article thumbnail

Atos staves off bankruptcy, casts wider net for refinancing

CIO

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. In 2023, the company made a net loss of €3.4 billion, compared to a net loss of €1 billion on revenue of €11.3 billion in 2022.

.Net 235
article thumbnail

e& and Huawei Launch Middle East’s First Net-zero 5G Massive MIMO Site

CIO

At the recent UN Climate Change Conference (COP28), Huawei and e& announced the inauguration of the region’s ground-breaking net-zero 5G massive MIMO site, setting new benchmarks in sustainability and technological innovation. Massive MIMO technology, the cornerstone of 5G, improves capacity, coverage and user experience.

.Net 227
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 things CIOs must do now to accurately hit net-zero targets

CIO

However, the latest and largest UNGC-Accenture CEO study revealed that 91% of CEOs report insufficient technology solutions as a barrier to seizing opportunities in the net-zero transition, building resilience in their organization, and overcoming current volatility in the business landscape.

.Net 246
article thumbnail

Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

article thumbnail

The alternative asset class needs new infrastructure — who will build it?

TechCrunch

Together with more established alternative classes like venture capital and private equity, these new alternatives give retail investors unprecedented access to asset classes that either never existed (like crypto) or were previously limited to high-net-worth investors. Modernizing the infrastructure for traditional alts.

article thumbnail

Software infrastructure 2.0: a wishlist

Erik Bernhardsson

Software infrastructure (by which I include everything ending with *aaS, or anything remotely similar to it) is an exciting field, in particular because (despite what the neo-luddites may say) it keeps getting better every year! Anyway, I feel like this applies to like 90% of software infrastructure products. Ephemeral resources.

article thumbnail

London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

Financial infrastructure startup Fidel API has raised $65 million in a Series B funding round led by Bain Capital Ventures. With this infrastructure, developers are able to create highly contextualized and event-driven user experiences at the point of purchase,” it claims. The company did not disclose its valuation.