News

The Mayor of London’s development corporation for Old Oak and Park Royal (OPDC) has announced Hemiko as its official development and funding partner for a pioneering new district heat network: the UK’s first to harness waste heat from data centres. OPDC and Hemiko will work together to design, deliver, fund, and operate the low-carbon heat... Read More

AI-powered cybersecurity business ReliaQuest has raised more than £379.4 million ($500 million) in a funding round led by EQT, KKR and FTV Capital, at a time when cybersecurity risks are evolving and becoming increasingly sophisticated. Now valued at £2.5 billion ($3.4 billion), ReliaQuest’s technology platform, called GreyMatter, integrates over 200 different cybersecurity tools, giving IT... Read More

AMD has completed its acquisition of ZT Systems, a leading provider of AI and general-purpose compute infrastructure for hyperscale data centres. The acquisition intends to strengthen AMD’s position in AI infrastructure by integrating CPU, GPU, and networking silicon with open-source ROCm™ software and rack-scale system capabilities. This strategic move aims to accelerate the deployment of... Read More

In a new record venture capital fundraising round, ChatGPT-maker OpenAI raised £30.4 billion ($40 billion), at a post-money valuation of £228 billion ($300 billion). Led by Japan’s SoftBank, with the involvement of a number of existing investors including Microsoft, Coatue Management and Thrive Capital, the funding will go towards advancing cutting-edge AI research and boosting... Read More

Mohamed Awad, head of infrastructure at Arm, has said that Arm is projecting to have a 50% market share in data centre CPU by 2025, from approximately 15% in 2024. In an interview with Reuters, Awad attributed this dramatic growth to the increasing demand for artificial intelligence (AI) infrastructure. Arm’s technology is widely used as... Read More