Data Center News

Storj acquires AI compute provider Valdi

Cloud storage company Storj has acquired Valdi, an artificial intelligence (AI) compute provider, adding AI capabilities to its cloud storage offering with Valdi's GPUs through the process.Storj's chief revenue officer Colby Winegar said: “Today’s enterprises demand new high-performance soluti...

July 09, 2024

Asia-Pacific (APAC)

InfiniG deploys in-building mobile coverage in Florida

Mobile coverage solution firm InfiniG has deployed its in-building mobile infrastructure as a Service (MCaaS) solution at the Gale South Beach Hotel in Miami. This deployment offers multi-carrier mobile coverage services to all guests in all locations in the Gale Hospitality Group-owned hotel,...

July 09, 2024

Miami

Goldman Sachs reports $1trn spends on utility upgrades with little to show for it

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 q...

July 09, 2024

United States

ESR to sell land acquired for data center in Sydney, Australia

Industrial real estate firm ESR is looking to sell 1.5 hectares at 44-50 Waterloo Rd, which it acquired in 2021 from an AMP Capital fund for AU$71m, and had been earmarked for a data center development. The parcel is currently home to two office and industrial buildings partly occupied by Mac...

July 08, 2024

Australia

Siyata Mobile to invest in Canadian Towers & Fiber Optics

Siyata Mobile has announced that it will be investing in Canadian Towers & Fiber Optics Inc. (CT&FO), a company that specializes in developing telecoms infrastructure in Mexico. It will be purchasing an aggregate of 130,000 common shares, at a purchase price of $8.00 per share, for an ...

July 08, 2024

México

CTA calls for stricter measures against copper theft

The Canadian Telecommunications Association (CTA) has called for tougher measures to deter the theft of copper cables as related crimes have increased by an estimated 200% each year from 2021 to 2023.“It’s something we’ve seen over the past couple of years, quite a substantial increase in inst...

July 08, 2024

Canada

GlobalFoundries acquires Tagore Technology’s GaN IP portfolio

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 fou...

July 06, 2024

United States

Busamed migrates to private cloud environment with DataCentrix

Private South African hospital group Busamed has migrated to a private cloud environment with Datacentrix, consolidating seven on-premise data centers into a single central environment.“Due to our acquisitions, the organization had not only attained new businesses but had inherited the technol...

July 06, 2024

South Africa

Dutch telcos secure additional 5G spectrum at an auction

Dutch telcos, KPN, Odido, and VodafoneZiggo all secured 100 MHz of spectrum in the 3.5GHz band during the country's latest auction this week which raised €174.4 million.“Companies and consumers have been waiting for this moment for a long time. Meanwhile, the demand for data is growing rapidly...

July 06, 2024

Netherlands

ADNOC partners with e& for private 5G wireless networks

The Abu Dhabi National Oil Company (ADNOC) has paired with telco e& to build a private 5G wireless network that spans 11,000 square kilometers which will be the largest private 5G wireless network ever built in the energy industry.“This landmark project with e& is a milestone step in A...

July 06, 2024

Abu Dhabi

Pacific Avenue Capital Partners acquires KiddeFenwal

Private equity firm Pacific Avenue Capital Partners, a middle market-focused private equity firm specializing in carve-outs and complex situations, has acquired fire suppression company KiddeFenwal.“With its enviable product portfolio, established brand equity, and strong customer relationship...

July 05, 2024

Europe

CCEP selects Systal Technology Solutions for network transformation

Coca-Cola Europacific Partners (CCEP) has partnered with Systal Technology Solutions for its network transformation across Europe, supporting more than 6,500 devices in 300 locations across 11 countries for CCEP.“We are thrilled to officially go live with our direct service as CCEP’s trusted t...

July 05, 2024

Europe

Phaidra raises funds for data center cooling control system

Industrial AI company Phaidra has raised $12 million for its data center cooling control system from Index Ventures and will use the money for R&D, implementation, and go-to-market efforts.“The data center industry is in the midst of an arms race to build new capacity wherever land and po...

July 05, 2024

Seattle

TotalEnergies unveils Pangea 4 hybrid supercomputer

Energy company TotalEnergies has unveiled the latest generation of its Pangea supercomputer, housed at the Jean Féger Scientific and Technical Center at Pau in southwest France. The Pangea 4 system is smaller and more energy efficient than the Pangea II, using 87 percent less electricity than ...

July 05, 2024

France

Department of Commerce signs non-binding preliminary memorandum with Rogue Valley Microdevices

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 Admini...

July 05, 2024

United States

Hitachi Construction Machinery migrates large scale systems to Oracle

Japan's Hitachi Construction Machinery Co. Ltd. is migrating its large-scale systems for accounting, development, production, design, sales, parts, export, human resources, and services to Oracle Cloud Infrastructure from on-premise.“OCI is the only public cloud that can securely migrate missi...

July 04, 2024

Japan

Department of Commerce announces funding to scale up 12 US Tech Hubs

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 manufacturin...

July 03, 2024

United States

Iliad founder submits $4.1bn Millicom bid

French billionaire Xavier Niel has submitted a bid for Latin American telecoms group Millicom that values the carrier at $4.1 billion through his investment vehicle, Atlas Investissement.In a statement, Atlas said that its offer will ensure the company can expand its reach. "The purpose of the...

July 02, 2024

France

Nvidia ex- exec Simona Jankowski appointed CFO of Lightmatter

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...

July 02, 2024

United States

Queen Mary University of London to reuse heat from data center

Queen Mary University of London in the UK is planning to reuse waste heat from its data center as part of a refurbishment project for the Joseph Priestley Building on the campus. Queen Mary president and principal Colin Bailey said: “By harnessing waste heat and minimizing our carbon footprint...

July 02, 2024

United Kingdom

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