Denmark’s TDC gets takeover approach
HELSINKI — Danish telecoms company TDC Group said Monday it received a sweetened bid from an Australian-Danish consortium for all of its shares. That led it to call off its own $2.5 billion takeover plan of Sweden’s Modern Times Group’s broadcasting and entertainment operations.
The Copenhagen-based company said it urged investors to back the cash offer of about 40 billion Danish kronor ($6.7 billion) from Australia’s Macquarie and three Danish pension funds.
TDC, formerly known as Tele Danmark Communications, had last week rejected a $6 billion takeover from the same consortium which is pledging to make substantial investments into the company’s network infrastructure. power its giant artificial intelligence systems. These chips were designed to handle the complex processes that some believe will be a key to the future of the computer industry.
On Monday, the internet giant said it would allow other companies to buy access to those chips through its cloud-computing service. Google hopes to build a new business around the chips, called tensor processing units, or TPUs.
‘‘We are trying to reach as many people as we can as quickly as we can,’’ said Zak Stone, who works alongside the small team of Google engineers that designs these chips.
Google’s move highlights several sweeping changes in the way modern technology is built and operated. Google is in the vanguard of a movement to design chips specifically for artificial intelligence, a worldwide push that includes dozens of startups as well as familiar names like Intel, Qualcomm and Nvidia.