BRISBANE – Australian cloud networking firm Megaport Limited (MP1.AX) said on Monday it has agreed to acquire compute provider Latitude.sh, a move aimed at creating a combined platform to tap into growing demand for artificial intelligence (AI) and hybrid cloud services. The acquisition, which is expected to close by Dec. 31, 2025, will merge Megaport’s…
ST. PETERSBURG: Jabil Inc. (NYSE: JBL) said on Wednesday it has entered into a definitive agreement to acquire Hanley Energy Group, a provider of energy management and critical power solutions for data centers, in an all-cash deal valued at approximately $725 million. The agreement includes up to $58 million in contingent consideration tied to future…
FORNEBU: Aker ASA has completed its subscription to shares in Nscale Global Holdings Ltd. as part of the company’s Series B financing round, securing a 9.3% stake on a fully diluted basis. In tandem, Aker and Nscale have closed a 50/50 joint venture to establish Aker Nscale, a new company focused on delivering secure, scalable…
LONDON: CoreWeave Inc. announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith’s simulation and test-driven machine learning capabilities with CoreWeave’s purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises. The…
OSLO: Magnora ASA has entered the Norwegian data centre market through the acquisition of a majority stake in Storespeed AS, a Norwegian data centre operator, in partnership with Blix Group AS owner of Blix Solutions AS, a sustainable Norwegian data center operator. The investment marks Magnora’s entry into the rapidly expanding data centre industry, driven…
PARIS: Legrand (Paris:LR), a global specialist in electrical and digital building infrastructures, announced Friday it has acquired Avtron Power Solutions (Avtron), a Cleveland-based provider of load banks and power quality solutions, in a deal valued at $1.125 billion. The acquisition strengthens Legrand’s footprint in energy transition-related technologies, particularly in high-growth verticals such as datacenters, microgrids…
SAN JOSE: Credo Technology Group Holding Ltd (NASDAQ: CRDO) said on Tuesday it has completed the acquisition of privately-held Hyperlume Inc., a developer of microLED-based optical interconnect technology, in a move aimed at strengthening its portfolio of high-speed, energy-efficient connectivity solutions for AI-driven data infrastructure. The deal marks a strategic expansion for Credo, which provides…
NEW YORK: CoreWeave Inc. (NASDAQ: CRWV), the AI Hyperscaler™, said Thursday it has entered into a definitive agreement to acquire OpenPipe Inc., a developer-focused platform specializing in reinforcement learning (RL) for training AI agents. The acquisition strengthens CoreWeave’s position in the AI infrastructure market by integrating OpenPipe’s advanced RL frameworks into its high-performance cloud ecosystem….
LONDON: Defence Holdings PLC (LSE: ALRT), the UK’s first listed software-led defence company, has appointed Andrew McCartney as Chief Technology Officer, effective immediately. McCartney, a veteran of sovereign AI infrastructure, co-founded Whitespace, a deep-tech firm delivering generative AI capabilities to defence and public sector clients. He previously served as the inaugural CEO of Microsoft Ventures…
SAN FRANCISCO: Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed Tuesday, marking a bold move amid intensifying competition in the generative AI space. The offer exceeds Perplexity’s most recent valuation of $18 billion, set in July, and nearly doubles its earlier $14 billion valuation. The company said several…
Super Micro shares tumble 15% after missing Q4 estimates, issuing soft outlook NEW YORK: Shares of Super Micro Computer (SMCI.O) fell 15% in after-hours trading on Tuesday after the server manufacturer posted weaker-than-expected fiscal fourth-quarter results and issued tepid guidance for the current quarter. The company reported adjusted earnings of 41 cents per share, missing…
Amazon’s online store sales rose 11% to $61.5 billion, while advertising revenue jumped 23% to $15.7 billion SEATTLE: Amazon Web Services (AWS) reported its lowest profit margins since late 2023, raising concerns among investors about the tech giant’s ability to maintain growth in its cloud computing division. Amazon said AWS operating margins fell to 32.9%…