January 18, 2024 United States
Growth equity firm General Atlantic has recently revealed plans to acquire sustainable infrastructure investor Actis. This deal will create an investment platform with about $96 billion in combined assets under management. Company head Torbjorn Caesar, who will continue to run the business, said,...
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January 17, 2024 United States
Cloud provider DigitalOcean which is dedicated to small-to-medium businesses and startups, has added to its GPU-accelerated cloud computing platform with Nvidia chips. With this new upgrade, DigitalOcean's ability to offer cloud-based artificial intelligence, machine learning applications, and...
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January 17, 2024 United States
Seagate Technology recently announced that it will be shipping 30TB hard drives based on its heat-assisted magnetic recording (HAMR) technology. The company expects to conclude full production by the end of March as hyperscale customers already have evaluation units and are planning to adopt it...
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January 16, 2024 United States
Investment fund Stonepeak has invested $200 million into Guam telecoms firm TeleGuam Holdings (GTA). Huntsman Family Investments and its affiliates (HFI) will continue to be the majority owner of GTA and operate the company which will divert the investment into developing additional cable landing...
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January 10, 2024 United States
Alphabet quantum spinout Sandbox AQ has acquired quantum and computational chemistry startup Good Chemistry. Neither of the companies disclosed the terms of this acquisition. However, the Wall Street Journal reported that the deal is worth $75 million and comprises of cash and stock. SandboxAQ...
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January 06, 2024 United States
Analog machine learning chip developer Aspinity has announced Richard Hegberg as its new CEO to replace the company’s co-founder Tom Doyle, who has held the position of CEO for the previous seven years. Doyle will, however, remain as a board member and will become the company’s chief operating...
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January 06, 2024 United States
Microcontroller manufacturer Microchip Technology is set to receive $162 million in funding from the US CHIPS and Science Act to support an increase in the company’s production of microcontroller units (MCUs) and other technology in the country. Ganesh Moorthy, President and CEO of Microchip,...
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January 03, 2024 United States
MIPS, a company focused on the development of high-performance RISC-V compute IP recently announced that two former SiFive executives have joined its executive leadership team. Drew Barbier has joined as VP of products and Brad Burgess has been named chief architect. Sameer Wasson, CEO of MIPS...
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December 26, 2023 United States
Hyperscale networking firm Arrcus has joined the Ultra Ethernet Consortium (UEC), a group dedicated to delivering Ethernet-based interoperable and high-performance architecture to meet the growing network demands of AI and high-performance computing (HPC). With this move, Arrcus has committed to...
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December 06, 2023 United States
Liberty Networks and Gold Data have entered a partnership with the aim to develop a new subsea cable system connecting the US and Latin America. This system scheduled to be ready for operation by 2026, will be split into two segments: the Gold Data 1 system and Liberty Networks 1 system. Ray...
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December 05, 2023 United States
Startup Quantum computing startup Extropic which was founded last year by former members of Alphabet’s quantum computing research team has raised $14.1 million in seed funding to build physics-based AI computers. The company plans to build computers that allow generative AI to scale in an...
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December 04, 2023 United States
Ardent Data Centers recently revealed its plans to acquire three data centers as part of a €110 million investment plan. The company mentioned it has successfully agreed letters of intent with two sites in the US and is the preferred bidder on a third in the UK. Once all three sites are acquired,...
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December 04, 2023 United States
Data center and digital infrastructure power and cooling company Vertiv recently purchased liquid cooling business CoolTera. Vertiv is now in charge of the provider of coolant distribution infrastructure, including certain contracts, patents, trademarks, and intellectual property from an...
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November 13, 2023 United States
Nvidia has launched H200, its latest high-end GPU for training AI models. This new GPU, identical to the H100, has significant improvements as it features 41GB of HBM3e and a 4.8TBps memory bandwidth compared to the H100's 80GB of HBM3 and 3.5TBps of memory bandwidth. Ian Buck, vice president of...
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November 11, 2023 United States
Data center directory firm Upstack has acquired technology advisory firm Progressive Communications Management (PCM), which specializes in advising enterprise and midmarket organizations on cloud, network, and communications solutions. Following this acquisition, PCM co-founders Bob Matthews and...
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November 07, 2023 United States
SiTime Corporation announced this week that it agreed with Aura Semiconductor to purchase its clock products and license all its clock IPs. This agreement between both companies allows SiTime to hold exclusive, perpetual, and irrevocable rights to sell existing and new products based on Aura’s IP...
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November 03, 2023 United States
Utility Dominion Energy has recently received permission from the US Interior Department for a 2.6 gigawatt offshore wind farm near the Virginia coast, the largest-ever wind project to be authorized in the US. Secretary of the Interior Deb Haaland said, “The Interior Department is committed to...
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November 02, 2023 United States
Biden has imposed an executive order focused on artificial intelligence, mandating all large computing clusters to be registered with the federal government. Following this order, "companies, individuals, or other organizations or entities that acquire, develop, or possess a potential large-scale...
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October 27, 2023 United States
Global social media firm Meta has reduced its capital expenditure by almost $3 billion this quarter as it takes a break in data center construction. The company now expects its CapEx costs for the year to reach $27-29 billion instead of the original $27-30 billion. Meta CFO Susan Li said,...
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October 25, 2023 United States
Dish Network and T-Mobile informed a US court last week about an agreement to extend Dish’s deadline for the purchase of T-Mobile’s 800MHz spectrum. Both companies have now agreed on April 1, 2024 as the new deadline for Dish to buy a set of T-Mobile airwaves. The court filing notes, “Taken...
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