July 20, 2024 California
Hyperscale networking firm Arrcus has raised $30 million in an investment round with investments from Nvidia and Hitachi Ventures amongst others. "We are thrilled to welcome Nvidia as our latest investor and look forward to building on our collaboration. Arrcus’ leading networking software...
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July 05, 2024 Seattle
Industrial AI company Phaidra has raised $12 million for its data center cooling control system from Index Ventures and will use the money for R&D, implementation, and go-to-market efforts.“The data center industry is in the midst of an arms race to build new capacity wherever land and power...
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June 27, 2024 New York
Metrobloks, a new data center startup focused on metro projects this week announced an oversubscribed $5.2 million seed round led by Current Equity Partners with the backing of Serena Capital. The company noted that it designs, deploys, and operates modular and scalable data centers in...
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June 26, 2024 California
The California Public Utilities Commission (CPUC) has voted to deny AT&T’s request to be released from its duties as Carrier of Last Resort (COLR) in the state, leaving the company legally obligated to provide its telephone services to anyone who asks."Despite AT&T’s contention that...
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June 21, 2024 Los Angeles
Johnson Controls this week announced it had reached a definitive agreement to sell its Air Distribution Technologies business to Truelink, a middle-market private equity firm based in Los Angeles. The brands included in this sale are Koch Filter, Titus, Ruskin, Krueger, PennBarry, and Tuttle...
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May 10, 2024 Atlanta
Atlanta City Councilmen Jason Dozier and Matt Westmoreland have introduced bills to block data center developments around certain areas of the Georgia city near transit stops and the Beltline. “Excited to introduce legislation alongside Matt Westmoreland to address the rapid growth of data...
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April 24, 2024 California
New cloud company Oxide is deploying its on-premise hardware at CoreSite’s data center in Silicon Valley. It also announced this week that it would ‘leverage colocation solutions’ at CoreSite's Silicon Valley SV2 data center. “The Oxide Cloud Computer empowers developers to build, run, and...
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April 02, 2024 California
Steelmaker Nucor Corporation this week announced that it has acquired Southwest Data Products, Inc. (SWDP), a manufacturer and a data center supplier and launched a new business unit that will help better serve its customers in the data center infrastructure industry. Nucor said SWDP and the...
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March 04, 2024 California
AI chip startup Groq has acquired Definitive Intelligence for an undisclosed sum to support its newly formed GroqCloud unit, which Definitive Intelligence co-founder and CEO Sunny Madra will lead. GroqCloud is a cloud platform that provides Groq hardware documentation, code samples, and on-demand...
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February 21, 2024 California
Satellite ground station startup Northwood Space, a company led by a former Disney actor, has raised more than $6 million in seed funding. This company is led by Bridgit Mendler, an actress and singer who was once a regular on the Disney Channel. She launched this startup with her husband last...
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February 15, 2024 California
California-based company Edge computing orchestration startup Zededa last week announced the closing of the Series C round, led by Smith Point Capital which was founded by former Salesforce Co-CEO Keith Block. The company raised $72 million in its latest funding round which will see the company...
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February 14, 2024 New Jersey
Via RI Marketplace, Real estate firm Marcus & Millichap is offering 1008 Virgil Avenue in Ridgefield, a former Sungard data center field as up for sale via auction and bidding for this property is set to begin March 25, with $750,000 listed as a starting bid. The listing reads, “The property...
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December 27, 2023 California
Intel has announced its plans to lay off 311 employees across two Californian campuses. This marks the second round of job cuts carried out by the company in California this year. Two separate "worker adjustment and retraining notifications" (WARNs) filed with the State of California’s Employment...
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December 19, 2023 Boston
Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall,...
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November 30, 2023 California
Broadcom recently disclosed 1,267 layoffs for VMware employees at the Palo Alto, California, headquarters only a day after the layoff plans were announced. This also comes one week after Broadcom completed its acquisition of VMware. A letter from Jill Turner, Broadcom's vice president of human...
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November 20, 2023 San Francisco Bay Area
OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company...
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November 19, 2023 San Francisco Bay Area
OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technology...
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October 26, 2023 New York
Quantum computing firm D-Wave is facing delisting from the New York Stock Exchange over its low stock price for the second time this year. The company announced this week that it received a notice from the NYSE that it is not in compliance with listing requirements as the average closing price of...
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October 18, 2023 California
A recent filing with the California Employment Development Department has revealed that Chip designer Qualcomm intends to cut its workforce significantly. The filing noted that Qualcomm is cutting 1,258 jobs in San Diego and Santa Clara, California, to reduce costs. The job cuts are to begin by...
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August 16, 2023 Northern Virginia
Leesburg's Loudoun County Council unanimously approved data center design criteria. Unlike Ashburn, Virginia's Leesburg has no data centers; however, this may change. Three rezoning petitions may allow data center development in town. One is in the Oaklawn neighborhood, one close to the former...
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