July 22, 2024 United States
GPU-based artificial intelligence (AI) cloud provider Nscale has acquired Kontena, a high-density modular data center and AI data center solutions provider to contribute to the infrastructure backbone for its GPU cloud. Following this acquisition, Nscale will be able to deploy Kontena's modular...
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July 20, 2024 United States
Cloud computing provider PeaSoup will be collaborating with Midas Immersion Cooling, colocation provider Centersquare, and coolant supplier Castrol for high-performance computing in cloud with reduced energy usage. Martin Bradburn, CEO of PeaSoup: "PeaSoup has always been at the forefront of...
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July 20, 2024 California
Hyperscale networking firm Arrcus has raised $30 million in an investment round with investments from Nvidia and Hitachi Ventures amongst others. "We are thrilled to welcome Nvidia as our latest investor and look forward to building on our collaboration. Arrcus’ leading networking software...
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July 19, 2024 United States
Cloverleaf Infrastructure, which is developing clean-powered, ready-to-build data center sites in the US has secured $300 million in funding for its clean energy data center campuses from private equity investors NGP and Sandbrook Capital, alongside contributions from its management team. David...
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July 19, 2024 Texas
AI firm Crusoe has revealed it has designed and engineered, and is building, a 200MW GPU-focused data center at the Lancium Clean Campus outside Abilene, Texas. This facility will include high-density data halls specially designed to enable AI workloads and optimized for direct-to-chip liquid...
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July 18, 2024 United States
Neutral-atom quantum computing, QuEra has announced Andy Ory as its interim CEO, noting that its current CEO, Alex Keesling, will transition from his current position to “take on a new role” leading QuEra's efforts to achieve higher-volume production as CTO. Ory said: "We are grateful for Alex's...
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July 18, 2024 United States
US Department of Commerce and Natcast, operator of the National Semiconductor Technology Center (NSTC), has awarded funding for three R&D facilities under the CHIPS and Science Act; an NSTC prototyping and National Advanced Packaging Manufacturing Program (NAPMP) advanced packaging piloting...
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July 15, 2024 Las Vegas
The Sphere in Las Vegas, popularly known for its globe shape and LED displays that cover 750,000 sq ft (69,677 sqm) inside and out is reportedly powered by 150 of Nvidia's RTX A6000 GPUs with each having a 48GB memory and maximum power consumption of 300W. “Sphere is captivating audiences not...
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July 15, 2024 Denver
Data center directory firm Upstack has acquired Performance Networks, a telecommunications consulting company based in Denver which specializes in sourcing and managing complex telecom networks primarily for large enterprises.“Performance Networks’ commitment to customer experience and client...
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July 12, 2024 United States
Artificial intelligence (AI) cloud provider Nebul has selected Lightbits Labs for the storage foundation for its AI cloud, enabling companies within the EU to deploy Nvidia-based private AI in the cloud."We considered the usual storage providers, but even the software-defined ones tend to have a...
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July 11, 2024 Texas
Cryptomining company Hut 8 has revealed that it will beexpanding its operations in Texas and has signed a power purchase agreement to procure 205MW of energy for a new data center to be built on an undisclosed greenfield site in West Texas.Asher Genoot, CEO of Hut 8, said: “This transaction...
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July 09, 2024 Miami
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,...
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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 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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