The Washington-based e-commerce giant plans to enlarge its data center infrastructure in the state, adding on to the billions of dollars the technology company has committed to the expansion of artificial intelligence.
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Amazon to invest $20B to expand cloud infrastructure in Pennsylvania
The Washington-based e-commerce giant plans to enlarge its data center infrastructure in the state, adding on to the billions of dollars the technology company has committed to the expansion of artificial intelligence. Read here
Blackstone plans $500B investment in Europe
The New York-based alternative asset management company intends to invest up to $500 billion in continent over the next 10 years eyeing higher growth rates, as the firm celebrated its 25 years of operations in London. Read here
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Brown & Brown inks $9.8B deal for Accession Risk
The Florida-based insurance broker is set to acquire the parent of Risk Strategies in a deal that adds to a handful of mega transactions in the highly fragmented insurance broker industry in recent years.Read here
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NEWS WORTH NOTING
OpenAI’s annual revenue hits $10B, up from $5.5B
The California-based artificial intelligence pioneer said that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption.Read here
The private equity giant is one step closer to sealing its largest UK deal this year after the British precision instrumentation company said it would back a formal offer. Read here
Bain ramps up property pipeline with $5B in Japan
The private investment firm is bolstering its property investments in Japan with a portfolio of deals, after taking over Seven & I Holdings’ supermarkets. Read here
KKR, Brookfield among bidders for $3.6B DIG Airgas
The Australian financial services group is preparing to divest South Korea’s third-largest industrial gas producer in a transaction with a number of global private equity firms. Read here
VeloBank expands in Poland after Citi unit acquisition
The Polish bank, backed by US-based private equity giant Cerberus Capital Management, is setting the stage for a broader push into Poland’s retail banking sector. Read here
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