July 24, 2024 United States
AI startup Code Metal which provides AI-powered development workflows at the Edge has secured a total of $16.5m in funding in its pre-seed round led by J2 Ventures and with support from Fulcrum Venture Group, Underdog Labs amongst others, and seed funding rounds led by Shield Capital.Peter...
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July 23, 2024 United States
Data center startup Ultrascale Digital Infrastructure (UDI) has revealed that it will be partnering with US food company Cargi for its plant-based immersion cooling fluid known as NatureCool 2000. Arnold Magcale, founder and CEO of UDI said: “At Ultrascale, we’ve proven that liquid immersion...
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July 22, 2024 United States
GPU-based artificial intelligence (AI) cloud provider Nscale has acquired Kontena, a high-density modular data center and AI data center solutions provider to contribute to the infrastructure backbone for its GPU cloud. Following this acquisition, Nscale will be able to deploy Kontena's modular...
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July 20, 2024 United States
Cloud computing provider PeaSoup will be collaborating with Midas Immersion Cooling, colocation provider Centersquare, and coolant supplier Castrol for high-performance computing in cloud with reduced energy usage. Martin Bradburn, CEO of PeaSoup: "PeaSoup has always been at the forefront of...
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July 19, 2024 United States
Cloverleaf Infrastructure, which is developing clean-powered, ready-to-build data center sites in the US has secured $300 million in funding for its clean energy data center campuses from private equity investors NGP and Sandbrook Capital, alongside contributions from its management team. David...
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July 18, 2024 United States
Neutral-atom quantum computing, QuEra has announced Andy Ory as its interim CEO, noting that its current CEO, Alex Keesling, will transition from his current position to “take on a new role” leading QuEra's efforts to achieve higher-volume production as CTO. Ory said: "We are grateful for Alex's...
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July 18, 2024 United States
US Department of Commerce and Natcast, operator of the National Semiconductor Technology Center (NSTC), has awarded funding for three R&D facilities under the CHIPS and Science Act; an NSTC prototyping and National Advanced Packaging Manufacturing Program (NAPMP) advanced packaging piloting...
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July 12, 2024 United States
Artificial intelligence (AI) cloud provider Nebul has selected Lightbits Labs for the storage foundation for its AI cloud, enabling companies within the EU to deploy Nvidia-based private AI in the cloud."We considered the usual storage providers, but even the software-defined ones tend to have a...
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July 09, 2024 United States
A research newsletter from Goldman Sachs has warned that large tech companies have ramped up capital expenditure to fuel generative AI development which will ramp up to around $1 trillion will be spent over the next few years, but have yet to show sustainable business models."So, the crucial...
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July 06, 2024 United States
Chipmaker GlobalFoundries (GF) has acquired a gallium nitride (GaN) IP portfolio from Tagore Technology, a fabless chip company that develops gallium nitride-on-silicon (GaN-on-Si) semiconductor technology for radio frequency and power management applications.“We are committed to being the...
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July 05, 2024 United States
The US Department of Commerce has signed a non-binding preliminary memorandum of terms with Rogue Valley Microdevices (RVM) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act.“The proposed investment in RVM is another example of how the Biden-Harris...
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July 03, 2024 United States
The US Department of Commerce's Economic Development Administration (EDA) has announced $504 million in funding to scale up 12 sites that were designated as Tech Hubs by the Biden Administration. This fund will be used to expand research into artificial intelligence, semiconductor manufacturing,...
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July 02, 2024 United States
Nvidia’s former VP of investor relations and strategic finance, Simona Jankowski, has been appointed CFO of photonic computing company Lightmatter after leaving Nvidia after almost seven years with the company. Before her time at Nividia, she was a managing director at Goldman Sachs for over a...
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June 29, 2024 United States
Real estate and investment firm CBRE has revealed plans to merge its project management business with its majority-owned subsidiary, Turner and Townsend (T&T). Following this merger, CBRE will own 70 percent of the combined T&T/CBRE project management business, with the T&T partners...
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June 28, 2024 United States
Nokia has entered a definitive agreement to acquire optical networking vendor Infinera for $2.3 billion with an understanding to make at least 70 percent of the payment in cash, and the overall deal including the repurchase of the $760 million in convertible notes owned by Infinera.“In 2021 we...
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June 26, 2024 United States
IT service provider Hivelocity has launched a private cloud offering which uses the VMware Cloud Foundation (VCF), Cloud Director, and NSX architectures, as well as Hivelocity's pre-built infrastructure."As businesses seek to optimize their cloud expenditures while maintaining the necessary...
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June 25, 2024 United States
American printing and digital products provider has announced that it will be commencing a cloud migration to Microsoft Azure cloud with help from Tata Consultancy Services (TCS). After this migration, Xerox will be able to deploy a cloud-based ERP platform and to use technologies such as...
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June 24, 2024 United States
A recent S&P Global Ratings research note has found that nuclear plant-owning utilities in the US are likely to sign energy deals with data centers this year. The report noted that nuclear operators poised to take advantage include Constellation Energy Group, PSEG Power, and Vistra.“While...
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June 21, 2024 United States
Duos Technology, a company that specializes in Machine Vision and AI to analyze fast-moving objects including trains, has launched a new edge data center unit called Duos Edge AI, Inc. The company noted it already deploys some solutions – including a railcar inspection system used by companies...
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June 21, 2024 United States
US manufacturing company Honeywell has announced plans to buy aerospace technology provider CAES for $1.9 billion after agreeing to an all-cash deal with Advent International, the private equity firm that currently owns CAES.“This acquisition further positions Honeywell at the forefront of the...
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