Data Center News

EchoStar reports subscriber losses as bankruptcy fears increase

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 finan...

May 10, 2024

United States

Unity Group and Windstream Holdings announce merger agreement

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 c...

May 09, 2024

United States

Kohler sells majority stake in energy unit to investment firm

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 a...

May 07, 2024

United States

Coreweave secures $1.1 billion in new funding

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....

May 02, 2024

United States

US DISA unveils Five-year strategy

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...

May 01, 2024

United States

Eviden launches new server line

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’...

May 01, 2024

United States

SES to acquire rival satellite operator Intelsat for $3.1 billion

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 ...

April 30, 2024

United States

SES unveils new satellite service

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 ...

April 25, 2024

United States

Danfoss selects HPE GreenLake for cloud Services

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...

April 25, 2024

United States

WSF signs new MoU with Alibaba for cloud services

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 ...

April 23, 2024

United States

United Airlines to complete cloud migration soon

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 op...

April 22, 2024

United States

Zuckerberg says energy constraints are hindering AI data center buildout

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 ...

April 19, 2024

United States

CGI kickstarts network deployment in Alaska

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 GC...

April 17, 2024

United States

Akamai launches cloud offering for video processing

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 maint...

April 17, 2024

United States

JPMorgan Chase plans to host 75% of data in cloud this year

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 shareho...

April 15, 2024

United States

Blackstone purchases majority stake in Winthrop Technologies

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 ...

April 12, 2024

United States

Rapidus forms new US subsidiary

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 chi...

April 12, 2024

United States

Vultr unveils private cloud offering

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 Clou...

April 10, 2024

United States

Meta shares details of upgraded MTIA AI chips

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 ...

April 08, 2024

United States

Casa Systems to sell assets after filing for Chapter 11

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 r...

April 05, 2024

United States

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