NEW YORK: Peak Energy Investments Ltd. has welcomed Gavin Adda as its new Chief Executive Officer and Geoffrey Jahnke as its new Chief Operating Officer, starting from November 1, 2023. They both come from TotalEnergies (NYSE: TTE) Renewables Asia, where…
SEATTLE: AWS has launched EC2 Capacity Blocks for ML, a new way for customers to access GPU compute capacity for generative AI workloads. EC2 Capacity Blocks allow customers to reserve hundreds of NVIDIA GPUs collocated in Amazon EC2 UltraClusters for…
Jabil, a global manufacturing services company, has agreed to buy Intel’s silicon photonics connector business for an undisclosed amount. The deal will give Jabil access to Intel’s existing silicon photonics-based pluggable optical transceiver products and allow it to continue developing…
Windstream Holdings, a privately held communications and software company, has appointed Paul Sunu as its new President and CEO, effective immediately. He replaces Tony Thomas, who has left the Company and the Board after 17 years. Sunu has been the…
Cloyes Gear & Products, Inc. (Cloyes), the global leader in timing drive systems and components for the automotive aftermarket, has acquired Rotomaster, a leading turbocharger and component specialist. The deal, whose terms were not disclosed, will enhance Cloyes’ product offerings…
SITE Centers Corp., a company that owns open-air shopping centers in affluent suburbs, plans to spin off its Convenience assets into a new public REIT called Curbline Properties Corp. Convenience assets are rows of shops that are located on the…
IDEX Corporation, a global leader in fluidics and metering technologies, has agreed to acquire STC Material Solutions, a maker of technical ceramics and hermetic sealing products, from Artemis for $206m. The deal will enhance IDEX’s material science capabilities and create…
Anthropic, an artificial intelligence startup led by former OpenAI executives, has secured a $2 billion investment commitment from Google, according to sources familiar with the deal. The agreement includes a $500 million cash injection and another $1.5 billion to be…
Elon Musk’s social media platform, X (formerly Twitter), launched two new subscription plans on Friday: Premium+ and Basic. Premium+ costs $16 per month and includes all the platform’s tools and features, minus the ads. It’s currently only available for users…
LONDON: Squeeze, a US-based tech platform that helps consumers save on their recurring insurance contracts, has announced the acquisition of Youtility, a UK start-up that provides embedded home finance management services to banks and fintechs. The deal will create a…
NEW YORK: Payoneer, a fintech company that helps SMBs transact and grow globally, announced a collaboration with Etsy, a global online marketplace for unique and creative goods, to support its seller offering, Etsy Payments. The collaboration will enable Etsy to…
NEW YORK: Pearl Street Equity LLC, a New York-based single-family office, has announced the acquisition of Famous Brands International franchising business, the parent company of two popular brands, Mrs. Fields® and TCBY® (The Country’s Best Yogurt). The financial terms of…