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SoftBank acquires a 51% stake in Dublin-based Cubic Telecom, which offers software-based networking for 17M+ vehicles, for €473M, valuing Cubic at €927M (Ingrid Lunden/TechCrunch) 05-12-2023

Ingrid Lunden / TechCrunch: SoftBank acquires a 51% stake in Dublin-based Cubic Telecom, which offers software-based networking for 17M+ vehicles, for €473M, valuing Cubic at €927M  —  Automakers and technology companies are building ever-more sophisticated digital platforms into the future generations of cars and other vehicles. Lees verder op Tech Meme

The European Commission approves up to €1.2B of state aid for a European cloud computing project, the IPCEI CIS, matched with €1.4B in private investments (Sudip Kar-Gupta/Reuters) 05-12-2023

Sudip Kar-Gupta / Reuters: The European Commission approves up to €1.2B of state aid for a European cloud computing project, the IPCEI CIS, matched with €1.4B in private investments  —  The European Commission approved on Tuesday up to 1.2 billion euros ($1.30 billion) of state aid for a European cloud computing project … Lees verder op Tech Meme