Zayo separates its European operations

Zayo unveiled plans to carve out its European business as a separate legal company.Zayo Europe, now headed by newly-appointed CEO, Colman Deegan, already operates a largely autonomous, mostly-owned fiber infrastructure network across eight Western European countries. Zayo Europe will maintain key employee hubs in London, Paris, Stuttgart, and Sofia. Following the separation, Zayo Europe will have a new board of directors, including Jens Schulte-Bockum...

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Tech Update: DigiCert on the Post-Quantum Threat

 There's growing awareness of the post-quantum threat to cybersecurity and NIST is expected to deliver recommendations soon. Avesta Hojjati, VP of Engineering from DigiCert, provides an update:- The potential risk quantum computers pose to existing security protocols and algorithms, which could be broken in a matter of hours or weeks once a stable and powerful enough quantum computer is developed.- The importance of incorporating security into...

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Arista's Q1 sales rise 16% yoy to $1.571 billion

Arista Networks $1.571 billion, an increase of 2.0% compared to the fourth quarter of 2023, and an increase of 16.3% from the first quarter of 2023. GAAP gross margin was 63.7%, compared to GAAP gross margin of 64.9% in the fourth quarter of 2023 and 59.5% in the first quarter of 2023. Non-GAAP net income was $637.7 million, or $1.99 per diluted share, compared to non-GAAP net income of $452.5 million, or $1.43 per diluted share in the first quarter...

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Tesla deploys Private 5G in Giga Berlin

Tesla posted a video about use of private 5G at Gigafactory Berlin -- its first deployment of the technology.The private 5G network extends fast connectivity across the site, including the production floor as well as the outbound lots where newly manufactured vehicles can receive over-the-air software updates.https://x.com/gigafactories/status/1787874862201012706?s=61&t=KdPY9XFEk_VcB1Pe-YD8VAfa...

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Niobium raises seed funding for accelerator chip

 Niobium, a start-up based in Dayton, Ohio, announced $5.5 million in seed fundraising for its development of a fully homomorphic encryption (FHE) hardware accelerator for Zero Trust  cryptography hardware. Niobium is a spin-out from Galois, a consultant group leading advanced cryptography and privacy research and development. The company's fully integrated custom silicon for FHE is a PCIe card based on Niobium's FHE System on a Chip...

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Australia's Optus appoints Rue as next CEO as Singtel sets new governance model

Stephen Rue, who is currently CEO of Australia’s National Broadband Network (NBN),has been appointed CEO of Optus with effect from November 2024. Stephen joined NBN as CFO in 2014 before becoming CEO in 2018. In his decade at NBN, he led the nation’s broadband rollout to completion, connecting over 8 million Australian homes and businesses with fast and secure broadband access. The CEO appointment coincides with the introduction of a new...

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Astera Labs posts revenue of $65 million, up 269% yoy

Astera Labs reported Q1 revenue of $65.3 million, up 29% sequentially and up 269% year-over-year. GAAP gross margin was 77.4%. Non-GAAP net income was $14.3 million.“Astera Labs started the year strong, achieving record revenue in the first quarter, driven by the accelerating deployment of AI infrastructure,” said Jitendra Mohan, Astera Labs’ Chief Executive Officer. “As hyperscalers embark on a significant transformation of their data centers to...

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