System Bits: July 3


CMU prof gets a shot at new supercomputer The National Energy Research Scientific Computing Center will greet its Perlmutter supercomputing system in early 2020. The Cray-designed machine will be capable of 100 million billion floating operations per second. Zachary Ulissi of Carnegie Mellon University will be among the first researchers to use the supercomputer. "When this machine comes on... » read more

Week in Review: IoT, Security, Auto


Internet of Things Verizon Communications launched its nationwide narrowband Internet of Things network, saying it covers more than 92% of the U.S. population. “There is a whole universe of smart solutions needing scalable and affordable connections,” Jeffrey Dietel, senior vice president of business marketing and products, said in a statement. “By launching our NB-IoT network, Verizon i... » read more

Nvidia to Buy Mellanox for $6.9B


Nvidia reached a definitive agreement to acquire Mellanox Technologies for $125 a share in cash, giving the deal an enterprise value of about $6.9 billion. The proposed transaction would complement Nvidia’s product portfolio in high-performance computing for applications in artificial intelligence and big data analytics, with Mellanox’s specialty in providing interconnects for hyperscale da... » read more

February ’19 Startup Funding: Big Cash Keeps Rolling In


Sixteen startups received private funding rounds of $100 million and up during February, including three that took in 10-figure rounds. Those 16 companies raised more than $8 billion in total. The SoftBank Vision Fund invested $1.5 billion in China's Chehaoduo, an online car trading group that includes Guazi.com, a used-car trading platform, and Maodou.com, which retails new sedans through d... » read more

Week in Review: IoT, Security, Auto


Internet of Things Yingzi Technology of Guangzhou, China, has developed a “future pig farm” to demonstrate what technology can do to make keeping pigs more profitable in a country that is trying to reduce the number of small farms raising pigs and consolidate them into larger operations. China is also contending with an outbreak of African swine fever that has spread out of the country thr... » read more

January ’19 Startup Funding: $100M+ Rounds Abound


Sixteen companies received private funding rounds of $100 million or more during the month of January, with two privately held companies, Infor and Verily Life Sciences, taking in rounds of $1.5 billion and $1 billion, respectively. The market segments represented in the January rounds were varied. Multiple companies using artificial intelligence technology in their offerings and cloud-based... » read more