
DDN Gets $300M Investment From Blackstone Tactical
$1,500.00
Authors: Mark Nossokoff and Bob Sorensen
Publication Date: January 202025
Length: 1 pages
Blackstone Tactical Opportunities recently announced a $300M investment in DDN, valuing DDN at $5B. Blackstone’s investment strengthens the portfolio supporting its AI digital infrastructure investment theme, while DDN aims to use the financial support to accelerate its efforts to bring enterprise-grade AI to a wide breadth of organizations.
Related Products
New Error Correction Scheme Seeks to Advance Quantum Computing Capabilities
Bob Sorensen, Tom Sorensen
Researchers at the US-based Lawrence Berkeley National Lab (LBNL) recently reported a new approach to error mitigation in a quantum computer (QC) that targets error-producing noise, a ubiquitous problem that can severely limit the performance and utility of existing and near-future quantum computers. The method developed at LBNL consists of taking an initial noisy target circuit and constructing an analogous estimation circuit that is configured specifically for accurate noise characterization. The information gathered from running the estimation circuit is then applied to correct the noise in the original target circuit.
3 202022 | HYP_Link
Verne Global Acquired by UK Investment Company
Mark Nossokoff, Alex Norton
HPC datacenters have been improving their energy consumption and environmental sustainability profiles. Verne Global, a high-intensity-compute cloud colocation services provider, has emerged as a leader in delivering 100 percent renewable, global HPC cloud resources, powered by Iceland's natural hydroelectric and geothermal energy. Digital 9 Infrastructure plc (D9), a newly formed UK- based investment trust company that invests in a range of digital infrastructure assets, has acquired Verne Global in a deal valued at approximately £231 million.
9 202021 | HYP_Link