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Infrastructure AI

ABB designs data-center racks for one-megawatt power demand

ABB has introduced a portfolio of data-center racks designed for the rising power and computing requirements of AI infrastructure. ABB Motion President Brandon Spencer said deployments are moving toward roughly one megawatt of power at each rack, with rack-level needs increasing five to six times from current levels. The portfolio addresses power delivery at the rack as operators concentrate more computing equipment in data centers. The performance and demand figures are Spencer's estimates rather than independently reported deployment results.
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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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AI Capital
AI Capital

Snorkel AI raises $350 million at $3.5 billion valuation

Snorkel AI raised $350 million in fresh funding at a $3.5 billion valuation, CEO Alex Ratner told Reuters. The company sells a data-development platform that combines people and AI agents to create and vet data used in AI systems....

Capital AI
Capital AI

Spott raises €18.3 million to expand recruitment software

Leuven-based Spott has raised €18.3 million ($21 million) in a Series A led by Balderton Capital, with Base10 Partners, Y Combinator and Fortino participating. The recruitment-software company plans to use the funding for expansio...

Capital Infrastructure
Capital Infrastructure

Morphotonics raises €40 million for optics manufacturing and data-center push

Dutch manufacturing startup Morphotonics has raised €40 million in an extended round backed by investors including 3M Ventures, Innovation Industries, Invest-NL and the European Investment Bank. The company makes machines that sta...

Security Infrastructure
Security Infrastructure

Public research shows SharePoint flaw permits authenticated code execution

A SharePoint Server vulnerability Microsoft initially rated as a moderate spoofing issue can let an authenticated attacker execute code, according to technical details and working exploit markup published by Viettel Cyber Security...