Tag: Cloud computing

AIBlockchainBusiness

CoreWeave’s $9 Billion Core Scientific Acquisition Faces Shareholder Resistance

CoreWeave’s planned $9 billion acquisition of Core Scientific faces significant opposition after a major proxy advisor recommended shareholders reject the deal. The resistance signals potential cooling in the data center merger market amid unprecedented AI infrastructure investments. Two Seas Capital, a major shareholder, has publicly supported the recommendation against the transaction.

Major Proxy Advisor Opposes Core Scientific Acquisition

The proposed $9 billion acquisition of data center infrastructure provider Core Scientific by AI cloud provider CoreWeave is facing substantial resistance, according to recent reports. Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that Core Scientific shareholders vote against the transaction, sources indicate.

by Owen Holt
AIBusinessTechnology

Accenture’s Former CTO Joins Google Cloud to Drive AI and Public Sector Growth

Google Cloud has hired Accenture’s former chief technology officer Karthik Narain to spearhead AI and public sector expansion. Narain brings over a decade of enterprise technology leadership to his new role as chief product and business officer at the cloud giant.

Executive Leadership Shift

Google Cloud has appointed former Accenture chief technology officer Karthik Narain as its new chief product and business officer, according to an announcement from Google Cloud CEO Thomas Kurian. Sources indicate this strategic hire aims to accelerate the company’s artificial intelligence initiatives and public sector business development. Narain brings nearly 11 years of experience from Accenture, where he was instrumental in shaping the company’s technology vision and cloud strategy.

by Harlow Wesley