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2 weeks ago | 
bizjournals.com | Justin Sayers |Anthony Duignan-Cabrera
Founded in 1994 in Secaucus, New Jersey, ZT Group International Inc. (dba ZT Systems), is a privately held company that designs and distributes data center and storage infrastructure systems to cloud companies. Nvidia’s competitors are taking aim at the Santa Clara chip behemoth, and Advanced Micro Devices Inc. has a plan. AMD on March 31 completed its $4.9 billion acquisition of New Jersey-based ZT Systems as the company seeks to expand its portfolio of artificial intelligence chips.
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3 weeks ago | 
bizjournals.com | Anthony Duignan-Cabrera
It happened hours before he was set to surrender. President Donald Trump commuted Ozy Media co-founder Carlos Watson's 10-year prison sentence mere hours before he was going to serve for defrauding the company's investors, according to reports.
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4 weeks ago | 
bizjournals.com | Anthony Duignan-Cabrera
Pat Gelsinger is dipping his expertise into VC and Christianity with his two new roles. Former Intel CEO Pat Gelsinger landed not one but two new roles following a rocky end with the chipmaking company. After joining a Boulder, CO-based Christian tech company named Gloo as executive chairman and head of technology, Gelsinger will also be a general partner with the venture capital firm Playground Global.
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1 month ago | 
bizjournals.com | Anthony Duignan-Cabrera
Massachusetts Secretary of State called the feature another "gimmick from a company that's very good at gimmicks to lure investors away from sound investing."Menlo Park financial services company Robinhood Markets Inc. is being investigated by Massachusetts' top securities regulator for its plan to launch a "prediction markets" hub to let people wager on various events.
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1 month ago | 
bizjournals.com | Anthony Duignan-Cabrera
Listen to this article 5 minLast summer, the company announced a 1-for-20 reverse stock split of its issued and outstanding shares of common stock in order not to be delisted from the Nasdaq. Video and unstructured data management company Quantum Corporation has launched a subscription service designed to secure companies against ransomware and other cyber threats.
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1 month ago | 
bizjournals.com | Anthony Duignan-Cabrera
The on again/off again relationship between Google and Wiz seems to be on again. Alphabet Inc.'s plan to acquire the cybersecurity startup Wiz Inc. for a planned $30 billion appears to be back on the table, according to The Wall Street Journal. This time the deal was sweetened by $7 billion. Quoting an internal letter sent by Wiz CEO Assaf Rappaport last summer, the New York-based company was looking into an initial public offering at the time.
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1 month ago | 
bizjournals.com | Anthony Duignan-Cabrera
The owner of Intuit TurboTax and Credit Karma saw its revenue jump 17% to $4 billion in the second quarter. Intuit, Inc. (Nasdaq:INTU) saw its share price jump almost 13% Wednesday on the heels of its impressive fourth-quarter results. The Mountain View-based financial technology company, which is home to Intuit TurboTax, Credit Karma, QuickBooks and Mailchimp, saw its revenue jump 17% to $4 billion in the second quarter. Credit Karma's revenue is up 36% to $511 million.
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2 months ago | 
bizjournals.com | Anthony Duignan-Cabrera
The companies plan to use natural gas and fuel cells to generate near zero-carbon and always-on power. Bloom Energy Corp. (BE: NYSE) is partnering with a Georgia-based clean energy equipment manufacturer to streamline zero-carbon emission energy solutions. Bloom, headquartered in San Jose, will work with Chart Industries Inc., the companies said, as a part of a "carbon capture partnership." They will use natural gas and fuel cells to generate near zero-carbon and always-on power.
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2 months ago | 
bizjournals.com | Anthony Duignan-Cabrera
Meta employees were warned about layoffs. CEO Mark Zuckerberg sent a memo in January telling staff that 2025 would "be an intense year."Meta handed out another round of layoffs on Monday, following through on its plan to reorganize its platform. According to a report in Reuters, Meta's Head of People, Janelle Gale, announced that layoff notices were distributed at 5 a.m. local time for employees globally, including the United States.
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2 months ago | 
bizjournals.com | Anthony Duignan-Cabrera
The acquisition is a bit of positive news for the e-commerce giant that just weeks ago was fined $3 million by the Justice Department. A San Jose online auction site has grown its portfolio while working to move on from negative press. eBay last week expanded its presence into the online auto retail sector by acquiring mobile app Caramel Inc. In 2016, eBay bought Cargigi Inc., a provider of online advertising and marketing services for the auto industry.
