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WHTop → 📋 News → LG Sets Sights on Becoming Leading Global HVAC Provider
Jul, 2025 : LG Sets Sights on Becoming Leading Global HVAC Provider
📅 - LG Electronics has announced a significant strategic push to become a global leader in HVAC systems, with a special focus on AI-driven data center infrastructure. Unveiled at a press event at LG Sciencepark in South Korea on July 8, the company outlined a growth roadmap aimed at expanding its Energy Solutions (ES) division, targeting KRW 20 trillion (approximately USD 14.5 billion) in HVAC revenue by 2030.
This long-term strategy is set to be driven by increasing demand for AI data centers and the need for energy-efficient and high-performance cooling systems in industrial and commercial environments.
With the proliferation of generative AI and large-scale data processing, modern data [...][... Check source for end of article ...]
📅 - KIOXIA AiSAQ Boosts AI RAG with Updated Vector Search Library - With the help of the new open-source release's configurable controls, system architects can now determine the ideal balance between search speed and vector count, two parameters that are mutually exclusive given the system's set SSD storage capacity. The ensuing advantage allows RAG system architects to precisely balance particular workloads and their needs without requiring any changes to the hardware.
The new approximate closest neighbor search (ANNS) algorithm used by KIOXIA AiSAQ software, which was first released in January 2025, is optimized for SSDs and does not require index data to be stored in DRAM. The limitations imposed by limited DRAM capacity are significantly eliminated by [...]
📅 - Groq Expands to Europe with New Data Center Deployment in Helsinki - AI inference technology company Groq has officially announced the expansion of its data center network into Europe with the launch of its first facility in Helsinki, Finland. The move marks a strategic milestone for the company as it works to meet growing demand across the European market for scalable, low-latency, and cost-effective AI infrastructure.
Founded by Jonathan Ross, Groq (not to be confused with Elon Musk's Grok) is known for its purpose-built Language Processing Unit (LPU) systems, optimized for real-time AI inference at scale. The company's approach is particularly attractive to organizations seeking high performance with predictable pricing models - an increasingly critical [...]
📅 - CoreWeave Acquires Core Scientific in $9B AI Infrastructure Deal - AI hyperscaler CoreWeave (NASDAQ: CRWV) has reached a definitive agreement to acquire Core Scientific (NASDAQ: CORZ), a provider of high-performance data center infrastructure. The all-stock transaction is designed to support CoreWeave's vertical integration strategy, allowing it to internalize key infrastructure capabilities while improving cost structure and long-term scalability.
The acquisition comes just months after CoreWeave's successful initial public offering in March 2025 and is expected to materially transform the company's operational footprint. According to the agreement, Core Scientific shareholders will receive 0.1235 newly issued shares of CoreWeave Class A common stock [...]
📅 - Cairo Data Center Fire Kills 4, Injures 27, Disrupts Internet Across Egypt - A devastating fire at a major Telecom Egypt data center in downtown Cairo claimed the lives of four employees and injured at least 27 others, while plunging much of the country into a digital blackout. The blaze, which broke out on Monday, July 7, disrupted nationwide internet connectivity and mobile services, impacting critical infrastructure such as emergency hotlines, digital banking, and air travel.
According to the Egyptian Health Ministry, most injuries were caused by smoke inhalation. Some victims were treated on-site, while others were taken to hospitals. Telecom Egypt confirmed that the four deceased were employees trapped in the building when the fire erupted.
Internet [...]
📅 - Novva Data Centers Unveils New Sustainable Facility in Tahoe Reno - In Storey County, Nevada, Novva Data Centers has officially opened its newest facility, a 300,000-square-foot data center designed with sustainability at its core. Located on a 20-acre site within the Tahoe-Reno Industrial Center (TRIC) - one of the largest industrial parks in the world - the Novva Tahoe Reno campus marks a strategic expansion for the company, aligning with its broader ambition to develop environmentally conscious digital infrastructure across the Western United States.
The facility delivers 60 megawatts of IT power and serves as Novva's fourth completed site, following earlier builds in West Jordan, Utah; Colorado Springs, Colorado; and North Las Vegas, Nevada. The [...]
📅 - Asia Pacific AI Investment Reaches $15.4B Despite Fewer Deals, Says IDC - Artificial intelligence investment in Asia Pacific reached a significant milestone in 2024, with USD 15.4 billion flowing into digital-native businesses (DNBs), according to new research from IDC. Despite a decline in overall AI deal volume, the total capital invested highlights a continued appetite for scalable and sector-specific AI innovation across the region.
IDC's report, Powering the AI Wave: Venture Capital Trends and Strategic Vendor Pathways in Asia/Pacific's AI Landscape - 2025, outlines how funding trends have shifted and what opportunities lie ahead for vendors and investors.
The information technology sector led AI funding activity, particularly in areas such as cloud [...]
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