Nortel Networks Corp. has received court approvals in Canada and the United States to move forward with the sale of its patent portfolio. The courts approved the the “stalking horse” bid for $900 million made by Ranger Inc., a unit of Google Inc. (GOOG).
The U.S. Bankruptcy court for the District of Delaware and the Ontario Superior Court of Justice both approved the sale agreement. Other bidders must now submit their offers by June 13 and the auction is currently set to take place on June 20.
Courts sign off on Nortel's patent portfolio sale, auction set for June 20
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants