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 08, 2024 México
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...
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July 08, 2024 Canada
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...
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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 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 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 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 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 26, 2024 Chile
América Móvil has announced plans to increase its stake in Chilean telco ClaroVTR from from the 50 percent which was acquired as part of a 50:50 joint venture (JV) with Liberty Latin America (LLA) to 91 percent.“We are excited about the prospects of ClaroVTR. Our strong partnership with Liberty...
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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 26, 2024 California
The California Public Utilities Commission (CPUC) has voted to deny AT&T’s request to be released from its duties as Carrier of Last Resort (COLR) in the state, leaving the company legally obligated to provide its telephone services to anyone who asks."Despite AT&T’s contention that...
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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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June 21, 2024 Los Angeles
Johnson Controls this week announced it had reached a definitive agreement to sell its Air Distribution Technologies business to Truelink, a middle-market private equity firm based in Los Angeles. The brands included in this sale are Koch Filter, Titus, Ruskin, Krueger, PennBarry, and Tuttle...
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