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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 Infrastructure
AI Infrastructure

Goldman and Apollo discuss selling portions of SpaceX chip financing

Goldman Sachs and Apollo Global Management are in talks with Wall Street investors to begin selling portions of a roughly $40 billion chip financing deal for SpaceX, Bloomberg reported. The discussions concern portions of the financing rather than a completed sale.

Capital Infrastructure
Capital Infrastructure

VÆRIDION raises €30 million and wins selection for €94.5 million EU grant

Munich electric aircraft developer VÆRIDION has raised €30 million in Series A2 financing and been selected for a €94.5 million European Commission Innovation Fund grant, EU-Startups reports. SHIFT Invest and Invest-NL co-led the equity round.

AI Capital
AI Capital

Numica raises $21M to acquire small US accounting practices

Numica has raised $21M in equity and debt from Roosh X and Flashpoint Capital to acquire more small US accounting firms, The Next Web reports. The New York startup targets practices with annual revenue of $700,000 to $5m, often owned by accountants approaching retirement.