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When Meta selected a site in Louisiana for its largest data center to date, it signed a deal with Entergy to power the site with three massive natural gas power plants. Yesterday evening, a state regulator approved Entergy’s plans. The power plants are expected to come online in 2028 and 2029, and at full strength,…
A Florida judge on Tuesday dismissed a lawsuit filed against embattled HR and payroll provider Deel. And while Deel described this as a “Rippling-aligned” and “Rippling-supported” lawsuit, this is not the infamous lawsuit filed by its rival earlier this year that involved an alleged corporate spy. Rippling CEO Parker Conrad even went so far as…
Databricks is in the process of closing a fresh round at a $100 billion valuation, sources confirmed to TechCrunch. The round was originally reported by the Wall Street Journal. A source familiar with the deal tells TechCrunch exclusively the new round is about $1 billion, and was wildly oversubscribed. Databricks, best known for its data analytics…
Japanese conglomerate SoftBank has agreed to make a $2 billion investment in Intel in a deal described as a commitment to advanced technology and semiconductors in the United States. The agreement, in which SoftBank will buy Intel common stock, was announced Monday after markets closed. SoftBank will pay $23 per share of Intel common stock….
The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week…
When Bill Dally joined Nvidia’s research lab in 2009, it employed only about a dozen people and was focused on ray tracing, a rendering technique used in computer graphics. That once-small research lab now employs more than 400 people, who have helped transform Nvidia from a video game GPU startup in the nineties to a…
Corporate Ether holdings surged to $13 billion as ETH prices broke $4,300, with BitMine, SharpLink and The Ether Machine leading the charge. The total Ether held by companies with crypto treasuries has risen to 3.04 million ETH, worth $13 billion, as the cryptocurrency’s price surged past $4,300. On Monday, Ether (ETH) climbed to $4,332, surging…
Upwork, a platform that connects companies with freelancers, announced two acquisitions to help build out a new stand-alone enterprise-focused business that could expand its market reach. The San Francisco-based company announced it has acquired Bubty, a workforce management platform, and has signed a definitive agreement to acquire Ascen, a global compliance and EOR (employer of…
Sam Altman’s blow torch to his competitors is so hot, it even includes a new partnership with Amazon Web Services. As OpenAI announced two open-weight reasoning models with capabilities on par with its o-series, Amazon announced that the new models would soon be available as a service on AWS. For the first time, OpenAI models…
SAP announced Friday that it has reached an agreement to acquire recruiting software company SmartRecruiters. In a press release, the European software giant said that SmartRecruiters “powerful, user-friendly interfaces and seamless workflows” will complement SAP’s existing HR tools. Muhammad Alam, the SAP executive board member who leads product and engineering, said in a statement that…