Billionaire Elon Musk’s artificial intelligence startup xAI ORCL has reached a $10 billion server deal with tech giant Oracle, according to a report by The Information. The deal marks the end of negotiations to expand an existing agreement in which xAI leased Nvidia’s AI chips through a cloud provider. Musk’s xAI is now purchasing chips … Read more
Market Research & Marketing Pvt. Ltd. in Chicago recently reported that the ModelOps market is expected to increase from USD 5.4 billion in 2024 to USD 29.5 billion by 2029, with a compound annual growth rate of 40.2%. ModelOps, or Model Operations, involves managing and operationalizing machine learning models in a production setting, covering tasks … Read more
Broadcom Inc recently borrowed $5 billion on the U.S. investment-grade bond market in order to refinance a portion of the loans it had taken out for its $69 billion acquisition of VMware Inc. The company sold the debt in three parts, with the yield on the longest tranche being 0.95 percentage points compared to government … Read more
Broadcom, a major technology company, has recently filed an application for a tender of $1.25 billion in 5.050% senior notes due in 2027. This filing was made with the Securities and Exchange Commission (SEC), indicating the company’s intention to issue these notes in the near future. The notes are being offered at a fixed interest … Read more
Larry Ellison, the founder of Oracle, is providing the majority of the funding for Skydance Media, a project led by his son David Ellison. The family will contribute $6 billion to the deal, with RedBird Capital Partners adding another $2 billion. Larry Ellison is considered the fifth richest person in the world, with a net … Read more
Broadcom Inc. recently borrowed $5 billion in the U.S. investment-grade bond market in order to refinance some of the loans it had taken out for its $69 billion acquisition of VMware Inc. The company is selling its debt in three parts, with the longest tranche offering a yield of 0.95 percentage points more than Treasuries, … Read more
The Australian government has announced plans to create a secure cloud service for its intelligence agencies through a $2 billion partnership with Amazon. This project, set to be completed by the end of the decade, aims to enhance information-sharing capabilities within Australia’s security sector and create about 2,000 jobs. Deputy Prime Minister Richard Marles emphasized … Read more
David Ellison, the son of billionaire Larry Ellison, made waves in Hollywood on Sunday after acquiring a $28 billion stake in Paramount through his company Skydance Media. This deal came after months of drama, including competing bids and leadership changes at Paramount. Ellison’s passion for flying, which he developed at a young age, led to … Read more
The Smart Infrastructure Market is expected to grow to USD 2,109.5 Billion by 2029, driven by the increasing demand for efficient infrastructure solutions in urban areas as populations grow. This growth is fueled by factors such as the proliferation of IoT, AI, and connected devices, as well as the global shift towards sustainable energy solutions. … Read more
Australia’s Signals Directorate, part of the Five Eyes intelligence alliance, plans to invest over A$2 billion in a customised cloud solution for its intelligence and defense operations. The goal is to enhance collaboration, data storage, and access for the country’s agencies and partners. The move comes in response to escalating cyberattacks from China and Russia, … Read more