confirmed the funding will be used to support the construction of three new memory chip fabs: two in Clay,...
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December 09, 2024 United States
HPE revealed it walked away from a $700 million AI hardware deal over concerns about the customer. CEO Anthonio Neri told analysts on the enterprise IT vendor’s most recent earnings call that the company chose to “de-book” the order for an unnamed client because it considered it too risky.“We...
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December 06, 2024 United States
Senator Joni Ernst has told the US Department for Government Efficiency (DOGE) to shut down the $42 billion Broadband Equity, Access, and Deployment (BEAD) program. DOGE was formed by Trump as part of his campaign plans to significantly slash federal spending and is not actually a federal...
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November 25, 2024 United States
Alaska Power & Telephone Company (AP&T) has completed the SeaLink South subsea cable a year ahead of schedule. AP&T said the project will expand and improve connectivity in Alaska’s Alexander Archipelago region.Alaska Senator Lisa Murkowski said: “After hearing from Alaskans,...
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November 25, 2024 United States
DirecTV has terminated its offer to acquire EchoStar's satellite television business stating its failure to gain approval from Dish bondholders as a reason for termination. The proposed $1 sale to DirecTV would have included the sale of Dish's DBS pay-TV business as well as Dish and Sling TV, and...
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November 18, 2024 United States
The US Department of Defense (DoD) has outlined its strategy for the deployment of private 5G networks at military installations. In a document released this month, the DoD revealed that its strategy would seek to bring private open RAN 5G networks to US military bases.The DoD said that it signed...
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