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Infrastructure Policy

Thailand imposes noise, heat and water rules on data centers

Thailand has imposed new rules governing noise, heat and water at data centers, Bloomberg reported. The environmental restrictions apply to an industry expanding rapidly as investment in artificial intelligence fuels a boom in data center development.
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Bloomberg Technology
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital
Capital

Redalpine closes €222.53 million fund for European startups

Swiss venture capital firm redalpine announced the final close of its Capital VIII fund at €222.53 million ($250 million), targeting approximately 20 early-stage companies across Europe. New investors include Aviva Investors, Flexstone Partners and KfW.

EU-Startups
Capital Products
Capital Products

Numina raises €1.1 million to expand free accounting platform

Copenhagen-based Numina has raised €1.1 million in pre-Seed funding to support international expansion and further development of its accounting platform, EU-Startups reported. Participants include Nebular, Emblem and Founders A/S.

EU-Startups
AI Capital
AI Capital

GeniosAI raises $19.1 million across seed and Series A rounds

GeniosAI has raised $19.1 million in combined seed and Series A funding, CEO PD Singh told Axios. The company develops AI software for financial analysis and modeling. FactSet led the Series A portion of the financing.

Techmeme
Products Robotics
Products Robotics

Myomo reports record brace sales as gross margin rises to 71.3%

Myomo reported record third-quarter revenue of $12.3 million, up 22% year over year, as sales of its powered arm braces increased, Yahoo Finance reported. The company recognized revenue on 222 MyoPro units, up 19%, and recorded 258 orders, up 13%.

Yahoo Finance
Products Infrastructure
Products Infrastructure

SoftBank reports loss after $3.7 billion data center writedown

SoftBank Group reported its first net loss in almost two years after taking a $3.7 billion writedown on a US data center project, Bloomberg reported. The loss comes amid rising fears over the sustainability of AI growth.

Bloomberg Technology