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WHTop → 📋 News → PhotonAI Acquires Multiven for $2.2B to Secure Africa’s AI Infrastructure
PhotonAI Acquires Multiven for $2.2B to Secure Africa’s AI [...]
PhotonAI Acquires Multiven for $2.2B to Secure Africa’s AI Infrastructure
📅 - In a landmark $2.2 billion digital asset transaction, AI data center infrastructure company PhotonAI has acquired global cybersecurity firm Multiven in a deal fully denominated in Boomcoin (BMC). The move positions PhotonAI as the first AI company to integrate military-grade cyberdefense across its entire AI technology stack, from large language model (LLM) inference systems to decentralized data centers.
This acquisition underscores PhotonAI's commitment to building a scalable, secure, and sovereign AI infrastructure tailored to the African continent and beyond.
Founded in Palo Alto in 2005, Multiven has built a two-decade legacy in protecting critical infrastructure from sophisticated [...][... Check source for end of article ...]
📅 - Databricks Grows in Latin America with New Costa Rica Office - Databricks, a U.S.-based data and AI software company, has announced the opening of a new office in the America Free Zone (AFZ) in Heredia, Costa Rica - marking a significant milestone in its strategic expansion across Latin America. The company's growing investment in the region is driven by increasing enterprise demand for its unified Data Intelligence Platform and an ongoing commitment to tapping into Costa Rica's highly skilled talent pool.
Since launching operations in Costa Rica in 2023, Databricks has rapidly scaled its local workforce to nearly 200 employees. The company plans to hire an additional 100 by the end of 2025, underlining Costa Rica's role as a strategic operations and [...]
📅 - Intel and SoftBank Launch Saimemory to Cut AI Energy Use - Intel and Japan's tech investment giant SoftBank have joined forces to develop energy-efficient memory chips tailored for artificial intelligence workloads. The collaboration, valued at $70 million, will result in a new company named Saimemory, focused on building stacked DRAM chips designed to dramatically reduce power consumption in AI data centers.
As the energy requirements of AI infrastructure continue to escalate, particularly with the rise of generative models like ChatGPT and large-scale machine learning frameworks, data center operators are grappling with ballooning electricity costs and mounting environmental pressures. This joint venture aims to confront that challenge head-on [...]
📅 - Bell Canada Significantly Expands AI Capacity with Bell AI Fabric - Bell Canada has announced an ambitious initiative to strengthen Canada's AI infrastructure through the development of a nationwide network of high-performance, hydroelectric-powered data centers. Known as Bell AI Fabric, the initiative aims to provide up to 500 megawatts (MW) of computing capacity, creating what could become the largest sovereign AI compute capability in the country.
This marks a strategic effort to ensure Canadian enterprises remain competitive in the global AI arena, while reinforcing national data sovereignty.
Bell AI Fabric is positioned to become a cornerstone of Canada's digital economy, offering advanced computing resources to businesses, researchers, and [...]
📅 - Enterprises Push for More Innovation, AI Value from Service Providers - New research from Information Services Group (ISG), a global technology research and advisory firm focused on AI and digital services, reveals that enterprise buyers are calling for improved innovation and strategic alignment from their service providers - particularly in the fast-evolving AI and outsourcing sectors.
The findings, published in ISG's latest Star of Excellence CX Insights Report, offer a comprehensive look at how enterprise clients evaluate their service and solution providers across core performance dimensions.
Based on survey responses from enterprise clients globally, the quarterly report highlights that while many companies rate providers highly in key areas like [...]
📅 - GridFree AI Raises $5M to Accelerate Modular AI Data Center Deployment - In a move poised to accelerate the deployment of advanced computing infrastructure globally, GridFree AI has emerged from stealth with a bold vision to transform how data centers are built and operated. The company, incubated by Montauk Climate, announced it has raised $5 million in funding led by Amplo and Giant Ventures.
Its founders, Ralph Alexander - former CEO of BP's Global Gas, Power, and Renewables division - and Patrick Yantz, previously a global edge operations leader at Microsoft, bring deep domain expertise in energy and cloud infrastructure to the venture.
GridFree AI's flagship innovation, the Power Foundry platform, presents a modular, grid-independent solution that [...]
📅 - U.S. NexusTek Launches New Private Cloud Offerings - Whether implementing new cloud-native projects or updating legacy infrastructure, NexusTek Private Cloud offers a dependable, high-performance platform made to grow alongside modern enterprises. NexusTek offers a customized combination of infrastructure, security, and managed services to meet specific operational and organizational demands through flexible consumption models, including both virtual and dedicated private cloud alternatives.
"To succeed in the cloud, businesses must innovate while navigating a complex web of compliance, governance, and cybersecurity requirements," said Hamilton Yu, chief executive officer of NexusTek. "NexusTek Private Cloud is purpose-built to support this [...]
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