Verizon said on Thursday that it had entered into a definitive agreement to acquire Frontier, a leading fiber internet provider, for $20 billion in cash. Frontier is a nearly 90-year-old telecommunications company that filed for bankruptcy in 2020 after taking on billions of dollars in debt. Frontier exited bankruptcy in 2021 with a fiber focus,...
Leah Solivan was an IBM engineer, working on business collaboration tools like Lotus Notes, when she found her million-dollar startup idea: an online marketplace connecting customers with “taskers” who could run errands or do household chores for them at a price. The idea arose from Solivan running out of dog food one night and asking...
AMD is leveling up its AI chip strategy against industry leader Nvidia by acquiring an AI startup. AMD disclosed on Wednesday that it will acquire Silo AI, a Finnish startup that calls itself “Europe’s largest private AI lab.” The all-cash deal is worth about $665 million and is expected to close in the second half...