Maria Deutscher
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Lenovo acquires data center storage provider Infinidat
Lenovo Group Ltd. today announced that it’s acquiring Infinidat Ltd., a venture-backed provider of data center storage systems. The deal’s financial terms were not disclosed. Infinidat previously raised more than $350 million in funding from TPG, Goldman Sachs and other investors. The company achieved profitability in 2022. Infinidat offers two storage array families known as ...
Blue Origin flies its New Glenn rocket to orbit with satellite deployment system aboard
Blue Origin Enterprises LP, Jeff Bezos’ aerospace company, today conducted the first successful flight of its New Glenn rocket. The heavy-lift vehicle includes a reusable booster designed for up to 25 launches. Blue Origin will use future New Glenn rockets to deploy satellites for Amazon.com Inc. and other private sector customers, as well as help ...
US places new set of export restrictions on advanced chips
The U.S. Commerce Department is rolling out a new set of export restrictions designed to prevent China from obtaining advanced chips. The rules were announced today by the department’s Bureau of Industry and Security. The export restrictions focus on chip foundries, or companies that make semiconductors for other organizations. Bloomberg reported that Taiwan Semiconductor Manufacturing ...
Report: TikTok plans to shut down its app in the US ahead of ban – but Trump may suspend it
Updated: TikTok plans to make its popular social media app inaccessible in the U.S. on Jan. 19, The Information reported this morning. The looming shutdown is connected with a ban on the service that will go into effect the same day. TikTok reportedly won’t proceed with the plan if the U.S. Supreme Court scraps the ...
Microsoft and Google roll out new pricing for their AI productivity tools
Microsoft Corp. and Google LLC today revamped the pricing of the generative artificial intelligence features built into their respective productivity suites. The changes are part of an effort on the companies’ part to boost the adoption of their AI tools among business users. Microsoft ships an AI assistant called Copilot as part of its Microsoft ...
AI chip startup Blaize goes public via $1.2B SPAC merger
Blaize Holdings Inc., a startup developing artificial intelligence chips optimized for power-efficiency, today announced that it will go public on the Nasdaq stock exchange. The listing will take the form of a SPAC merger. In such deals, investors create a so-called special-purpose acquisition company, or SPAC, and then take it public. This company then merges ...
Biden signs executive order that will make federal lands available for AI infrastructure
President Joe Biden today signed an executive order that will make federal lands available for artificial intelligence data centers. The order also seeks to support green energy projects that can meet those facility power requirements. According to The Verge, the Lawrence Berkeley National Laboratory recently determined that data centers’ electricity usage has tripled over the ...
UK launches antitrust investigation into Google’s search business
The U.K.’s antitrust regulator has launched a probe into Google LLC’s practices in the search market. The Competition and Markets Authority, or CMA, announced the investigation today. The move comes four months after a U.S. court found that Google maintains an illegal monopoly in the search and search text advertising markets. The Justice Department is ...
Microsoft forms new AI engineering group led by Jay Parikh
Microsoft Corp. is forming a new engineering group that will be led by Jay Parikh, a former Meta Platforms Inc. executive who joined the company last year. Microsoft Chief Executive Officer Satya Nadella announced the move today in a note to employees. The new unit is known as the CoreAI – Platform and Tools group. ...
Clearwater acquires Enfusion in $1.5B financial software deal
Clearwater Analytics Holdings Inc. today announced plans to acquire Enfusion Inc., a fellow provider of financial software, for $1.5 billion in cash and stock. The offer amounts to $11.5o per share. That’s a 32% premium to Enfusion’s closing price on Sept. 19, the day before word leaked about the acquisition. Clearwater Analytics plans to finance ...