Vertiv said on September 2, 2026 that it has entered into an agreement to acquire UtilityInnovation Group, a microgrid and behind-the-meter power architecture firm, for approximately $1.45 billion in cash at closing. The deal adds onsite power generation and orchestration capabilities aimed at data center operators facing grid constraints. Under the agreement and plan of merger, Vertiv's wholly-owned subsidiary Vertiv Corporation will acquire Utility Innovation Holdings, which operates as… [...]
Elon Musk's AI company, xAI, has purchased X, according to a post shared by Musk. Besides their similar names and owner, the companies are already connected through xAI's chatbot Grok, which [...]