July 05, 2024 Seattle
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 power...
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July 05, 2024 France
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 its...
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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 04, 2024 Japan
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...
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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 France
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...
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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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July 02, 2024 United Kingdom
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,...
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July 01, 2024 Netherlands
Netherlands-based Edge AI chip startup Axelera AI has raised $68 million in its oversubscribed Series B funding round which included participation from the European Innovation Council Fund, the Innovation Industries Strategic Partners Fund, Samsung Catalyst Fund, and Verve Ventures.“There’s no...
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July 01, 2024 Japan
Japan's Rakuten Mobile has confirmed the launch of commercial services via the 700 MHz spectrum called the “platinum band” which was allocated by the country's Ministry of Internal Affairs and Communications.In a recent announcement, the company noted that it has rolled out commercial services in...
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June 29, 2024 New Zealand
New Zealand telco Spark will be teaming up with global surf park creator Aventuur to build a data center on Auckland's North Shore that will heat a nearby surfing lagoon. The data center will use a heat exchange system to send excess heat to a nearby surfing lagoon and will be partially powered...
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June 29, 2024 Spain
AQ Compute has broken ground on its 60MW data center campus in Spain and has begun construction work on the new site located in the Parc de l’Alba (Cerdanyola del Vallès) in Barcelona. The data center, dubbed AQ-BCN1, will eventually have an IT capacity of 60MW with cooling capabilities for...
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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 28, 2024 Thailand / Prathet Thai
Google Cloud has partnered with Gulf Edge Company Limited to develop a sovereign cloud offering in Thailand which will enable customers to meet data residency, security and privacy requirements in Thailand, and will also provide access to artificial intelligence (AI) and analytics capabilities...
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June 28, 2024 Illinois
Google Cloud is providing a private cloud region for financial services company CME Group in Aurora, Illinois which will host a specialized platform to support global trading of CME's futures and options markets and will provide traders with access to a cloud-based low-latency network and...
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June 27, 2024 France
Telecoms OEM Nokia announced today that it has entered an agreement to sell Alcatel Submarine Networks (ASN) to the French State, represented by the Agence des Participations de l'Etat (APE) in a deal which is expected to close at the end of 2024 or the beginning of 2025.Alain Biston, president...
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June 27, 2024 Denmark
Energy Cluster Denmark, Aalborg University, Heatflow, and R&R Consult have teamed up on a data center heat reuse project in Denmark which seeks to reduce power consumption, cool data center servers CO2-neutrally, and send surplus heat to the district heating network and local buildings.Paw...
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June 27, 2024 New York
Metrobloks, a new data center startup focused on metro projects this week announced an oversubscribed $5.2 million seed round led by Current Equity Partners with the backing of Serena Capital. The company noted that it designs, deploys, and operates modular and scalable data centers in...
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June 27, 2024 United Kingdom
Microsoft has acquired 48 acres of land at Harworth's Skelton Grange site in Leeds for £106.6 million for a data center development. The deal comprises two adjacent plots, the first plot 27 acres and sold for £52.9 million and the second totals 21 acres and will be sold for £53.2 million.“Since...
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