Fhenix acquires FHE infrastructure company Sunscreen, whose founder will become head of research.
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Sunscreen was acquired by Fhenix, and the team will continue to advance FHE technology.
PANews reported on July 3 that privacy computing project Sunscreen has announced its acquisition by Fhenix. Sunscreen stated that it has focused on applied cryptography research for the past four years and is optimistic about the Fhenix team's execution capabilities in fully homomorphic encryption (FHE) infrastructure, believing that Fhenix is better suited to bring production-grade FHE to market. Following the acquisition, the Sunscreen team will join Fhenix, and the relevant code will continue to be available under the AGPL open-source license.
Zach Abrams, co-founder and CEO of Bridge, a stablecoin company under Stripe, will temporarily serve as CEO of Open Standard.
PANews reported on June 30th that, according to Bloomberg, Zach Abrams, co-founder and CEO of Bridge, Stripe's stablecoin infrastructure company, will temporarily serve as CEO of Open Standard. Over 100 fintech companies, payment networks, crypto companies, and banks, including Visa, Stripe, BNY Mellon, BlackRock, Klarna, Chime, Alphabet, and Coinbase, have jointly established the stablecoin consortium Open Standard, planning to issue the US dollar stablecoin Open USD and integrate it into their respective systems later this year.
US infrastructure company MasTec invests another $1.65 billion to strengthen its data center electrical footprint.
Mars Finance reports that US infrastructure engineering and construction company MasTec announced on Tuesday that it will acquire electrical contractor The Superior Group for approximately $1.65 billion to enhance its electrical service capabilities in the rapidly expanding data center infrastructure market. The transaction, conducted in cash and stock, is expected to close in mid-to-late July. (Cailian Press)
Helix, an AI infrastructure company backed by KKR, announced its entry into the data center investment arena.
According to Odaily Odaily, Helix Infrastructure Partners, an AI infrastructure company backed by private equity giant KKR, has officially entered the AI data center investment arena. It plans to accelerate the provision of customized computing facilities to hyperscale cloud vendors by acquiring existing data center developers. Led by former Amazon Web Services executive Adam Selipsky and backed by industry capital such as NVIDIA, Helix aims to quickly acquire mature assets rather than build data centers from scratch in the context of continuously high demand for AI computing power. The company is reportedly evaluating the acquisition of a data center enterprise specializing in developing customized facilities for large cloud customers to alleviate the current "data center supply bottleneck" in the market and accelerate the deployment of AI infrastructure. Analysts point out that, constrained by both the explosive growth in AI computing power demand and tight power resources, private equity capital is accelerating its involvement in data center asset consolidation, driving the transformation of AI infrastructure from development-driven to M&A-driven. (The Information)
Novartis acquires British biotechnology company Myricx Bio for $1.5 billion
Novartis has agreed to acquire Myricx Bio, a UK-based cancer treatment group, in a deal that could be worth up to $1.5 billion, marking the latest acquisition of a British biotechnology company by a foreign firm. (Sina Finance)
Ripple's co-founder has reportedly invested in a company founded by the son of a US senator.
PANews reported on July 3rd that, according to Cointelegraph, Ripple co-founder and executive chairman Chris Larsen has reportedly invested in American Perpetuals Exchange Corp. (APEC), a derivatives exchange founded by Theodore Gillibrand, son of New York Senator Kirsten Gillibrand. The platform has reportedly raised $30 million, with most investors contributing between $5,000 and $10,000. This investment comes as Gillibrand is involved in negotiations regarding the ethics provisions of the Clarity Act, which is expected to have a significant impact on the US crypto industry.