The Seattle resident previously worked for Nike and the Portland Trail Blazers. He was also an angel investor and adviser.
The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.
Parent company Alphabet reported $80.5 billion in first-quarter revenue, an increase of 15% from the same period last year.
Slowing growth, stubborn inflation drive a broad-based decline in shares.
The Microsoft-backed cybersecurity software firm becomes the latest tech company to have an IPO.
Possibly the most prolific archival record producer in history, he was a founder of the Mosaic label, which became the gold standard of jazz reissues.
Blackstone is preparing to buy one of the country’s 100 largest chain restaurants as it revives its investment activity after a 2023 lull.
The world’s largest private equity firm announced Thursday that it has reached a deal to acquire Tropical Smoothie Cafe from Levine Leichtman Capital Partners. Blackstone is shelling out nearly $2B for the company, including assuming Tropical Smoothie’s debt, The Wall Street Journal reported.
The Atlanta-based franchise smoothie and bowl purveyor has 1,400 locations in 44 states after opening roughly 175 new locations last year, 70% of which were with existing franchise operators, according to a press release.
Tropical Smoothie is the top smoothie or juice franchise in the U.S. and…
Amazon’s growing investment in data centers has taken root in Indiana, where the company plans to make a record investment in the state.
Amazon will invest $11B on behalf of Amazon Web Services, the cloud computing arm of the company, to build out a data center campus in northern Indiana, the tech company announced Thursday.
In a social media post, Gov. Eric Holcomb called the investment “the largest in Indiana’s history.”
The attention to data centers, a property type coming under increasing scrutiny from local governments and residents, comes as Amazon retools its once-aggressive warehouse strategy and sheds loads of office space.
Excited to announce @awscloud’s…
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.