Tag Archives: Deal

The City Council in The Dalles voted unanimously Monday night, 5-0, to approve a $28.5 million deal with Google to provide more water for the tech company to cool two new data centers there. The issue had trained national attention on the small city, which sits along the Columbia River about 80 miles east of Portland, and the broader question of water rights in the drought-stricken West. Google and The Dalles have refused to say just how much water the company’s three existing data centers… Source link

Advanced Micro Devices (AMD) is about to enter the metaverse. The chip giant said its EPYC chips were selected by Meta (formerly known as Facebook) to help power its data centers at its virtual Accelerated Data Center Premiere event Monday. AMD explained the two companies worked together to develop a high-performance, power-efficient processor based on the company’s 3rd Generation EPYC processor. “Adding Meta is certainly a very significant piece,” AMD CEO Dr. Lisa Su said on Yahoo Finance… Source link

Google Cloud announced a major deal today with The CME Group to move CME’s futures and options markets to the cloud over a 10-year period. The deal has several components, including a $1 billion investment from Google into CME. Google would not say how much the total deal is worth, however. Philip Moyer, VP of strategic industries at Google Cloud, says this isn’t your standard deal where Google simply helps the customer move workloads to the cloud. “Instead,… Source link

The logo of Google is seen in Davos, Switzerland January 20, 2020. 2020. REUTERS/Arnd Wiegmann/File Photo Nov 4 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has invested $1 billion in CME Group (CME.O) and has struck a separate deal to move the exchange operator’s trading systems to the cloud, the companies said on Thursday. Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri Our Standards: The Thomson Reuters Trust Principles. Source link

Majid Al Futtaim, which specialises in shopping mall, communities, retail, and leisure across the Middle East, Africa and Central Asia, is teaming with Russian tech giant Yandex to explore autonomous technology solutions that enhance Carrefour UAE’s last mile delivery capabilities. This makes Carrefour the first omnichannel retailer to use self-driving robots for online order delivery in the region.  A pilot, involving customers in select neighbourhoods across the UAE, is set to launch… Source link

Photo-Illustration: Intelligencer. Photo: Getty Images As a torrent of bad press consumes Facebook — or whatever the company may soon be renamed — it’s worth remembering that to become an industry-dominating social-media Goliath, sometimes you need a little help from your friends. Perhaps they’re better described as co-conspirators.

And the wins keep piling up for buy now, pay later outfit Affirm.  The company announced this week it has inked a deal with American Airlines that will allow consumers to pay for their travel in installments.  “It’s there to help travelers. Lots of people are going to try to go to a family getaway and not everyone is capable of paying for it instantaneously in cash,” said Affirm founder and CEO Max Levchin on Yahoo Finance Live. For Affirm, the American Airlines tie-tup is the latest in a… Source link

By Anirban Sen and Jessica DiNapoli (Reuters) -A merger with former U.S. President Donald Trump’s new social media venture has delivered a potential windfall of $420 million for a former finance executive who has been trying for a decade to reinvent himself as a serial dealmaker. Benessere Capital CEO Patrick Orlando’s stake in Digital World Acquisition Corp, the Miami-based blank-check acquisition firm he is leading, was worth $423 million on Thursday after his deal to merge with Trump Media… Source link

(Bloomberg) — Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion. Most Read from Bloomberg Blakely, 50, will retain a significant interest in the Atlanta-based maker of shapewear and pantyhose, according to a statement from the two firms on Wednesday. She will continue to oversee daily operations alongside Spanx’s existing senior… Source link

In July, major crypto lender BlockFi officially launched its credit card that lets customers earn cryptocurrency rewards based on spending. Today, the company said the number of BlockFi cardholders has grown to over 50,000 in the last three months. Unlike cryptocurrency debit cards offered by companies like BitPay and Coinbase – which let customers spend their crypto – the BlockFi credit card incentivizes users to spend U.S. dollars in order to earn crypto. BlockFi first announced its… Source link