HomeWorld

BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition

World 2 sources 2 countries 🔦 Under-reported 48m ago

A BlackRock-backed investment group has committed $5 billion to Aligned Data Centers following the completion of its acquisition of the company. This significant capital injection is intended to support the expansion and operational development of the data center provider.

Simultaneously, Intel is initiating a new round of layoffs within its Data Center and AI Group. The chipmaker stated that these personnel reductions are part of a broader strategy to improve organizational efficiency and agility. Despite the workforce cuts, Intel maintains that its current product roadmaps and commitments to the data center sector will remain unaffected.

In-depth summary · AI, neutral
Read the full story at the source Channel NewsAsia · SG
Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →

Covered by 2 sources