May 10, 2024 United States
EchoStar's financial fear increases as the company reports subscriber losses across the main areas of its business — wireless, broadband, and pay TV. The company ended Q1 with a net loss of $107.38 million, compared to net income of $253.53m the previous year. EchoStar said in its latest...
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May 09, 2024 United States
Uniti Group Inc. and Windstream Holdings II, LLC last week announced a merger agreement which combines Uniti's wholesale-owned fiber network with Windstream's Fiber-to-the-Home (FTTH) business. The companies note that this merger will create a "premier insurgent fiber provider in the US," to...
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May 07, 2024 United States
Kohler Co. and Platinum Equity announced this week that it has sold a majority stake in its energy unit to investment firm Platinum Equity and both companies have closed the transaction to establish Kohler Energy as a separate, independent business. "This strategic move allows Kohler to focus and...
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May 02, 2024 United States
GPU cloud provider CoreWeave announced that it has secured $1.1 billion in new Series C funding round this week led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management....
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May 01, 2024 United States
The US Defense Information Systems Agency (DISA) has unveiled its updated strategy for the next five years which will align the IT service provider of the Department of Defense (DoD) with the 2022 National Defense Strategy. “As a combat support agency and the premier IT service provider for the...
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May 01, 2024 United States
Atos-owned Eviden has announced a new server line called BullSequana AI product line. This product line includes five AI server models that the company says have been optimized for AI workloads, all offering different levels of performance, scalability, and flexibility, depending on customers’...
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April 30, 2024 United States
European satellite firm SES is set to acquire Virginia-based Intelsat via 100 percent of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of €2.8 billion ($3.1 billion) and certain contingent value rights. The companies said the partnership will create a “stronger multi-orbit...
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April 25, 2024 United States
SES this week announced that it has launched its O3b mPower satellite connectivity service and will be deploying it worldwide. SES will be introducing services in the coming months to O3b mPower customers to deliver reliable connectivity services ranging from tens of Mbps to multiple gigabits per...
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April 25, 2024 United States
Danish engineering group Danfoss has selected HPE GreenLake for SAP S/4HANA Cloud at all it’s data centers for its cloud journey. It is now a joint offering from HPE and SAP and aims to bring SAP workloads to private cloud environments. “We have selected RISE with SAP and HPE GreenLake not only...
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April 23, 2024 United States
The World Squash Federation (WSF) has signed a Memorandum of Understanding with Alibaba Cloud for cloud and AI technologies and is now set to use Alibaba's cloud computing to augment content, management and commercialization. WSF will also use the cloud provider's platform to develop a squash...
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April 22, 2024 United States
United Airlines has almost completed its cloud migration as CFO Mike Leskinen revealed the company has migrated 70-90 percent of its workloads to the cloud, with the rest still on-premise. The company has had a challenging first quarter and is now attempting to offset those costs with "great...
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April 19, 2024 United States
Mark Zuckerberg confirmed that energy constraints have become the largest blockers to building out AI data centers as he echoed industry commentary on the challenges of building larger and larger data centers. "Over the last few years, there's been this issue of GPU production," he said. "Even...
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April 17, 2024 United States
Managed services provider CGI confirmed earlier this month that it has begun the first part of its network fiber deployment in Alaska, installing approximately 45 miles of fiber over the frozen tundra between Eek and Napaskiak. This is part of a project between Bethel Native Corporation and GCI...
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April 17, 2024 United States
Akamai has launched a media-optimized cloud offering for video processing, based on Nvidia RTX 4000 Ada Generation GPUs which have been selected for their ability to process video content more efficiently and effectively. “Media companies need low-latency, reliable compute resources that maintain...
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April 15, 2024 United States
Financial services firm JPMorgan Chase revealed its plans get 75 percent of its data and 70 percent of its applications into the cloud within 2024 in a letter from CEO Jamie Dimon to JPMorgan's shareholders. The company which stands as the world’s gifts largest bank by revenue told it’s...
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April 12, 2024 United States
US private equity firm Blackstone has bought a majority stake in data center engineering firm Winthrop Technologies. Financial details of this deal have not been shared. However, reports have it that Blackstone took a 50,5 percent stake, previously valued at over €800 million. The remaining...
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April 12, 2024 United States
Semiconductor manufacturing company Rapidus has formed a US subsidiary, Rapidus Design Solutions (RDS), is opening an office in Santa Clara, California, and appointed Henri Richard as president and general manager of the US organization. The company works with IBM on the development of 2nm chip...
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April 10, 2024 United States
Cloud hosting firm Vultr has launched a new sovereign and private cloud offering as a response to the increased importance of digital sovereignty, and the need to reduce reliance on hyperscalers. This new offering which was made available from April 10 shortly follows the release of Vultr Cloud...
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April 08, 2024 United States
Meta has shared details about the next generation of its Meta Training and Inference Accelerator (MTIA), custom-made chips designed for specific Meta AI workloads. The company said the latest version of its chips shows significant performance improvements over the MTIA v1 and is already being...
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April 05, 2024 United States
Communications equipment company Casa Systems has agreed to sell multiple assets this week after the company said it has filed for voluntary Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware. “Like many in our sector, Casa has experienced a significant decline in...
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