LONDON – Truespeed Communications and Freedom Fibre have signed an agreement to combine their businesses, creating a scaled, capital-efficient full fibre platform. The combined entity will play a leading role in the ongoing consolidation of the UK alternative network (altnet) sector. This merger brings together two highly complementary, effectively unlevered, businesses with a combined footprint…
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Databricks raises $5 billion, eyes IPO as AI demand fuels growth
SAN FRANCISCO: Data analytics software company Databricks said Monday it has raised $5 billion in new funding and secured $2 billion in additional debt capacity, solidifying a valuation of $134 billion. The privately held company also reported that its annualized revenue exceeded $5.4 billion for the January quarter, a 65% increase from the same period…
Honda, Mythic to co-develop 100X more efficient AI processors for vehicles
PALO ALTO: Honda Motor Co. and the artificial intelligence chip company Mythic announced a partnership Tuesday to develop a new, highly efficient computing system for future vehicles, aiming to significantly advance driver-assist and autonomous features while supporting Honda’s long-term safety and environmental goals. The companies said they have entered a joint development agreement in which…
TotalEnergies and Tikehau Capital to develop public charging networks in Belgium and the Netherlands
PARIS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Tikehau Capital have announced the creation of a joint investment platform to promote the development of charging infrastructure for electric vehicles in urban public spaces in Belgium and the Netherlands. This partnership will support municipal authorities through the EV transition and consolidate TotalEnergies’ position as a leading player in…
Venu+ announces the acquisition of Tiburon Lockers
ORLANDO: Venu+, the leading global provider of tech-enabled guest mobility, storage, and entertainment solutions for the world’s top amusement destinations, today announced the acquisition of Tiburon Lockers, an innovative leader in custom locker rental systems. This acquisition represents a significant milestone in VENU+’s growth strategy and further deepens its expertise and industry-leading offerings across storage solutions….
AstraZeneca deepens China bet with $15 billion investment, weight-loss drug deal ahead of NYSE listing
LONDON: AstraZeneca AZN.L is making a multi-billion dollar push into China, announcing a major investment and a new obesity drug partnership, as it prepares for a high-profile U.S. stock listing that underscores the pharmaceutical giant’s delicate balancing act between its two most critical markets. The British drugmaker said on Thursday it plans to invest $15…
Baidu seeks Hong Kong listing for AI chip unit Kunlunxin, amid push for self-sufficiency
BEIJING: Chinese tech giant Baidu Inc. said Friday it plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it in Hong Kong, as domestic chipmakers seek capital amid Beijing’s drive for semiconductor independence. The company announced it confidentially submitted a listing application to the Hong Kong Stock Exchange. Details of the offering,…
Event tech firm Cvent to acquire webinar platform ON24 in $400 million deal
SAN FRANCISCO: Cvent, a major provider of meetings and events technology, said on Monday it has agreed to acquire intelligent engagement platform ON24 (ONTF.N) in an all-cash deal valued at about $400 million. The transaction brings together Cvent’s event management software with ON24’s webinar and digital experience platform, aiming to create a broader suite of…
Meta acquires AI agent start-up Manus in multi-billion dollar deal
MENLO PARK: Meta Platforms (META.O) said on Tuesday it acquired Singapore-based artificial intelligence start-up Manus, a developer of general-purpose AI agents, as the social media giant accelerates its massive investments into automating complex business and consumer tasks. While Meta did not disclose financial terms, the Wall Street Journal reported the deal was valued at over…
Pattern Group acquires TikTok shop agency NextWave to expand social commerce leadership
LEHI — Pattern Group Inc. (Nasdaq: PTRN), a global ecommerce acceleration platform, announced Thursday its acquisition of NextWave, a leading TikTok commerce agency. The move significantly expands Pattern’s capabilities in creator-led social commerce and TikTok Shop operations. The acquisition aims to help brands reach new customers as TikTok Shop experiences rapid growth. NextWave brings its status…
Altus Power acquires 234-Megawatt solar and storage portfolio from Greenbacker
STAMFORD — Altus Power, a leading owner and operator of commercial-scale clean electrification assets, announced Wednesday the acquisition of a 234-megawatt portfolio of solar generation and storage assets from investment manager Greenbacker Renewable Energy Company. The acquired portfolio comprises more than 100 individual sites across 18 states and features long-term contracts with investment-grade customers, including…
Flowserve Corporation has acquired Greenray Turbine Solutions for $72 million
DALLAS – Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it has acquired U.K.-based Greenray Turbine Solutions, Ltd., a comprehensive provider of aftermarket products and services for industrial gas turbines. Through this acquisition, Flowserve gains access to deep product expertise and durable revenue…