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Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. billion from the sale of its big data and security activities to aircraft manufacturer Airbus fell through in March. billion in 2022.

.Net 93
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As AI use surges, tech companies race to secure clean energy and preserve climate goals

GeekWire

Microsoft has an agreement with the startup to purchase its clean power — if the company is able to produce it. The amount of electricity used globally for data centers, AI and cryptocurrency could double from 2022 to 2026, according to the International Energy Agency. In the U.S.

Energy 96
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IT services company Atos plans IBM-style split

CIO Business Intelligence

French multinational IT services company Atos is planning to split in two, much as IBM spun out its legacy-focused managed infrastructure services business to form Kyndryl in November 2021. IBM was still broadly profitable when it split, having made a net profit of $5.7 It’s a Hail Mary move for Atos. Legacy losses.

IBM 81
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IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

IT services company Atos has found a buyer for its legacy managed infrastructure services business as it prepares for an IBM-style split between faster- and slower-growing activities. Atos had planned to divide into two publicly listed companies, but on August 1 announced it is taking a different route.

IBM 87
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COP26 updates: Bill Gates’ Breakthrough Energy, Gates Foundation and Amazon tout climate efforts

GeekWire

Gates’ Breakthrough Energy runs multiple programs, including an investment initiative called Breakthrough Energy Ventures that has raised more than $2 billion and made investments in 80 companies across 11 countries. Catalyst has secured $1.5 ” The program’s public partners include the United Kingdom and U.S.

Energy 75