Meta to spend big on data centers and AI infrastructure in 2024

Meta has outlined its financial strategy for 2024, emphasizing substantial investments in data centers, artificial intelligence (AI) hardware, and broader infrastructure enhancements. In its quarterly financial report, Meta projects its total expenses to remain steady, within the range of $94 billion to $99 billion, mirroring previous forecasts.A key focus for the upcoming year is the expansion of Meta's infrastructure. The company anticipates increased...

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Dell'Oro: Data center physical infrastructure market to hit $46B in 2028

The Data Center Physical Infrastructure (DCPI) market is set to grow at an 11 percent compound annual growth rate (CAGR) from 2023 to 2028, to over $46 billion, according to a new report from Dell'Oro Group. The proliferation of accelerated computing to support AI and ML workloads has emerged as a major DCPI market driver which is significantly increasing data center power and thermal management requirements.“The AI opportunity for the DCPI market...

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Sivers Semi expands chipset deal with Thorium Space

Sivers Semiconductors AB has announced an expansion of its existing chipset agreement with Thorium Space, valued at $2.9 million. This second phase of the partnership will focus on further development and validation of chipsets, aiming to prepare for future large-scale manufacturing. Sivers anticipates recognizing $2.1 million in revenue from this contract in 2024.The agreement extends the collaboration between Sivers Wireless, a unit of Sivers Semiconductors,...

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Charter sees Q4 drop in residential and business broadband customers

 Charter Communications reported Q4 2023 revenue of $13.7 billion, up by 0.3% year-over-year, driven by residential Internet revenue growth of 3.0%, residential mobile service revenue growth of 35.7% and other revenue growth of 24.4%, primarily driven by higher mobile device sales. Net income attributable to Charter shareholders totaled $1.1 billion in the fourth quarter. For the year ended December 31, 2023, net income attributable to Charter...

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EUTELSAT 113 West A satellite suffers anomaly

The EUTELSAT 113 West A satellite suffered an anomaly on 31st January and has ceased operations.Launched in 2006 and operating in inclined orbit at the 113° West position, EUTELSAT 113 West A (ex-Satmex 6) provided coverage of the Americas in C- and Ku-bands serving customers in video, data, and Government services on 18 operational transponders.Eutelsat said mitigation actions are underway to minimize the disruption to customers. The company notes...

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