All articles by Archana Rani
Archana Rani
Databricks to acquire database startup Neon
While the company did not disclose the deal value, a report by Reuters said the deal is valued around $1bn.
Samsung to acquire FläktGroup in €1.5bn deal
FläktGroup provides data centre solutions including liquid cooling and air cooling products.
Nvidia and AMD partner with Humain to develop AI data centres
Humain aims to build AI factories in Saudi Arabia with expected capacity of up to 500MW.
SiCarrier targets $2.8bn in initial fundraising
The Shenzhen government plans to sell about 25% of a SiCarrier unit at valuation of $11bn.
Microsoft to cut 3% of workforce
The job cuts are part of Microsoft’s broader effort to control expenses while advancing its investments in AI.
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Quantum company Classiq garners $110m funding
Entrée Capital spearheaded the funding round, which brings Classiq’s total funding to $173m.
Saudi Arabia forms new company to develop AI technologies
Humain will provide a range of AI services, products, and tools, including data centres, AI infrastructure, and cloud capabilities.
Google to pay Texas $1.38bn in data-privacy settlement
The lawsuit accused Google of illegally tracking and gathering users’ private information.
Panasonic plans to cut 4% of workforce
The decision forms part of the company’s efforts to streamline operations and become a more “lean” organisation.
US Labor Department ends fair pay probe into Scale AI
The inquiry scrutinised the startup’s fair pay practices and working conditions.