Capacity development Archives | Page 296 of 313

Schneider expands data centre offerings with $850 million deal

Schneider Electric has announced an $850 million deal to acquire a 75% controlling stake in Motivair Corp, a US company specialising in liquid cooling solutions for high-performance computing. The French firm expects to complete the all-cash deal in the coming quarters, with plans to acquire the remaining stake by 2028. The acquisition is part of Schneider’s strategy to expand its offerings for the rapidly growing data centre market, which increasingly demands efficient cooling solutions for technologies like generative AI.

Motivair, located in Buffalo, New York, manufactures advanced cooling systems that pump coolant directly near chips, efficiently managing the heat produced by high-performance computing—something traditional air cooling struggles to do. Schneider CEO Peter Herweck emphasised the expansion of the data centre and networks sector, which accounted for 21% of the company’s 2023 orders, approximately 8 billion euros. He also noted strong global demand for these technologies.

Herweck stated that Schneider is not actively pursuing further acquisitions in the data centre sector but remains open to opportunities as they emerge. The company’s shares have climbed 31% this year, driven by its strong market presence and the growing demand for advanced cooling solutions in data centres.

Mistral introduces edge AI models for privacy-first applications

Mistral, a French AI startup, has launched its first generative AI models, ‘Les Ministraux,’ designed to run on edge devices like laptops and mobile phones. The models, Ministral 3B and Ministral 8B, offer versatile applications such as on-device translation and autonomous robotics, catering to privacy-focused, low-latency scenarios.

Both models can process 128,000 tokens, roughly the length of a 50-page book. While Ministral 8B is available for research purposes, commercial licences for self-deployment are being offered directly by Mistral. Developers can also access the models through Mistral’s cloud platform, La Platforme.

Smaller AI models are increasingly in demand due to their cost-effectiveness and efficiency. Mistral claims that its Ministral models outperform competitors like Llama and Gemma across several benchmarks, offering strong instruction-following and problem-solving capabilities.

Paris-based Mistral, which has raised $640 million in venture capital, continues to expand its AI portfolio. The company has introduced services such as developer testing and model fine-tuning, positioning itself as a competitor to major players like OpenAI and Anthropic.

Wolfspeed’s shares surge following grant announcement

Wolfspeed is set to receive $750 million in government grants for its new silicon carbide wafer manufacturing plant in North Carolina, as announced by the US Commerce Department. This funding news caused the US chipmaker’s shares to surge over 30%. The preliminary agreement requires Wolfspeed to strengthen its balance sheet to safeguard taxpayer funds.

Investment firms, led by Apollo Global Management, have pledged an additional $750 million in financing for Wolfspeed. The company produces energy-efficient chips using silicon carbide, crucial for applications like electric vehicles and renewable energy systems. As part of a larger $6 billion expansion plan, Wolfspeed aims to increase its manufacturing capacity in Marcy, New York.

Wolfspeed anticipates up to $1 billion in cash tax refunds from the advanced manufacturing tax credit under the Chips and Science Act. CEO Gregg Lowe highlighted the significance of Wolfspeed’s products to the US economy and national security. However, the company has encountered difficulties this year, with its stock plummeting nearly 75% due to a decline in electric vehicle demand. The grant remains subject to due diligence and is not yet finalised.

Cyprus and Khazna to forge strategic digital partnership

Cyprus and Khazna have entered into a significant partnership through a Memorandum of Understanding (MoU) signed by the Deputy Ministry of Research, Innovation, and Digital Policy. That agreement aims to enhance Cyprus’s digital infrastructure by focusing on joint data centre projects, thereby positioning Cyprus as a key player in the global digital landscape.

Recognising Cyprus’s geographical advantage as a natural data gateway connecting Europe, Asia, and Africa, the collaboration seeks to attract businesses that require reliable, scalable, and secure data platforms. Furthermore, with a robust network of submarine fibre-optic cables and satellite teleports already in place, additional investments are planned to strengthen this infrastructure and meet the growing demands for digital connectivity.

In addition, the partnership aims to integrate advanced technologies such as AI, smart mobility, and space solutions, driving the evolution of Cyprus into a regional tech and innovation hub while fostering a vibrant digital economy for both citizens and businesses. Moreover, the commitment to creating new business and economic opportunities is expected to benefit society and future generations.

By leveraging Khazna’s expertise in hyperscale digital infrastructure, this collaboration will further enhance Cyprus’s position as a growing technology hub in the region. Ultimately, this partnership signifies a strategic commitment to digital transformation and reflects a shared vision of a digitally advanced Cyprus poised for future innovation and growth.

Telecom leaders urge policy reforms for India’s digital future

Telecom leaders emphasised the urgent need for policy reforms to secure India’s digital future at the India Mobile Congress. They highlighted critical issues such as data localisation, AI adoption, and the expansion of satellite services, thereby calling for immediate action to address these challenges.

Specifically, the chairman of Reliance Jio urged the government to expedite updates to the data centre policy to ensure that essential data remains within India. Moreover, he advocated for incentives for local companies to establish AI and machine learning data centres.

In addition to these points, the transformative potential of AI across sectors like manufacturing, agriculture, healthcare, and education was recognised, with leaders stressing the importance of rapid adoption to drive productivity and innovation. Furthermore, the chairman of Bharti Airtel underscored the necessity of expanding satellite services to bridge the digital divide, particularly in remote areas. He called for funding through the Universal Services Obligation Fund (USOF) to support this expansion.

In light of these discussions, the leaders also addressed the need for direct spectrum allocation methods for satellite broadband services under the new Indian telecom law, enhancing connectivity for urban and rural consumers.

Additionally, they emphasised the importance of securing investments to strengthen the industry’s competitiveness. For instance, the chairman of Vodafone Idea noted the company’s recent ₹18,000 crore fundraising aimed at enhancing service offerings through substantial agreements with network suppliers.

Lastly, the growing relevance of combating digital threats such as spam, fraud, and phishing scams was underscored. In this context, they advocated for collaboration with the government and regulatory bodies to implement innovative solutions and promote public awareness campaigns. These campaigns would educate users on identifying and avoiding scams, ultimately fostering a safer digital environment.

Intel and AMD unite to tackle Arm’s growing influence

Intel and AMD are teaming up to ensure software compatibility across their x86 chips in response to competition from Arm Holdings. For decades, Intel’s x86 architecture has powered laptops, PCs, and servers, with AMD licensing the technology to make its own competing chips. However, Arm’s market share has grown, partly due to its contracts requiring that all Arm chips support Arm software universally.

In response, Intel and AMD have formed an advisory group that includes major industry players such as Broadcom, Dell Technologies, Lenovo, and Oracle. The group’s objective is to establish consistent and compatible standards for x86 chips by combining expertise from the hardware and software sectors.

At a Lenovo event in Seattle, Intel CEO Pat Gelsinger highlighted the flexibility of x86 technology for AI-enabled laptops, stating that the architecture is still strong and poised for growth and innovation as AI advances.

Blackstone plans significant data centre development in Spain

Blackstone, the world’s largest alternative asset manager, is set to invest €7.5 billion ($8.2 billion) in developing data centres in Aragon, Spain, further establishing the region as a key cloud computing hub in Europe. This investment follows similar moves by tech giants like Microsoft and Amazon, who are also investing heavily in data centre projects in the area.

The US private equity firm will concentrate on building facilities with cooling systems and cable connections, which will be leased to companies for server installations. The Aragon regional government has indicated that 19 data centre projects are currently pending approval.

In recent announcements, Microsoft revealed plans for a €6.69 billion investment in Aragon, while Amazon’s AWS intends to invest €15.7 billion in its own data centres. Notably, Amazon has committed to powering its facilities with renewable energy, leveraging Aragon’s significant wind power resources.

UK secures £6.3 billion US investment in data centres

On Monday, Britain announced a major investment of £6.3 billion ($8.2 billion) by US companies ServiceNow, CyrusOne, CloudHQ, and CoreWeave in UK data centre technology. This announcement aligns with the UK government’s broader economic plans, as Prime Minister Keir Starmer hosts the International Investment Summit in London, gathering hundreds of global business leaders.

At the summit, the government is set to unveil an additional £50 billion ($65 billion) in new investments aimed at stimulating growth in sectors like AI, life sciences, and infrastructure. Starmer, emphasising the importance of private sector involvement, aims to create a stable environment that fosters economic expansion, aligning with his Labour Party’s commitment to boosting the economy.

The event will also feature discussions between ministers and business leaders on capitalising on opportunities in emerging industries, including health tech, clean energy, and creative sectors.

Unily launches Insight Center to streamline AI integration

Unily has introduced its new ‘Insight Center’, a platform designed to help large enterprises integrate and manage digital assistants and language models. The solution provides a central access point for multiple AI tools, streamlining their use across business functions like HR and customer service. It also ensures efficient governance and prioritises simplicity in its user experience.

At its annual event, Unite 24, Unily also announced the launch of ‘Unily Go’, a mobile app focused on improving engagement and communication for frontline workers. The app helps connect employees who don’t have access to desktop computers, offering secure messaging and personalised features to keep teams connected.

By partnering with industry leaders such as Microsoft and Workgrid, Unily ensures its platform offers a comprehensive and secure way for organisations to interact with the digital assistants of their choice. Unily Go, in particular, addresses the need for better communication tools for mobile workers in sectors like retail and manufacturing.

Both the Insight Center and Unily Go will become part of the Unily employee experience platform in 2025. The company plans to offer these features with white-labelling options so businesses can align the tools with their corporate branding.

Ericsson’s revenue set to rise with new 5G contracts

Swedish telecom company Ericsson has secured a new multi-billion dollar deal to supply 5G equipment to India‘s Bharti Airtel, according to sources. This follows a $3.6 billion contract last month with Vodafone Idea, shared with Nokia and Samsung, highlighting Ericsson’s expanding presence in India’s growing 5G market.

Ericsson’s shares rose nearly 9% on Tuesday after the company reported third-quarter earnings that exceeded analyst expectations, driven by strong demand in North America. Adjusted earnings reached 7.327 billion Swedish crowns ($0.7 billion), up from 3.9 billion crowns a year earlier, while net sales fell 4% year-on-year to 61.8 billion crowns, still surpassing forecasts. The North American market showed over 50% year-on-year growth, offsetting declines in northeast and southeast Asia.

CEO Börje Ekholm noted signs of market stabilisation, attributing demand for 5G largely to growth in mobile internet consumption. He highlighted that the rapid rollout of 5G in India has inflated sales but remains optimistic about growth opportunities despite challenges in China. With improved gross margins and positive outlook comments, analysts are forecasting upgrades to Ericsson’s earnings before interest and tax for 2024 and 2025. The results signal a recovery for Ericsson, which has faced slowing demand for its 5G equipment and previously announced layoffs to cut costs.