DMI-Logo
search-iconsearch-icon
Home
>
News

News

Industry news, company updates, and insights from DataM Intelligence. Stay informed with the latest developments in the industry.

categories

Food and BeverageHealthcareAgricultureChemicals and MaterialsInformation & Communications TechnologyElectronics & SemiconductorEnergy and PowerAutomotive and AviationConsumer-GoodsOthers

KKR’s $9 Billion UGI Bid Signals Renewed Private-Equity Interest in Natural Gas and Power Infrastructure

KKR has reportedly made a $9 billion takeover offer for UGI Corp., highlighting renewed private-equity interest in natural gas and electricity infrastructure as AI data centers drive growing demand for reliable power.

Aug 19, 2026

FDA Approves ZENBEXUS: Bristol Myers Squibb’s First CELMoD Therapy Opens New Chapter in Multiple Myeloma Treatment

The U.S. FDA has granted accelerated approval to Bristol Myers Squibb’s ZENBEXUS (iberdomide) with daratumumab and dexamethasone for eligible adults with multiple myeloma after at least one prior line of therapy. The first FDA-approved CELMoD therapy achieved a 41% MRD-negative complete response rate versus 21% with the comparator regimen in the Phase 3 EXCALIBER-RRMM trial, marking a significant development in the relapsed or refractory multiple myeloma treatment landscape.

Aug 19, 2026

Weave Communications to Go Private in $650 Million Francisco Partners Acquisition

Weave Communications has agreed to be acquired by Francisco Partners in an approximately $650 million all-cash transaction, accelerating investment in its AI-powered healthcare platform and taking the company private.

Aug 19, 2026

AI Data Center Expansion Is Creating a New Industrial Demand Cycle

The rapid expansion of AI data centers is creating a new industrial growth engine, driving demand for power-generation equipment, electrical infrastructure, cooling systems, energy storage and other data center technologies. Major manufacturers are expanding production and redirecting existing capacity toward the AI infrastructure buildout, although cost inflation and overcapacity risks could reshape the market.

Aug 18, 2026

Princeton Digital Group’s $1 Billion India Data Center Investment Accelerates AI-Ready Infrastructure Expansion

Princeton Digital Group is expanding India's AI-ready data center infrastructure through its $1 billion investment program, strengthening capacity across Mumbai and Chennai as demand for hyperscale cloud and AI infrastructure accelerates.

Aug 18, 2026

Groq Raises $350 Million to Fuel Neocloud Expansion Amid Global AI Infrastructure Boom

Groq has raised $350 million in funding to accelerate its transformation into a neocloud infrastructure provider. The company plans to expand its Nvidia-powered data center network and AI cloud services to meet rising demand for AI training and inference workloads. The investment highlights growing investor confidence in AI infrastructure providers as enterprises scale generative AI deployments worldwide.

Aug 18, 2026

Databricks’ $190 Billion Valuation Signals a New Investment Cycle for Enterprise AI Infrastructure

Databricks’ $5 billion funding round at a $190 billion valuation highlights the accelerating flow of capital into enterprise AI infrastructure. With revenue exceeding a $7 billion annualized run rate, the deal signals growing investor confidence in AI data platforms, enterprise AI applications and infrastructure required to operationalize artificial intelligence at scale.

Aug 17, 2026

PM Modi Flags Energy Security and Critical Minerals as India’s Next Strategic Investment Priorities

Prime Minister Narendra Modi’s Independence Day 2026 address has put energy security and critical minerals at the centre of India’s future industrial strategy. As demand rises from EVs, semiconductors, AI data centres and clean energy, India’s efforts to secure domestic and overseas mineral supplies could create new investment opportunities across mining, processing, recycling, batteries and advanced manufacturing.

Aug 17, 2026

EU Commits $11.4 Billion to 7 AI Gigafactories to Close the Gap With US and China

The European Union is committing €10 billion ($11.4 billion) to support up to seven AI gigafactories, with the European Commission seeking another €20 billion in private investment. The initiative aims to expand Europe’s AI computing capacity, strengthen technological sovereignty and narrow the infrastructure gap with the United States and China.

Aug 17, 2026