Latest news with #HannoverMesse
The Star
14 hours ago
- Business
- The Star
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
FILE PHOTO: A Meta logo is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo (Reuters) -Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers in the U.S., the Financial Times reported on Friday. The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR, Brookfield, Carlyle and Pimco, the report said, citing people familiar with the matter. Meta is looking to raise $3 billion in equity and $26 billion in debt, the report said, adding that the company is debating how to structure the fundraising and may also seek to raise more capital. Such a fundraising comes at a time when Meta has doubled down its commitment to artificial intelligence, including a $14.8 billion investment in startup Scale AI. Meta, Apollo Global, KKR, Brookfield, Carlyle and Pimco did not immediately respond to Reuters' requests for comment. Meta was working with its advisers at Morgan Stanley to arrange the financing, and it was considering ways that could make the debt more easily tradeable once it was issued, the FT report said. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Maju Samuel)
The Star
a day ago
- Business
- The Star
Microsoft's next-gen AI chip production delayed to 2026, The Information reports
A view shows the Microsoft logo on the day of the Hannover Messe, one of the world's largest industrial trade fairs with this year's partner country being Canada, as both Canada and the European Union face new U.S. tariffs, in Hanover, Germany, March 31, 2025. REUTERS/Fabian Bimmer/File Photo (Reuters) -Microsoft's next-generation Maia AI chip is facing a delay of at least six months, pushing its mass production to 2026 from 2025, The Information reported on Friday, citing three people involved in the effort. When the chip, code-named Braga, goes into production, it is expected to fall well short of the performance of Nvidia's Blackwell chip that was released late last year, the report said. Microsoft had hoped to use the Braga chip in its data centers this year, the report said, adding that unanticipated changes to its design, staffing constraints and high turnover were contributing to the delay. Microsoft did not immediately respond to a Reuters request for comment. Like its Big Tech peers, Microsoft has focused heavily on developing custom processors for artificial intelligence operations and general purpose applications, a move that would help reduce the tech giant's reliance on pricey Nvidia chips. Cloud rivals Amazon and Alphabet's Google have both raced to develop chips in-house, customized for their specific needs with the goal of improving performance and reducing costs. Microsoft had introduced the Maia chip in November 2023, but has lagged its peers in ramping it up to scale. Google, meanwhile, has seen success with its custom AI chips - called Tensor Processing Units - and in April unveiled its seventh-generation AI chip designed to speed the performance of AI applications. Amazon in December also unveiled its next-generation AI chip Trainium3 that is set to be released late this year. (Reporting by Deborah Sophia in Bengaluru; Editing by Shailesh Kuber)
Business Wire
2 days ago
- Business
- Business Wire
Data4Industry-X Awarded BAIDATA Excellence 2025 for Advancing Interoperability of Industrial Data Spaces
BILBAO, Spain--(BUSINESS WIRE)-- Data4Industry-X, the trusted Industry Data Space solution, has been awarded the BAIDATA Excellence Award 2025 in the category 'Deployment of Innovative Pilots and Use Cases', by BAIDATA, the Spanish Association for the development of data sovereignty and data economy in the Iberian Peninsula. "The Data4Industry-X solution exemplifies how digital ecosystems can unite SMEs and large enterprises to boost operational efficiency across the industrial landscape,' said Laurent Lafaye, Dawex co-CEO. This recognition highlights the comprehensive achievement made by Dawex, Schneider Electric, Valeo, CEA, and Prosyst in demonstrating with Data4Industry-X solution, the first international interoperability of data spaces for the exchange of digital product passport information, as showcased at Hannover Messe, in April 2025 on Plattform Industrie 4.0. stand. This award underlines the French technology and industry excellence in fostering seamless, cross-border interoperability of industrial data spaces, and the impact of Data4Industry-X solution in advancing the development of federated, sovereign and interoperable data spaces, accelerating the adoption of trusted data exchanges across Europe's industrial sectors. Supporting the Manufacturing-X ambition to create a compelling and sustainable global industry ecosystem, Data4Industry-X offers the most flexible and advanced industry data space solution, implementing the Gaia-X de facto standard, leveraging Gaia-X Digital Clearing House compliance services, interfacing with the OPC-UA protocol and Data Space protocol, supporting Open API formats and Asset Administration Shell data models, and integrating with decentralized connectors. Data4Industry–X relies on Dawex Industry Data Space solution, Schneider Electric and Prosyst building blocks on data continuum from the IIoT Box to the data space, on the CEA-List technology development towards the decentralization of data spaces, and on Valeo use cases development leveraging data using AI for the forecasting and reduction of CO 2 emissions around the world. "This BAIDATA Excellence Award demonstrates the importance of interoperability as a key enabler for the future of industrial data spaces," said Laurent Lafaye, Dawex co-CEO. "The Data4Industry-X solution exemplifies how digital ecosystems can unite SMEs and large enterprises to boost operational efficiency across the industrial landscape.' The award was presented during the BAIDATA Forum on June 26, 2025, in Bilbao, Spain, as part of the Spanish Digital Week 2025. Data4Industry-X is supported by France 2030, and endorsed by AIF-Alliance pour l'industrie du futur. About Schneider Electric About Valeo About CEA-List About Prosyst
The Star
18-06-2025
- Business
- The Star
Meta in talks to hire former GitHub CEO Nat Friedman to join AI efforts, The Information reports
FILE PHOTO: A Meta logo is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo (Reuters) -Meta Platforms is in talks to hire former GitHub CEO Nat Friedman to join the Facebook parent's AI efforts, The Information reported on Wednesday, citing a person familiar with the matter. The social media giant is also in discussion with Daniel Gross, Friedman's partner in the investment fund NFDG, about joining the company to work on AI, the report added. Meta did not immediately respond to a Reuters request for comment. The company is also in talks to partially buy out NFDG, the report said. Big tech companies are doubling down on AI partnerships and investment to stay ahead in the race for dominance. Meta announced a $14.8 billion investment in Scale AI last week, its second-largest investment to date. The company hired Scale AI CEO, Alexandr Wang, to work with Meta and lead its new superintelligence unit. Friedman is part of Meta's Advisory Group, an external advisory council established by the company to provide guidance on technology and product development. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)
The Star
16-06-2025
- Business
- The Star
Microsoft lays out data protection plans for European cloud customers
FILE PHOTO: A Microsoft sign is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo STOCKHOLM (Reuters) -Microsoft on Monday said data stored by its European cloud customers would stay in Europe, under European Law, with operations controlled by its local personnel, and under full control of customers. European companies and governments have been increasingly worrying about their data being moved outside the continent into the hands of other countries such as the U.S., pushing the American companies such as Microsoft to announce safeguards. Microsoft in April laid out plans to protect user data as it expands its cloud and AI infrastructure in Europe, including respecting European laws seeking to rein in the power of large technology companies. On Monday, the company said all remote access by Microsoft engineers to the systems that store and process European data would be approved and monitored by European resident personnel in real-time. Microsoft said its sovereign private cloud is in preview mode currently and will be generally available later this year. (Reporting by Supantha Mukherjee in Stockholm; Editing by Christian Schmollinger)
