Will support 4G growth ambitions

Funding forms part of Rebellions’ extended Series B funding round

Predicts $2 trillion in global build out

Will be used for Edge development

CEO bullish on prospects for emerging technology areas

Funding will be used for expanding Gcore's AI Edge and cloud platform

Company enters another APAC market

M&A opportunities are not an immediate priority, says Moskovitz, but notes that fiber review continues to progress

Hopes to enhance HPC and AI capabilities

Will support 2G, 3G, and 4G

Round was led by Walden Catalyst and Temasek

Deal expected to close next year

The stake sale is the final part of a deal agreed in 2022

CEO Sam Altman has been leading the discussions

Company has booked two impairment charges since acquisition in 2022

Attributes the loss to surge of sales in India the year before

Investment boosts collaboration between the two companies

And appoints new CEO

Semiconductor equipment manufacturers could be targeted by new restrictions

Terms not shared

Company currently valued at $2.2bn

There's big money in Magic Balls

Another big financing agreement for the fiber infrastructure provider

Cyclic Materials allows rare earth magnets to be taken out of hard drive before shredding