April 15, 2024 London
Satellite firm Viasat last week officially launched its new office, at 50 Finsbury Square in London, as the combined offices of both Viasat and Inmarsat, the rival vendor it acquired last year. The new 121,000 square feet site includes new satellite, network, and cyber operations centers for the...
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March 29, 2024 London
University College London (UCL) spinout Oriole Networks has raised £10 million ($12.6m) in a seed funding round co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton Ventures, with support from Innovate UK Investor Partnership. “As the demand for compute continues to...
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March 19, 2024 Stockholm
Swedish colocation data center provider Conapto has installed Vertiv Liebert EXL S1, an Uninterruptible Power Supply (UPS) system that provides an integrated solution for critical power protection and grid support capabilities. “With the introduction of dynamic grid support, we are empowering...
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March 19, 2024 Oslo
Norwegian telco Telenor, energy company Hafslund and investment fund HitecVision are building a data center in Oslo, Norway, via a newly formed joint venture, Skygard. These companies are to make a NOK 2.4 billion ($200m) joint investment in this data center which is already undergoing...
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February 29, 2024 London
Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said strong...
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February 21, 2024 Verizon Enterprise
Verizon has started construction of a new cell tower at Fort Bliss Army Post in El Paso, Texas. This tower will be constructed by Boldyn Networks and will provide connectivity to service military personnel in Texas and New Mexico. “Verizon supports our military partners through a number of...
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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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February 07, 2024 Luxembourg
European cloud and CDN firm Gcore has launched a new serverless Edge solution called FastEdge. FastEdge is built upon Gcore's content delivery network (CDN), which distributes the custom code across more than 160 Edge nodes worldwide. Gcore notes that this serverless Edge solution was designed...
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January 10, 2024 London
Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of...
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January 09, 2024 Stockholm
New Swedish operator T.Loop has acquired a 800 square meter data center located in the center of Stockholm, Sweden. Details about ths facility including the seller and the terms of the transaction have not been shared. However, the company noted that this facility will be modernized throughout...
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December 21, 2023 Houston
Space infrastructure business Axiom Space has planned to develop an 'orbital data center.' The company is currently developing the world’s first commercial space station, which will initially be a part of the International Space Station, but is planned to separate and remain in orbit, once the...
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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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December 04, 2023 Stockholm
New data center firm Evroc announced last week that it has signed an agreement with Arlandastad Group to select Stockholm as the location for its first facility and build it in 2024. The company also mentioned that it plans to invest €600 million in the project, which is one of ten it intends to...
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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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November 18, 2023 London
Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its current...
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November 02, 2023 Sacramento
X, the social media company formerly known as Twitter, claims to have saved $100 million annually after exiting its Sacramento data center via a post on the platform. X further claimed to have saved a significant amount by repatriating some of its workloads to on-prem data centers. The company...
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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 23, 2023 London
Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...
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September 30, 2023 San Diego
Kneron, a startup developing chips for AI inferencing, has raised $49 million from investors to scale up its hardware-developing efforts. Investors, including Foxconn HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, made this additional investment, bringing the total Series B financing to...
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