investment
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Blog
GPU cloud startup Vultr secures AMD backing in $333 million investment round
Cloud infrastructure company Vultr has raised $333 million in funding as part of an investment round that values the firm at $3.5 billion. Founded in 2014 by David Aninowsky and self-funded until now, Vultr operates a global, full-stack AI infrastructure and cloud computing platform with 32 cloud data center regions around the world. Led by LuminArx Capital Management and AMD…
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Australia Unveils National AI Plan to Boost Investment and Capabilities
Australia has announced plans to develop a national AI strategy to strengthen its AI capabilities and attract investment, aiming to unlock the economic productivity potential of these technologies. The strategy will focus on building AI skills, sovereign capabilities, and infrastructure, positioning Australia to seize the $600 billion boost to GDP that the government expects AI will deliver by 2030. Set…
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CMA gives Google’s $2B Anthropic investment the green light
It took the UK’s Competition and Markets Authority (CMA) less than a month to decide that there is no need to proceed further with a merger investigation after Google’s purchase of a $2 billion stake in Anthropic. In a statement released on Oct. 24, the CMA indicated that it had obtained “sufficient information” to launch a preliminary investigation into the…
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Business leaders face green ‘investment paralysis’ as concerns clash with climate targets
Business leaders in the UK are anxious about sustainability, with efforts to go green hampered by a lack of sustainable investment. That’s according to research from BT, with three-quarters (72%) of surveyed business leaders saying they feel stress over sustainability targets. With the UK government pushing towards climate targets — including an 81% reduction in emissions compared to 1990 levels…
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US finalizes curbs on investment in AI and critical technology in China – Computerworld
“Companies might also need to reassess their strategic priorities, which may lead to an unnecessary increase in innovation costs,” said Charlie Dai, VP and principal analyst at Forrester. “On the other hand, regulatory concerns will force enterprises outside the US to further prioritize localization strategies to achieve self-sufficiency in critical areas, potentially leading to increasingly isolated innovation ecosystems.” The new…
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E.U. Partners With Venture Capital Firms to Boost Tech Investment
The European Union has announced that it is teaming up with 71 investors that will co-invest in innovative tech projects in the region. Together, the venture capital funds, public investment banks, foundations, and corporate venture funds represent over €90 billion of assets. The so-called “Trusted Investors Network” was launched on Monday to help finance “high-risk deep tech companies that have…
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Software developers, security experts, and even investment bankers all report that ‘tool sprawl’ is burning budgets and wasting employees’ time
Bloated software ecosystems saturated with underutilized or inefficient SaaS tools are bogging down practitioners operating across a range of different industries, but what can be done to remedy the situation? Enterprises have complained repeatedly about being bogged down by the digital complexity in their IT estates, which is not only impacting productivity, but also expanding attack surfaces and exposing them…
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£6.3 billion data center investment marks major ‘vote of confidence’ for UK tech industry
Four US firms have announced plans to invest a total of £6.3 billion in data center infrastructure across the UK in a move described by technology secretary Peter Kyle as a ‘vote of confidence’ in Britain. The deals with CyrusOne, ServiceNow, CloudHQ, and CoreWeave, announced as part of this week’s International Investment Summit, bring the total investment in UK data…
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UK govt appoints Microsoft CEO to chair industrial strategy council as it looks to attract tech investment
Microsoft’s UK CEO Clare Barclay will chair the government’s new Industrial Strategy Advisory Council as part of a sharpened focus on UK tech investment. Announced jointly by Business and Trade Secretary Jonathan Reynolds and UK Chancellor Rachel Reeves, the council will look to deliver a modern industrial strategy focused on eight key areas. Digital and technologies are one of these…
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UK IT leaders prioritize cloud investment – but AI skills shortages continue to cause worries
Preparing for AI adoption has become a major factor in determining cloud strategies in the UK, but more than eight in ten IT managers say there’s an urgent AI skills gap. Almost all (98%) leaders surveyed for a new Red Hat report said they saw advantages in adopting enterprise open source solutions for AI, mostly through accelerating innovation and cost-efficiency.…
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