July 31, 2024 Netherlands
Dutch transmission system operator TenneT is looking to invest up to €4.6bn in thousands of kilometers of new transmission infrastructure across the Netherlands and Germany as it looks to update the grid. TenneT CEO Manon van Beek said: “To achieve the 2030, 2045, and 2050 climate milestones and...
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July 28, 2024 United Kingdom
AI chip startup Fractile has exited stealth with $15 million in seed funding round co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises and included participation from a number of angel investors, including Stan Boland, co-founder of Icera, and Amar Shah, co-founder of...
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July 27, 2024 United Kingdom
Modular data center firm Secure I.T. Environments (SITE) has completed a mechanical and electrical upgrade at the data center of St Mary’s Hospital in the Isle of Wight, the UK to accommodate 14 racks with a capacity of 80kW. This upgrade will allow the Isle of Wight NHS Trust to reach its target...
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July 25, 2024 United Kingdom
Artificial general intelligence (AGI) startup SingularityNet, which is developing decentralized and blockchain-based AI infrastructure announced that it will be investing $53 million in data center supercomputing modules. Half of this investment will be used for the creation of world’s first...
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July 25, 2024 Austria
The University of Innsbruck, Austria has integrated a quantum computer into a high-performance computing (HPC) environment for the first time in Austria. The Innsbruck team has connected the university’s LEO5 cluster with AQT's IBEX Q1 quantum computer. “With the advent of quantum computers and...
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July 23, 2024 Luxembourg
Gcore, an Edge artificial intelligence (AI) and cloud provider, has secured $60m in a Series A funding round led by game developer and publisher Wargaming, with participation from Constructor Capital and Han River Partners. “We are on the cusp of an AI revolution that will transform how companies...
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July 22, 2024 United Kingdom
UK regulator Ofcom has fined BT Group a fee of £17.5 million ($22.6m) after a technical fault that impacted its ability to handle emergency calls between 06:24 and 16:56 on June 25th, 2023. Suzanne Cater, Ofcom’s director of enforcement said: "Being able to contact the emergency services can mean...
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July 20, 2024 Russia / Россия
Nasdaq-listed tech giant, Yandex which was formerly referred to as “Russia’s Google,” have been renamed as Nebius Group and pivoted to focus on AI following the company's agreement to sell its Russian operations to local management and investment firms. The company said: “In addition to expanding...
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July 19, 2024 Norway
Power grid optimization specialist Heimdall Power has raised $25 million in a Series B funding round to scale up production of its “Magic Ball” sensors which it claims can help grid operators access up to 40 percent of additional transmission capacity in existing power lines. These neuron sensors...
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July 18, 2024 Europe
Vertiv recently announced that it will add the ZincFive BC Series UPS Battery Cabinets to its portfolio of uninterruptible power supply (UPS) offerings, as they are compatible with select large and medium Vertiv UPS, including the recently launched Trinergy offering. ZincFive's CEO and...
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July 18, 2024 United Kingdom
Quantum component manufacturer Infleqtion will be making history as the first company to install a neutral atom quantum computer at the National Quantum Computing Centre (NQCC) in Harwell, UK. “Our recent installation is part of Infleqtion’s dedication to leading facility logistics in partnership...
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July 12, 2024 Poland
The EuroHPC JU has signed a procurement contract for EuroQCS-Poland, a 20 qubit trapped ion quantum computer, which will be hosted at the Poznan Supercomputing and Networking Center (PSNC) in Poznan , Poland, and supplied by Alpine Quantum Technologies (AQT).Coordinator of the EuroQCS-Poland...
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July 11, 2024 Sweden
Swedish Fiber and connectivity firm Hexatronic this week announced it has signed a letter of intent to acquire parts of Endor, a data center services unit owned by Icelandic company Sýn, in an acquisition which will bring Hexatronic a customer base across Iceland, Sweden, and Germany."The...
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July 10, 2024 Germany / Deutschland
A quantum computing demonstration system, the first full-stack, ion-trap-based quantum computer demonstrator made entirely in Germany by NXP Semiconductors and quantum computing startups eleQtron and ParityQC has finally been commissioned. Jan Leisse, co-founder & CEO at eleQtron, said: “We...
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July 10, 2024 Germany / Deutschland
German quantum computing startup Planqc which makes neural atom-based quantum computers, has secured €50 million ($54m) in equity financing in a Series A investment, led by the European Family Office Catron Holding and the DeepTech & Climate Fonds (DTCF).Alexander Glätzle, CEO and co-founder...
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July 09, 2024 France
Swedish satellite communications firm Ovzon has launched services from its debut geostationary (GEO) broadband satellite. “Ovzon’s proprietary satellite Ovzon 3 has reached its orbital position in the geostationary arc,” the company said recently. “After a few weeks of final in-orbit testing, the...
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July 09, 2024 Portugal
Portuguese data center company Start Campus has appointed Robert Dunn as chief executive officer, effective immediately, after the previous one was arrested in a corruption scandal that saw the country’s prime minister ousted.Dunn said: “I am excited to continue leading Start Campus as CEO at...
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July 06, 2024 Netherlands
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...
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July 05, 2024 Europe
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 relationships,...
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July 05, 2024 Europe
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...
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